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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 May 31, 2023 8:14am
181 Views
Post# 35471892

My Earlier Forecast Production Quite Accurate

My Earlier Forecast Production Quite Accurate

 

" 950,000 tonnes of mill feed per year (about 3000 tpd)

... Mass deduction of 5% (i.e. 100 tonnes of ore are concentrated by a factor of 20 to 5 tonnes of concentrate).( actually 2.5 % which is even better )

..head grade of 1.95 grams per tonne (oxides removed).( 1.99 gms actual )

.... Yield of 85% ( looks like closer to 90% )

So we have 1.95 g/tonne. X 20 X 85% = 35 g per tonne, which is exactly the output reported today.

950,000 tonnes of overhead material is concentrated by a factor of 20 (ie mass haul of 5%) to produce 47,000 tonnes of concentrate containing 1.1 ounces of gold per tonne.

This results in about 52,000 ounces of gold per year contained in 47,000 tonnes of gold concentrate "
( will stand by this estimate as it is still as good as it gets, given calibration data of yesterday )

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