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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 May 19, 2022 2:46pm
96 Views
Post# 34696082

RE:RE:RE:RE:30 million WestGold Shares for Murchison

RE:RE:RE:RE:30 million WestGold Shares for MurchisonThere is no doubt that WestGold is still interested in our Murchison assets, as they were in late 2020.
However, Cathy is very difficult to deal with, although our efforts did get Tato onboard and the CEO to retire.
As is now obvious, long distance co-ordination of an exploration program from Vancouver to Western Australia is not working out well.
We still have not received assays for a small drilling program begun 6 months ago and at the latest report, we're still looking for a driller for the follow on phases.

Progress of our Aussie proxy ..ODY.. shows just how disadvantaged we are by long distance management .

Thats why I would accept $40 m in WGX shares , as the development of Murchison by WGX would shorten considerably the time to production which I would still benefit from by holding my WGX shares .
Otherwise, our Selinsing assets will suffer in their accelerated development , as those funds will be needed for Murchison.


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