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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMY - Post Discussion

Monument Mining Ltd > The Junction Discovery Could be Huge
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Post by nozzpack on Aug 16, 2023 6:12am

The Junction Discovery Could be Huge

        It is very significant and well worth noting that a total of 192 holes for 5,847m of AC drilling was done at the Junction discovery ( see copy and paste of 2022 NR below ).

That is was a flit and drill survey within 30 m of the surface ( 5847/192 ).

With Overburden being at least 10 m , this grade control like drill survey only penetrated the top 20 m or so of the deposit 


Yet an intersection of 3m at 10.2g/t Au from 22m downhole was returned from 21BNAC213, which included 1m at 27.3g/t Au as detailed below (Table 3).

And there was also ubiquitous low-level gold mineralization at depths shallower than 12 m  in the adjacent holes including 21BNAC211 (0m to 4m at 0.22g/t Au and 4m to 8m at 0.15g/t Au), 21BNAC212 (0m to 4m at 0.32g/t Au, 4m to 8m at 0.14g/t Au and 8m to 12m at 0.17g/t Au), 21BNAC213 (0m to 4m at 0.16g/t Au) and 21BNAC214 (4m to 8m at 0.11g/t Au).

Now.lets looks at the potential strike of this high grade shallow discovery and the highly significant Greenstone ( Banded Iron ) package containing this discovery.

The total width of the greenstone package varies from 100 m to 800m wide.

Geological mapping was completed along a north south line approximately 800m to the east of hole 21BNRC213. Structural measurements indicate that the foliation is dipping to the north at an average of 71 degrees with an average strike of 255 degrees.

Even more significant ,Three grab samples were collected from a quartz vein within a shear/fault structure that outcrops 800m northeast and along strike of hole 21BNAC213. The samples returned weakly anomalous results (best Au values of 0.10 and 0.11 g/t grades) and indicate that the mineralization in hole 21BNAC213 could be associated with a larger scale shear system.


 

In Summary, the 2022 shallow drilling Junction discovery has the potential to be a multimillion ounce gold discovery that could contain very high grade shallow oxides representative of the early outcrop gold discoveries in Murchison .

Contained within the same Greenstone banded iron formation as almost  all major discoveries in Murchison ( note Highway Zone of Tuckie ) the probablity of extensive follow up drilling confirming a new gold discovery is high imo .

Noteworthy also is the superb success of ODY using 3D seismics  to match drill results with seismic signatures 

xxxxxxxxxxxxxxxxxxxx


JUNCTION TARGET

This target represents a major confluence between an east-west oriented magnetic high and a north-south oriented magnetic high, which coincides with an apparent magnetic low.

A total of 192 holes for 5,847m of AC drilling were completed at the Junction target (Figure 3). A planned eastern most line was not drilled as the topography is steep and not suitable for a large drill rig.

Figure 3: Completed drilling at the Junction Prospect

A best intersection of 3m at 10.2g/t Au from 22m downhole was returned from 21BNAC213, which included 1m at 27.3g/t Au as detailed below (Table 3):

Table 3: Junction Best Intercepts

TARGET DRILLHOLE ID TYPE FROM (M) TO (M) LENGTH (M) AU (G/T)
Junction 21BNAC213 AC 22 25 3 10.2
  Including AC 22 23 1 27.3

There is also low-level gold mineralization in the adjacent holes including 21BNAC211 (0m to 4m at 0.22g/t Au and 4m to 8m at 0.15g/t Au), 21BNAC212 (0m to 4m at 0.32g/t Au, 4m to 8m at 0.14g/t Au and 8m to 12m at 0.17g/t Au), 21BNAC213 (0m to 4m at 0.16g/t Au) and 21BNAC214 (4m to 8m at 0.11g/t Au).

The mineralized intersection in 21BNAC213 is associated with a shear zone containing strongly sheared and sericite altered meta-sediments containing dark blue/grey quartz veins with very fine sulphides. The hanging wall lithology consists of a fine metasediment and the footwall consists of talc rich ultramafic.

The drilling at the Junction target intercepted narrow intervals of meta-sediments including minor banded iron formation horizons, mafic and ultramafic horizons, within a weak to moderately strained granite. The total width of the greenstone package varies from 100m to 800m wide. Geological mapping was completed along a north south line approximately 800m to the east of hole 21BNRC213. Structural measurements indicate that the foliation is dipping to the north at an average of 71 degrees with an average strike of 255 degrees.

Three grab samples were collected from a quartz vein within a shear/fault structure that outcrops 800m northeast and along strike of hole 21BNAC213. The samples returned weakly anomalous results (best Au values of 0.10 and 0.11 g/t grades) and indicate that the mineralization in hole 21BNAC213 could be associated with a larger scale shear system.

Comment by nozzpack on Aug 20, 2023 2:44pm
  I keep coming back to the potential of the Junction zone . This is alluvial overburden over greenstone which is ideally suited for high grade discoveries and on near perfect alignment with the near dozen or more open pit discoveries to the north . The high-grade intersection in 21BNAC213 is particularly significant because it is located in an area that is under this   ...more  
Comment by nozzpack on Aug 20, 2023 6:35pm
Alluvial civerdeposits form over time where a river runs, or has previously run through ground which is rich in gold. The erosive power of the water removes the surrounding rock due to its comparative low density while the heavier gold resists being moved. Alluvial cover usually forms over time where a river runs or previously ran through ground which is rich in gold. Sustained erosion of the ...more  
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