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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 Feb 17, 2021 5:09am
163 Views
Post# 32582044

The Floatation Product

The Floatation ProductTrying to understand exactly what is planned here in terms of output and addressable market, neither of which are provided by management.

So, in the Biox process of converting sulphide ore to oxide ore for final processing, first you crush and grind the sulphide ore into very fine particles.

Then, this fine ore is passed through a floatation tank in which a dissolution process separates the sulphide gold from the ore which floats to the surface in bubbles.

This floatation of sulphide gold is then skimmed off the surface ( Stage 1 ) and sent to the Biox plant where it is converted to oxide gold ( Stage 2 ) which is then recovered by the normal CIL ( Stage 3).

So what they are proposing here is to separate the sulphide gold from the ore by floatation which is the stage 1 process.

The product will then be sulphide gold fines which will be sold to customers in the paydirt market.

At least that is my understanding ..


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