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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

Comment by nozzpackon Oct 25, 2021 12:57pm
92 Views
Post# 34045713

RE:RE:Phase 2 Drilling

RE:RE:Phase 2 Drilling

Actually, there are two underground lodes beneath pits 7/8
( see Fig below ) or really, the same lode extending both East..where it has not had much drilling..and West where drilling was concentrated in 2018.

The shallow part of the lode going east runs into NOA pits 1 through 6.

We know that underground lode gold has been intersected beneath NOA pi1 and pit 2 ( in between pits 3-6 are quite small ), so its possible that all of these pits are sourced from a single extensive under ground lode whose full extent at strike and depth has yet to receive intensive drilling.

If this turns out to be the case, we are in for a very pleasant surprise, as that arrangement is amenable to super pit mining.

That term was used by Monument in its initial description of NOA / ANA pits

xxxxxxxxxxxxxxxxxx
The deposit is still open at depth, and further additions are highly likely with a follow-up drilling extension program. The significant intercepts for all drilling at the NOA 7/8 drill program presented in Table 1 shows the great potential of mineral inventory expansion on the drilled target. The outcome of the drilling is encouraging, extending the known mineralization at depth and assisting in the understanding of mineralization and underground potential at NOA 7/8.

Figure 2 – Long Section for NOA 7/8 deep drilling, looking west, showing significant intercepts and interpretation for mineralization

The results in general show widths and grade that can be sued to assess underground mining opportunities. A follow-up drilling program is being designed to further extend the finalization at depth, to increase the confidence on the mineralization geometry and grades, encouraging further underground mining economic study. Figure 3 shows an example of core samples for mineralized zones, with assayed grade results.

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