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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 Mar 14, 2021 10:19am
141 Views
Post# 32794643

Discoveries of high grade Oxides at Selinsing pit cutbacks

Discoveries of high grade Oxides at Selinsing pit cutbacks

Below a cut and paste of the 2019 drilling program seeking additional oxides in the walls of the 3 Selinsing pits, along with additional drill results reported in Q2/21.

Final drilling was supposed to be completed this quarter.
The results..see graphics below...show discoveries of significant intercepts over a significant area of high grade oxides extendng beyond the walls of the largest pit ( pit 4 ).

These  will be mined in the very near future and could add 10,000 -15,000 ounces of good grade oxides to production over the next 2-4 quarters, and mixed with oxides from Peranghi, increase production to above 5000 ounces per quarter, mostly all oxides of high recoveries

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From Q2 Report 2021

An exploration RC drill program was completed in Q2 consisting of 947m over 14 holes at Pits 4, 5, and 6. 

The program commenced in early December 2020, and will continue in Q3 2021 with additional 181m over four holes remaining to be drilled in January 2021. 

A total of 1,051 samples were collected. Significant high grade drilling interception from the program is as follows:

 MSMRC 167; 1m @ 14.20g/t Au from 26m; 

MSMRC 179; 3m at 21.48g/t Au from 72m include 1m at 60.71g/t;

 and MSMRC 179; 17m at 2.10g/t Au from 5m. 

The drill program aims to identify mineralization areas with average grades that can be mined economically in the short run.

 Once those areas are defined, materials will be mined to feed into the processing plant.

 

From 2019 Drilling Program

Monument Announces Drill Program Results at Selinsing Gold Mine Pit 4

November 7, 2019

Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce encouraging drill results from a 681m diamond drill program for 14 holes at the Selinsing Gold Mine Pit 4 west wall,  

which has the potential to increase the current Selinsing gold resources. Additional opportunities for infill and extension drilling were identified (see Figure 1).

Figure 1Pit 4 Oblique view looking west

Significant Intercept Results 

Assay results above 0.35 g/t Au (Monument’s oxide cut-off) are listed below (Table 1) including significant intercepts from 

 

MSMDD211 (2m @ 1.06 g/t from 40m)

MSMDD215 (2.6m @ 7.62 g/t from 54.2m) and

 MSMDD217 (8.5m @1.33g/t from 14.5m), which indicates that the mineralization has extended outside of the resources defined in the NI43-101 report (the “January 2019 Snowden Feasibility Study”). 

However, it does not extend west beyond the currently known footwall plane. Additional information on drilling results from this drill program is shown in Appendix 1, 

and collar locations are presented in Figure 2.

 

HOLE ID (AZ, DIP) (DEGREES)

HOLE DEPTH (M)

FROM (M)

TO (M)

INTERCEPT (M)

TRUE WIDTH (M)

AU (G/T)

MSMDD211 (262, -60)
60
40.0
41.0
1.0
1.0
0.95
41.0
42.0
1.0
1.0
1.17
MSMDD212 (262, -60)
60
4.8
5.8
1.0
1.0
0.93
MSMDD213 (262, -60)
60
2.0
3.5
1.5
1.5
1.32
49.7
50.9
1.2
1.2
1.41
MSMDD214 (262, -60)
60
14.0
15.5
1.5
1.5
1.70
16.2
17.2
1.0
1.0
0.57
30.5
31.5
1.0
1.0
0.36
33.5
35.0
1.5
1.4
0.47
35.0
36.5
1.5
1.4
1.63
36.5
37.5
1.0
1.0
0.40
43.5
44.5
1.0
1.0
0.37
MSMDD215 (262, -60)
80
29.0
30.5
1.5
1.5
0.36
54.2
55.5
1.3
1.3
11.80
55.5
56.5
1.0
1.0
3.43
63.5
65.0
1.5
1.5
0.76
65.0
66.5
1.5
1.5
0.70
MSMDD217 (0, -90)
40
14.5
15.5
1.0
0.6
0.45
15.5
17.0
1.5
1.0
0.48
17.0
18.5
1.5
1.0
2.32
18.5
20.0
1.5
1.0
2.33
20.0
21.3
1.3
0.8
1.23
21.3
23.0
1.7
1.1
1.16
MSMDD218 (0, -90)
51
5.3
6.5
1.2
0.8
1.00
6.5
7.0
0.5
0.3
1.26
7.5
8.0
0.5
0.3
0.37
MSMDD224 (262, -60)
30
11.0
12.3
1.3
1.2
0.73
12.3
12.9
0.6
0.6
0.75

Figure 2: Pit 4 Drill Hole Map (Proposed and successful holes)

Pit 4 Drilling and Interpretation

The Pit 4 West Wall is considered the most suitable and prospective opportunity for additional immediate oxide mill feed.

 Under this drill program 14 holes were drilled for a total of 681m at Selinsing Pit 4. 

The results from 11 infill holes at the southwestern corner of Pit 4 show promising intersections and confirm the continuity of the high grade mineralized

 structure within a 60m corridor along the strike length.

North West Wall:  Grade control data on the North West Wall suggests that there is significant mineralization left behind that was delineated by previous drilling programs. 

This mineralization needs to be quantified and better delineated through a short drilling program (see Figure 3: “North West Wall”). 

Figure 3: North West Wall

The current pit outlined in the 2019 Snowden feasibility study is based on the resource model from the previous exploration RC drilling results and does not include the grade control information. 

The close space GC data shows more intense mineralization as compared to the results obtained from RC holes which indicate that the previous drilling 

may understate the presence of stronger gold occurrence within this area especially within 60 meter strike corridor between section 2100N-2140N.

Three holes drilled (MSMDD 219, 220, 221) at the northwest corner of pit 4 confirmed that the mineralization does not extend west beyond the currently known footwall plane.

South West Corner: There is also a significant portion of shallow mineralization in the southwest corner of pit 4 which has not been included in the current resource model in the 2019 Snowden Feasibility Study. 

Based on new geological/structural inputs, infill and step out drill holes were designed to extend and upgrade this mineralization (see Figure 4. “Series Sections towards South”).

There is an opportunity to mine the ore located at the pit wall between section 1810N to 1860N approximately within 50m strike corridor (sections ‘c’ to ‘e’). 

The mineralization in this area contains high and low grade oxide material according to assay results.

Figure 4: Series Sections towards South (in red interpretation for mineralisation boundaries).

The infill drilling results confirmed good continuity of moderately dipping mineralized structures at the southwest corner of Pit 4. 

Pit optimizations will now need to be run to include the results of this drill program. 

The mineralization is hosted in quartz stockwork within faulted and sheared tuffaceous sediment.

 

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