Monument Mining Ltd V.MMY

Putting 2004 Ounces in its areal perspective

[nozzpack]

Following the success of trial mining completed in fiscal 2020, 5,002 meters of grade control (“GC”) drilling was commenced and completed at Peranggih by Q1, 2021, producing 2,493 samples.

The full assay report was received in early August. A total of 58,662 tonnes @ 0.93g/t Au containing 1,747oz Au were estimated from the completed GC assay, it would potentially increase a combined mining inventory to 72,111 tonnes @ 0.88g/t Au with 2,040oz contained Au.

Comparing to the initial assay results from 2007 GC drilling program at the same area, the new GC delineated indicates 54.2% higher contained ounces, 63% higher gold grade, and 5.2% less tonnage gold materials to be extracted.

So , just how big an area contained 2004 ounces.

Its fairly simple to calculate.

Specific gravity for these strata is about 2.5 tons per cu metre.

That is, 72111 tons is contained within 28,900 cu metres.

We know that these closely drilled holes are 10 m deep.

That means the sq area containing those 2004 ounces is 2890 sq metres which amounts to about 29000  sq feet.

Configuring to  average sixe building lot, that would be a residential lot   110 ft frontage and by 250 ft  long.

If you owned that lot down to a depth of 10 m, and it is in Peranghi ,you would have about $5,000,000 cad worth of gold.

Peranghi contains hundreds of these lots and there is gold down to 50 + metres.

Putting Peranghi's gold potential in laymans perspective...







 

[romara]

Too bad we didn't have competent,  honest mining people involved, in this mining project ..... Richard