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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 Nov 09, 2021 7:21am
112 Views
Post# 34103587

Phase 2 Drilling Outlook

Phase 2 Drilling OutlookPhase 2 gets us  among the mined pits and already partially drilled targets.

What should be remembed is that three mined pits were omitted from the 2018 43-101.

Those were Lewis and Reward and Banderol.

Kentors JORC estimates of the Inferred gold resources were 42,000 ounces for Lewis and Reward and 19,000 ounces for Banderol.

Recall the very high grades and potential 2-3 new pits discovered around the Lewis and Reward pits by Monument drilling but just sparsely drilled........and the Banderol apron and its exctension was tested in Phase ( from memory ).

So, it is possible that these 3 pits, drilled by Phase 2 at depth and in their extensions, could quickly add 100,000 - 150,000 ounces to current resources of approx 550,000 ounces, including JORC for Gaby.

High grades quickly boosts resources and the best place to find a new gold mine is near old gold mines.
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