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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. 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. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.


TSXV:MMY - Post by User

Post by nozzpackon Sep 08, 2021 6:02pm
119 Views
Post# 33828892

Peranghi Grade Control Recovered Ounces

Peranghi Grade Control Recovered Ounces

Closely spaced Grade Control drilling to 10 m of depth have been removing  over burden cover from the high grades zones identified in 2020.

Todate , 4 starter pits have had their mining benches configured.


Since June 2020, the grade control drilling has continued throughout the defined Peranggih shallow mineralization area.

As of March 2021, a total of 39,978m was drilled indicating over 220kt @ 0.89 g/t Au being internally delineated as the mineralized portion of the overburden ( Approx 6500 ounces ).


101,644t @ 0.74 g/t for 2,423 oz Au was mined from Peranggih since then.

The remainder has been used to rebuild stockpile levels
 

In parallel, RC drilling continues at Peranggih to expand the mineralization and the company continues to feed the mill with Peranggih materials from overburden cover containing economic grades of gold.

The key question is when will grade control drilling cease and open pit mining begins ?



 

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