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Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties.


TSXV:MMY - Post by User

Post by nozzpackon Jan 12, 2021 10:24am
91 Views
Post# 32275261

Kentor Acquired Equipment for 350,000 tpa heap leach

Kentor Acquired Equipment for 350,000 tpa heap leach

The equipment included:

- A two stage crushing plant;
- Heap leaching equipment including an agglomerator, conveyors and stacker;
- Carbon absorption tanks; and
- Elution column and gold room.

The elution column and gold room will be used in the processing circuit, which provides Kentor with a cost effective means of re-commissioning the plant.

The crushing equipment will upgrade the throughput capacity of the plant and Kentor said the heap leaching equipment could be used to establish a heap leaching operation to treat the low grade ore at Burnakurra.

350,000 tons times 1 gms/ ton times 90% recovery =11,000 ounces of gold per year.

@$1800 POG, annual revenues will be about $20 million US per year = about  $25 million cad .

Cash flows from heap leaching can then be used to pay most of the operating costs of underground mining.

Neat and complementary mining operations ..

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