Monument Mining Ltd. V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. 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. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.

TSXV:MMY - Post by User

Monument Mining Ltd.

<< Previous

Bullboard Posts

Next >>

Post by nozzpackon Jul 21, 2021 7:50am

116 Views

Post# 33580287

Munro Bore and Banderol Fault Junction and Current Drilling

The last great discovery at Burnakura was the NOA 1-8 pits which was based on the same geomagnetics as is now the case for the three new targets....Banderol South, Munro Bore extension and Junction ...plus additional new information from 3D geologic model

Target - Banderol South and Junction

Interpretation of the detailed aeromagnetic data over the Burnakura has enabled Monument to identify a secondary north-south structural splay deviating off the regional northeast trending BSZ. The orientation of this splay coincides with structural orientation of mineralized quartz veins within the Banderol open pit. The trend is interpreted to continue south from the Banderol open pit and is bounded by granodiorite to the west and a sequence of Archean Greenstone rocks consisting of felsic volcanics and mafic/ultramafics to the east (Figure 5).

Figure 5: Aeromagnetic image showing Banderol N-S suture, Munro Bore NE-SW structural trend with planned AC drill lines at the Banderol South target.

The known mineralized NE-SW structural zone extending from the deposit at Munro Bore is interpreted to intersect the N-S structure further south at the Junction target where an E-W trending magnetic high is observed (Figure 6). As the Greenstone lithologies approach the E-W trending magnetic high to the south and approach two granodiorite bodies they are interpreted to be dragged and deformed potentially creating extensional dilatational zones within the favorable host lithologies.

The Junction target area is structurally complex which increases the potential for fracturing and related gold bearing quartz vein formation. A regolith development of extensive sheet wash cover obscures the Archaean basement rocks and inhibits the use of surface geochemistry in this area. A sequence of AC drill holes are planned to assist in better defining basement geology and identify gold mineralization beneath cover.