RE: New Press Release - Monument Completes Phase 2 Drilling ProThese are very impressive deep drilling results beneath the North Alliance pits , obtained via a few strategically placed holes that have clearly demonstrated and confirmed the expected existence of high grade gold lodes af depths in excess of 400 metres below the open pits.
In addition,at NOA 7-8 , the high grade basement lode has been extended deeper and farther north, again much as expected but now confirmed.
In fact, almost all of the area beneath these 8 North Alliance pits remains open at depth and strike.
Further drilling is being planned both infill and strike extensions .
Big Bell is currently being mined on these lodes that have been confirmed as deep as 1300 m.
The significance of all of these impactive drill results from just a few deeper holes at North Alliance is
that there exists continous basement gold lodes from Pit #1 to and North of pit #8 which are open at dip and strike.
These findings confirm that Burnakura mimics and is probably just as prospective as what WestGold
is currently mining beneath its dozens of pits just a few Kms away.
We are only a few thousand meters of hop scotch flittering drilling into the major portions of planned drilling at Burnakura and Gabbie .
Yet, already we have confirmatory resukts that the eventual resource levels of our Murchison tenements could be multiples of the current 500,000 ounces or so.
For a prospective buyer, the appetite is further whetted..