- Intercepts 33.0 meters at 1.23 g/t Gold in Oxide and 13.5 meters at
3.83 g/t Gold in Sulfide -
VANCOUVER, Feb. 4, 2014 /CNW/ - Monument Mining Limited (TSX-V: MMY and
FSE: D7Q1) "Monument" or the "Company" today disclosed recent drill
results from its FY2013 Buffalo Reef gold exploration and delineation
drilling program in Malaysia. The best intercepts were 33.0 meters at
1.23 g/t gold in Oxide and 13.5 meters at 3.83 g/t gold in Sulfide.
"These results, which are consistent with those that have been
previously drilled, reported and modeled, show that we have
successfully targeted and identified additional oxide and gold
mineralization at Buffalo Reef," said Todd Johnson, VP Exploration for
Monument Mining. "We expect that our next NI 43-101 resource estimate,
anticipated in the spring of 2014, will show improved reserves and
resources in part because of the inclusion of these results."
Added Ian Bruce, Chief Managing Geologist for Monument Mining, "The
local Geology and Drilling staff continues to work hard to identify
additional near-mine mineralization at Buffalo Reef and Selinsing for
potential development. We continue to streamline the logging and
sampling process at site to help achieve a faster assay turnaround time
from the primary certified commercial labs."
Drilling continues to expand the mineralization at Buffalo Reef,
Selinsing, and the adjacent FELDA lands with two diamond drills owned
and operated by Monument. The drilling is focused within and adjacent
to the operating Buffalo Reef South open pit and north of the operating
Selinsing open pit gold mine.
ASSAY HIGHLIGHTS IN OXIDE
-
MBRDD048 intersected 33.0 meters assaying 1.23 g/t Au (includes 2.0m at 6.77
g/t) at Central Buffalo Reef
-
MBRDD063 intersected 7.3 meters assaying 2.37 g/t Au (includes 3.0m at 5.25 g/t)
at Central Buffalo Reef
-
MBRRC209 intersected 20.0 meters assaying 1.01 g/t Au at North Buffalo Reef
ASSAY HIGHLIGHTS IN SULFIDE
-
MBRDD022 intersected 13.5 meters assaying 3.83 g/t Au under the South Buffalo
Reef pit
-
MBRDD043 intersected 13.5 meters assaying 3.77 g/t Au under the South Buffalo
Reef pit
-
MBRRC210 intersected 4.0 meters assaying 5.51 g/t Au (includes 2.0 m at 10.25
g/t) at North Buffalo Reef
-
MBRRC253 intersected 4.0 meters assaying 4.12 g/t Au at Central Buffalo Reef
-
MBRRC246 intersected 10.0 meters assaying 1.62 g/t Au (includes 1.0 m at 3.91
g/t) at Central Buffalo Reef
Background on the exploration program
From October 2007 to December 31, 2013, a total of 438 diamond (DDH) and
reverse-circulation (RC) drill holes for 35,452 meters have been
completed at the two Buffalo Reef tenements MC 1/107 and MC 1/111
(excluding FELDA lands). The campaign is more fully described in the
table below:
Fiscal year
|
|
# Drill
Holes
|
Meters
Drilled
|
Type
|
2008
|
October 2007 to June 2008
|
126
|
8,725
|
RC
|
2009
|
July 2008 to June 2009
|
39
|
3,155
|
RC
|
2010
|
July 2009 to June 2010
|
2
|
212
|
DDH
|
2011
|
July 2010 to June 2011
|
2
|
217
|
DDH
|
2012
|
July 2011to June 2012
|
20
|
3,689
|
DDH
|
2013
|
July 2012 to June 2013
|
216
|
16,722
|
DDH/RC
|
2014
|
July to December 2013
|
33
|
2,732
|
DDH
|
Total
|
|
438
|
35,452
|
DDH/RC
|
Table 1 and 2 below list recently compiled, significant Buffalo Reef
drill hole assays received between April and December 31, 2013.
Complete tables of diamond and RC drilling results and drill hole
details along with maps showing Monument's Buffalo Reef drill hole
locations that are presented in this press release are posted on the
Company's website at www.MonumentMining.com.
The recently reported Buffalo Reef drill results have been targeting and
successfully identifying additional significant oxide and sulfide gold
mineralization at the Buffalo Reef North and Central-South deposits,
both laterally and below the location of the existing resource estimate
made as of August 31, 2012 NI 43-101 , which Monument hopes will extend
the project's life-of-mine. Another objective of the fiscal year (FY)
2013 and FY2014 drilling was to maximize the conversion of Inferred
Resources to Indicated or Measured classifications. The reported
sulfide drill hole intercepts in this press release occur down-dip of
the oxide intercepts and locally contain higher grade intervals.
The gold mineralization is hosted in a series of north-south and en echelon northeast-southwest striking quartz veins which dip moderately to the
east, within a north-south 4 km long structural-mineralized corridor.
The host rocks consist of an interbedded sequence of variably graphitic
phyllite, calcareous tuffaceous argillite, tuffaceous arenite, and
felsic tuff with cataclasite and locally mylonitic deformation. The
sulfide mineralization may contain quartz veins with pyrite,
arsenopyrite plus/minus stibnite as disseminations and veinlets.
In FY2014, an additional drill program using the two Monument-owned
diamond drilling rigs is currently underway in priority areas of all
tenements and is following up drilling results from FY2013. Assays for
another 66 drill holes drilled at Buffalo Reef in fiscal 2013 and
fiscal 2014 are pending and will be reported in the near future, along
with recently received assay results from Selinsing and the adjacent
FELDA land, which is located to the east of and between the Buffalo
Reef South and Central resource areas. For timing reasons the 66 drill
holes whose assays are pending will not be incorporated into the spring
2014 resource update but will be incorporated into a subsequent
resource update.
Quality Control
The scientific and technical information in this press release has been
compiled by Ian Bruce, Chief Managing Geologist for Monument Mining
Limited (M.Sc., AIG) who is a Qualified Person as defined by NI 43-101
guidelines and has been working in Malaysia for Monument since October
21, 2012. This press release has been reviewed by Todd Johnson (M.Sc.,
P.E.), Vice President of Exploration for Monument Mining Limited, who
is also a Qualified Person as defined by National Instrument 43-101
guidelines and has verified and approves of the scientific and
technical information in this press release.
Drill holes at Buffalo Reef are being sampled and logged at site in a
secured and fenced area within the mine site and the core facility is
locked during nonbusiness hours. Most of the drill hole samples are
shipped to SGS Malaysia at their Port Klang facilities for sample
preparation and analysis. SGS Malaysia is an accredited lab that
complies with ISO 17025:2005 requirements. The samples are dried,
crushed to 90% passing 4.0 mm and pulverized to 90% passing -75 microns
and analyzed for: Au fire assay (2 assay ton) using the FAA505
analysis method and ICP analysis (ICP-OES method) for Ag, As and Sb.
Some of the FY2013 Buffalo Reef drill holes were also prepared and
analyzed at certified labs in Jakarta, Indonesia (PT. Intertek), and in
Richmond, Canada (ACME) that follow similar sample preparation and
analysis protocols as listed above for SGS Malaysia.
The Buffalo Reef and Selinsing exploration and delineation drilling
programs includes a Quality Control and Quality Assurance (QAQC)
program that meet the present NI 43-101 guidelines. Certified Au
standards and non-certified blank materials are inserted approximately
every 20 drill samples into the sample sequence. In addition, every 1
in 20 RC drill hole sample intervals is prepared using a riffle
splitter and is submitted into the sample stream to the primary assay
lab as a secondary split duplicate "check". Duplicate coarse reject
(approximately every 1 in 40 samples) and pulp (approximately every 1
in 20 samples) drill hole samples are being dispatched from the primary
laboratories (SGS Malaysia Sdn. Bhd. and PT. Intertek, Indonesia) under
instruction by Monument to a secondary certified "umpire" assay lab
(ALS, Malaga, Western Australasia).
Assay results reported in this press release are drill thicknesses but
approximate true thickness as most drill holes are generally oriented
at a magnetic azimuth of 270 degrees with an inclination of 50 to 70
degrees (near perpendicular to the strike and dip of the mineralized
zones). All reported drill hole assay results in this press release
are generally associated with recoveries greater than 80 percent for
diamond drilling or greater than 40% for RC drilling.
Vote for Monument's incumbent board
Monument's incumbent eight-person board, which has been nominated for
re-election, intends to continue to grow the Company's profitable mines
in Malaysia and to advance its projects there and elsewhere, creating
sustainable and growing value for all shareholders.
Monument urges shareholders to vote for the incumbent board members and
allow them to continue to work for the benefit of all shareholders.
Vote the Management proxy to keep the dissident team off of the
Monument board. Don't let dissidents seize your company and take it in
unknown directions.
YOUR VOTE IS IMPORTANT
PLEASE VOTE USING ONLY MANAGEMENT'S PROXY TODAY!
Your vote is important regardless of the number of shares you own.
Monument encourages Shareholders to read the meeting materials in
detail. A copy of the Management Information Circular is available on
the Company's website at www.monumentmining.com or on SEDAR at www.sedar.com.
The board of directors of Monument recommends that Shareholders vote IN
FAVOUR of all proposed items.
Vote today FOR Monument's board using only Management's proxy
As time is of the essence, Shareholders are encouraged to vote via the
internet or by telephone by following the instructions found on the
proxy or voting instruction form.
The deadline to vote is February 5, 2014 at 9 a.m. (Pacific Time).
However, Shareholders are encouraged to vote 24 hours in advance of the
deadline to ensure their votes are received in a timely manner.
If a Shareholder has voted on the Dissident's proxy and would like to
change their vote to support Management, simply vote again using
Management's proxy. It is the later dated proxy which will count at the
Meeting. If Shareholders have already voted using Management's proxy, there is no
need to take further action. Please discard any proxy from the
Dissident group.
Shareholder Questions
Shareholders who have questions or have not received their proxy or
voting instruction form may contact the Proxy Solicitation Agent below:
Laurel Hill Advisory Group
Toll free: 1-877-452-7184 (416-304-0211 collect outside Canada and the
US)
Email: assistance@laurelhill.com.
About Monument
Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian
gold producer that owns and operates the Selinsing Gold Mine in
Malaysia, with production cash costs among the lowest in the world.
Its experienced management team is committed to growth and is advancing
several exploration and development projects in Malaysia, including the
development stage, Mengapur Polymetallic Project. The Company employs
330 people in Malaysia and is committed to the highest standards of
environmental management, social responsibility, and health and safety
for its employees and neighboring communities. In addition, the
Company's recent acquisition announcement of the Murchison Gold Project
located in Western Australia will add to its project pipeline and
diversify its single project cash flow source, country risk and
potential metal profile.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 910- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1
Table 1. Summary of Significant FY2013 and FY2014 Buffalo Reef Diamond
Drill Hole Intercepts Received as of December 31, 2013.
DHID
|
Tenement
No.
|
Hole Depth
(m)
|
Depth From
(m)
|
Depth To
(m)
|
Thickness
(m)
|
Au (g/t)
|
Mineralization
Type
|
MBRDD019
|
MC 1/107
|
203.0
|
67.50
|
68.30
|
0.80
|
1.18
|
Oxide + Sulfide
|
|
|
|
119.60
|
122.60
|
3.00
|
2.64
|
Sulphide
|
MBRDD020
|
MC 1/107
|
300.3
|
230.35
|
231.57
|
1.22
|
1.16
|
Sulphide
|
MBRDD022
|
MC 1/111
|
280.0
|
2.00
|
6.50
|
4.50
|
0.82
|
Oxide
|
|
|
|
60.20
|
61.20
|
1.00
|
2.85
|
Sulphide
|
|
|
|
143.00
|
147.00
|
4.00
|
1.29
|
Sulphide
|
|
|
|
149.00
|
162.50
|
13.50
|
3.83
|
Sulphide
|
|
|
|
189.50
|
191.00
|
1.50
|
4.94
|
Sulphide
|
MBRDD023
|
MC 1/111
|
200.0
|
128.30
|
129.30
|
1.00
|
0.99
|
Sulphide
|
|
|
|
155.20
|
158.30
|
3.10
|
1.03
|
Sulphide
|
|
|
|
162.80
|
165.30
|
2.50
|
2.46
|
Sulphide
|
|
|
|
171.70
|
172.60
|
0.90
|
0.82
|
Sulphide
|
MBRDD024
|
MC 1/111
|
200.0
|
112.10
|
117.50
|
5.40
|
0.67
|
Sulphide
|
|
|
|
134.50
|
139.60
|
5.10
|
0.67
|
Sulphide
|
|
|
|
148.70
|
153.50
|
4.80
|
0.91
|
Sulphide
|
MBRDD026
|
MC 1/111
|
150.5
|
23.90
|
25.40
|
1.50
|
0.63
|
Sulphide
|
|
|
|
104.00
|
105.50
|
1.50
|
1.60
|
Sulphide
|
|
|
|
108.40
|
114.60
|
6.20
|
0.77
|
Sulphide
|
MBRDD027
|
MC 1/111
|
150.5
|
78.60
|
80.00
|
1.40
|
0.90
|
Oxide + Sulfide
|
|
|
|
119.30
|
129.50
|
10.20
|
1.92
|
Sulphide
|
MBRDD028
|
MC 1/111
|
250.3
|
144.50
|
145.50
|
1.00
|
1.56
|
Sulphide
|
MBRDD029
|
MC 1/111
|
200.0
|
0.00
|
9.50
|
9.50
|
0.81
|
Oxide
|
|
|
|
68.70
|
69.60
|
0.90
|
1.25
|
Sulphide
|
|
|
|
105.80
|
107.00
|
1.20
|
1.08
|
Sulphide
|
|
|
|
127.50
|
128.50
|
1.00
|
2.21
|
Sulphide
|
|
|
|
138.50
|
149.00
|
10.50
|
1.17
|
Sulphide
|
|
|
including
|
143.00
|
144.50
|
1.50
|
3.59
|
Sulphide
|
MBRDD030
|
MC 1/111
|
251.0
|
122.00
|
122.70
|
0.70
|
7.49
|
Sulphide
|
|
|
|
133.20
|
137.00
|
3.80
|
1.80
|
Sulphide
|
|
|
|
193.60
|
195.10
|
1.50
|
1.70
|
Sulphide
|
MBRDD031
|
MC 1/111
|
192.5
|
146.60
|
153.50
|
6.90
|
1.53
|
Sulphide
|
|
|
|
162.50
|
173.80
|
11.30
|
1.50
|
Sulphide
|
MBRDD033
|
MC 1/111
|
100.0
|
56.00
|
57.20
|
1.20
|
1.44
|
Sulphide
|
MBRDD036
|
MC 1/111
|
50.0
|
0.00
|
14.30
|
14.30
|
4.91
|
Oxide
|
|
|
including
|
3.50
|
8.00
|
4.50
|
11.27
|
Oxide
|
MBRDD037
|
MC 1/111
|
70.0
|
0.00
|
11.00
|
11.00
|
1.13
|
Oxide
|
MBRDD039
|
MC 1/111
|
111.1
|
80.70
|
91.70
|
11.00
|
1.40
|
Sulphide
|
|
|
including
|
88.80
|
90.40
|
1.60
|
5.08
|
Sulphide
|
MBRDD040
|
MC 1/111
|
100.5
|
65.00
|
66.50
|
1.50
|
0.78
|
Sulphide
|
MBRDD041
|
MC 1/111
|
101.0
|
24.00
|
27.30
|
3.30
|
0.80
|
Sulphide
|
|
|
|
87.00
|
89.80
|
2.80
|
4.62
|
Sulphide
|
MBRDD043
|
MC 1/111
|
121.5
|
57.50
|
60.50
|
3.00
|
1.28
|
Sulphide
|
|
|
|
94.70
|
98.00
|
3.30
|
1.34
|
Sulphide
|
|
|
|
101.00
|
114.50
|
13.50
|
3.77
|
Sulphide
|
MBRDD045
|
MC 1/111
|
110.0
|
107.90
|
110.00
|
2.10
|
1.54
|
Sulphide
|
MBRDD046
|
MC 1/111
|
160.5
|
85.60
|
88.00
|
2.40
|
1.16
|
Sulphide
|
|
|
|
110.00
|
111.40
|
1.40
|
1.40
|
Sulphide
|
|
|
|
117.40
|
122.50
|
5.10
|
2.57
|
Sulphide
|
|
|
|
128.00
|
132.00
|
4.00
|
2.31
|
Sulphide
|
DHID
|
Area
|
Hole Depth
|
Depth From
(m)
|
Depth To
(m)
|
Thickness
(m)
|
Au (g/t)
|
Mineralization
Type
|
MBRDD047
|
MC 1/107
|
60.0
|
30.50
|
33.50
|
3.00
|
2.94
|
Oxide + Sulfide
|
|
|
|
38.70
|
39.50
|
0.80
|
0.75
|
Sulphide
|
|
|
|
51.30
|
53.00
|
1.70
|
1.63
|
Sulphide
|
MBRDD048
|
MC 1/107
|
60.0
|
8.00
|
41.00
|
33.00
|
1.23
|
Oxide
|
|
|
|
17.00
|
19.00
|
2.00
|
6.77
|
Oxide
|
MBRDD052
|
MC 1/107
|
80.0
|
53.50
|
57.10
|
3.60
|
2.12
|
Sulphide
|
MBRDD053
|
MC 1/107
|
65.0
|
3.50
|
6.50
|
3.00
|
0.57
|
Oxide
|
|
|
|
27.50
|
30.50
|
3.00
|
1.21
|
Sulphide
|
MBRDD054
|
MC 1/107
|
60.0
|
6.50
|
12.50
|
6.00
|
2.67
|
Oxide
|
MBRDD055
|
MC 1/107
|
80.0
|
30.60
|
37.50
|
6.90
|
1.13
|
Oxide + Sulfide
|
|
|
|
44.00
|
45.20
|
1.20
|
0.35
|
Oxide + Sulfide
|
|
|
|
48.50
|
50.50
|
2.00
|
1.05
|
Sulphide
|
|
|
|
52.90
|
56.60
|
3.70
|
0.81
|
Sulphide
|
MBRDD057
|
MC 1/107
|
50.0
|
27.50
|
35.00
|
7.50
|
1.13
|
Oxide
|
MBRDD058A
|
MC 1/107
|
101.0
|
32.00
|
33.50
|
1.50
|
0.55
|
Oxide
|
MBRDD059
|
MC 1/107
|
50.0
|
9.50
|
16.00
|
6.50
|
2.22
|
Oxide
|
MBRDD061
|
MC 1/107
|
50.0
|
0.00
|
5.00
|
5.00
|
3.55
|
Oxide
|
MBRDD062
|
MC 1/107
|
65.0
|
3.50
|
11.00
|
7.50
|
0.76
|
Oxide
|
|
|
including
|
8.00
|
9.50
|
1.50
|
1.78
|
Oxide
|
|
|
|
18.50
|
24.50
|
6.00
|
1.52
|
Oxide
|
MBRDD063
|
MC 1/107
|
65.0
|
9.50
|
16.80
|
7.30
|
2.37
|
Oxide + Sulfide
|
|
|
including
|
9.50
|
12.50
|
3.00
|
5.25
|
Oxide + Sulfide
|
MBRDD064
|
MC 1/107
|
189.0
|
0.00
|
2.50
|
2.50
|
0.71
|
Oxide
|
MBRDD069
|
MC 1/107
|
120.0
|
45.40
|
53.60
|
8.20
|
0.79
|
Oxide + Sulfide
|
|
|
|
67.90
|
69.50
|
1.60
|
1.33
|
Oxide + Sulfide
|
MBRDD071
|
MC 1/107
|
71.0
|
33.50
|
35.00
|
1.50
|
0.77
|
Sulphide
|
|
|
|
54.90
|
59.80
|
4.90
|
2.03
|
Sulphide
|
|
|
including
|
56.00
|
59.00
|
3.00
|
3.04
|
Sulphide
|
|
|
|
65.90
|
69.80
|
3.90
|
1.98
|
Sulphide
|
MBRDD083
|
MC 1/107
|
180.0
|
3.00
|
4.50
|
1.50
|
11.30
|
Oxide
|
MBRDD088
|
MC 1/107
|
101.0
|
75.50
|
91.50
|
16.00
|
1.11
|
Sulphide
|
MBRDD092
|
MC 1/107
|
40.0
|
26.50
|
35.00
|
8.50
|
1.12
|
Oxide + Sulfide
|
MBRDD105
|
MC 1/107
|
100.0
|
64.50
|
66.00
|
1.50
|
0.33
|
Oxide
|
Notes:
(1) Drill hole samples were assayed at certified labs: SGS in Port
Klang, Malaysia or PT. Intertek in Jakarta, Indonesia;
(2) Buffalo Reef diamond drill holes with no significant assays (<0.31
g/t Au in oxide and <0.62 g/t Au in sulfide mineralization):
MBRDD032, 038, 050, 056, 058, 060, 065-067, 070, 078, 081-082, 084-087,
089, 091, 093, 096-098, 100-104, 106, 109, and 110;
(3) All reported drill hole assay intercepts are generally associated
with >80% recovery except MBRDD037 (62%), MBRDD048
(68%), MBRDD057 (68%), MBRDD059 (63%), MBRDD062 (59%, 68%), MBRDD064
(64%), MBRDD083 (47%).
(4) Buffalo Reef diamond drill holes with assays in progress: MBRDD068,
072, 073, 075-077, 079, 080, 090, 094, 095, 099, 107,
108, 111-115, 118,120,123, 125, 127-128, 130, 132, 135, 137-138, 140,
141, 143-146, 148, 150-151, 153, 155, 157, 160,
278-280, 282, 320, 324-340, and 349-350;
(5) Mineralisation is described as "Oxide + Sulfide" if geological
logging indicates that the relevant interval contains alternating
zones of oxidised and fresh rock, or is oxidised rock containing some
sulphide minerals below the base of pervasive oxidation.
|
Table 2. Summary of Significant FY2013 and FY2014 Buffalo Reef Reverse
Circulation Drill Hole Intercepts Received as of December 31, 2013.
DHID
|
Tenement
No.
|
Hole Depth
(m)
|
Depth From
(m)
|
Depth To
(m)
|
Thickness
(m)
|
Au (g/t)
|
Mineralization
Type
|
MBRRC182
|
MC 1/111
|
60.0
|
0.00
|
3.00
|
3.00
|
0.61
|
Oxide
|
MBRRC184
|
MC 1/111
|
60.0
|
19.00
|
24.00
|
5.00
|
1.38
|
Oxide
|
MBRRC186
|
MC 1/111
|
51.0
|
17.00
|
19.00
|
2.00
|
3.21
|
Oxide
|
|
including
|
|
18.00
|
19.00
|
1.00
|
5.98
|
Oxide
|
|
|
|
20.00
|
25.00
|
5.00
|
9.43
|
Sulphide
|
|
|
|
36.00
|
37.00
|
1.00
|
0.63
|
Sulphide
|
MBRRC187
|
MC 1/111
|
60.0
|
0.00
|
9.00
|
9.00
|
1.94
|
Oxide
|
|
|
|
17.00
|
25.00
|
8.00
|
2.51
|
Oxide + Sulfide
|
|
|
|
25.00
|
27.00
|
2.00
|
3.63
|
Sulphide
|
MBRRC191
|
MC 1/111
|
46.0
|
23.00
|
24.00
|
1.00
|
0.88
|
Sulphide
|
MBRRC195
|
MC 1/111
|
50.0
|
4.00
|
6.00
|
2.00
|
1.90
|
Oxide
|
|
|
|
15.00
|
17.00
|
2.00
|
0.65
|
Oxide
|
MBRRC200
|
MC 1/111
|
60.0
|
4.00
|
9.00
|
5.00
|
1.66
|
Oxide
|
MBRRC208
|
MC 1/107
|
30.0
|
0.00
|
3.00
|
3.00
|
0.88
|
Oxide
|
MBRRC209
|
MC 1/107
|
80.0
|
7.00
|
27.00
|
20.00
|
1.01
|
Oxide
|
|
including
|
|
7.00
|
8.00
|
1.00
|
3.02
|
Oxide
|
MBRRC210
|
MC 1/107
|
50.0
|
37.00
|
41.00
|
4.00
|
5.51
|
Sulphide
|
|
including
|
|
37.00
|
39.00
|
2.00
|
10.25
|
Sulphide
|
MBRRC211
|
MC 1/107
|
50.0
|
26.00
|
27.00
|
1.00
|
0.66
|
Oxide
|
|
|
|
39.00
|
42.00
|
3.00
|
0.73
|
Oxide
|
MBRRC212
|
MC 1/107
|
54.0
|
29.00
|
43.00
|
14.00
|
0.59
|
Oxide
|
|
including
|
|
32.00
|
37.00
|
5.00
|
1.07
|
Oxide
|
MBRRC214
|
MC 1/107
|
35.0
|
1.00
|
4.00
|
3.00
|
0.64
|
Oxide
|
MBRRC216
|
MC 1/107
|
45.0
|
4.00
|
5.00
|
1.00
|
0.92
|
Oxide
|
MBRRC219
|
MC 1/107
|
65.0
|
61.00
|
62.00
|
1.00
|
1.29
|
Sulphide
|
MBRRC220
|
MC 1/107
|
90.0
|
0.00
|
3.00
|
3.00
|
2.77
|
Oxide
|
|
|
|
8.00
|
9.00
|
1.00
|
1.44
|
Oxide
|
|
|
|
87.00
|
89.00
|
2.00
|
0.65
|
Sulphide
|
MBRRC222
|
MC 1/107
|
50.0
|
5.00
|
8.00
|
3.00
|
0.47
|
Oxide
|
|
|
|
8.00
|
15.00
|
7.00
|
1.10
|
Oxide + Sulfide
|
MBRRC224
|
MC 1/107
|
60.0
|
44.00
|
49.00
|
5.00
|
2.03
|
Sulphide
|
|
including
|
|
44.00
|
45.00
|
1.00
|
6.02
|
Sulphide
|
|
|
|
55.00
|
57.00
|
2.00
|
1.58
|
Sulphide
|
MBRRC225
|
MC 1/107
|
50.0
|
31.00
|
32.00
|
1.00
|
0.43
|
Oxide
|
MBRRC232
|
MC 1/107
|
25.0
|
14.00
|
19.00
|
5.00
|
1.99
|
Oxide
|
|
|
|
22.00
|
23.00
|
1.00
|
3.20
|
Oxide + Sulfide
|
MBRRC233
|
MC 1/107
|
70.0
|
2.00
|
8.00
|
6.00
|
0.75
|
Oxide
|
|
including
|
|
7.00
|
8.00
|
1.00
|
2.59
|
Oxide
|
MBRRC236
|
MC 1/107
|
60.0
|
36.00
|
43.00
|
7.00
|
1.25
|
Oxide
|
|
including
|
|
36.00
|
38.00
|
2.00
|
3.06
|
Oxide
|
|
|
|
47.00
|
50.00
|
3.00
|
2.23
|
Sulphide
|
MBRRC237
|
MC 1/107
|
40.0
|
20.00
|
22.00
|
2.00
|
0.70
|
Oxide
|
|
|
|
27.00
|
30.00
|
3.00
|
1.56
|
Sulphide
|
MBRRC238
|
MC 1/107
|
65.0
|
32.00
|
33.00
|
1.00
|
1.22
|
Oxide
|
MBRRC240
|
MC 1/107
|
60.0
|
1.00
|
4.00
|
3.00
|
3.63
|
Oxide
|
MBRRC245
|
MC 1/107
|
60.0
|
35.00
|
42.00
|
7.00
|
2.04
|
Sulphide
|
|
including
|
|
39.00
|
40.00
|
1.00
|
5.38
|
Sulphide
|
|
|
|
56.00
|
57.00
|
1.00
|
0.75
|
Sulphide
|
|
|
|
|
|
|
|
|
DHID
|
Tenement
No.
|
Hole Depth
(m)
|
Depth From
(m)
|
Depth To
(m)
|
Thickness
(m)
|
Au (g/t)
|
Mineralization
Type
|
MBRRC246
|
MC 1/107
|
60.0
|
45.00
|
46.00
|
1.00
|
0.75
|
Sulphide
|
|
|
|
50.00
|
60.00
|
10.00
|
1.62
|
Sulphide
|
|
including
|
|
53.00
|
54.00
|
1.00
|
3.91
|
Sulphide
|
MBRRC248
|
MC 1/107
|
60.0
|
40.00
|
45.00
|
5.00
|
2.21
|
Oxide + Sulfide
|
MBRRC249
|
MC 1/107
|
30.0
|
23.00
|
24.00
|
1.00
|
0.70
|
Oxide
|
MBRRC252
|
MC 1/107
|
50.0
|
15.00
|
34.00
|
19.00
|
0.62
|
Oxide
|
|
|
|
31.00
|
32.00
|
1.00
|
4.05
|
Oxide
|
|
|
|
43.00
|
45.00
|
2.00
|
2.43
|
Oxide
|
|
|
|
48.00
|
49.00
|
1.00
|
0.32
|
Oxide
|
MBRRC253
|
MC 1/107
|
40.0
|
7.00
|
10.00
|
3.00
|
2.05
|
Oxide
|
|
|
|
13.00
|
16.00
|
3.00
|
1.07
|
Oxide + Sulfide
|
|
|
|
28.00
|
32.00
|
4.00
|
4.12
|
Sulphide
|
|
|
|
39.00
|
40.00
|
1.00
|
3.40
|
Sulphide
|
MBRRC269
|
MC 1/107
|
80.0
|
23.00
|
25.00
|
2.00
|
1.95
|
Oxide
|
Notes:
(1) Drilling samples were assayed at: the certified lab SGS in Port
Klang, Malaysia, and some at the Selinsing internal lab;
(2) All reported RC drill hole assay intercepts are generally
associated with >40% recovery by weight relative to the theoretical
mass of the RC drilled interval
(3) Buffalo Reef RC drill holes with no significant assays (<0.31 g/t Au
in oxide and <0.62 g/t Au in sulfide ores): MBRRC181,
183, 189, 190, 193, 194, 196-198, 201-205, 207, 213, 215, 217, 218, 221,
223, 226-231, 234, 235, 239, 241-244, 247, 250, 251,
254-260, 264, 267, 270;
(4) Buffalo Reef RC/Diamond drill holes with no significant assays
(<0.31 g/t Au in oxide and <0.62 g/t Au in sulfide ores):
MBRRD261-263, 271, 272;
(5) Buffalo Reef RC drill holes which failed QAQC tests at the Selinsing
in-house laboratory: MBRRC185, 188, 192, 199, 250;
(6) Buffalo Reef RC drill holes with significant assay intervals but
insufficient recovery to be reported: MBRRC190, 217, 234, 239,
254, 257, and 259.
(7) Buffalo Reef RC or RC/Diamond holes with assays still in progress:
MBRRD265, 266, and 268.
(8) Mineralisation is described as "Oxide + Sulfide" if geological
logging indicates that the relevant interval contains either
alternating zones of oxidised and fresh rock, or is oxidised rock
containing some sulphide minerals below the base of pervasive
oxidation .
|
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
Forward-Looking Statement
This news release includes statements containing forward-looking
information about Monument, its business and future plans
("forward-looking statements"). Forward-looking statements are
statements that involve expectations, plans, objectives or future
events that are not historical facts and include the effect the
Company expects drill results to have on future resource estimates and
the Company's plans with respect to its mineral projects and the timing
and results of proposed programs and events referred to in this news
release. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". The forward-looking
statements in this news release are subject to various risks,
uncertainties and other factors that could cause actual results or
achievements to differ materially from those expressed or implied by
the forward-looking statements. These risks and certain other factors
include, without limitation: risks related to general business,
economic, competitive, geopolitical and social uncertainties;
uncertainties regarding the results of current exploration activities
and the interpretation of those results; uncertainties in the progress
and timing of development activities; foreign operations risks; other
risks inherent in the mining industry and other risks described in the
management discussion and analysis of the Company and the technical
reports on the Company's projects, all of which are available under the
profile of the Company on SEDAR at www.sedar.com. Material factors and
assumptions used to develop forward-looking statements in this news
release include: the Company's expectation that drilling results will
increase future resource estimates; expectations regarding the
estimated cash cost per ounce of gold production and the estimated cash
flows which may be generated from the operations, general economic
factors and other factors that may be beyond the control of Monument;
assumptions and expectations regarding the results of exploration on
the Company's projects; assumptions regarding the future price of gold
of other minerals; the expected timing and results of development and
exploration activities; costs of future activities; capital and
operating expenditures; success of exploration activities; mining or
processing issues; exchange rates; and all of the factors and
assumptions described in the management discussion and analysis of the
Company and the technical reports on the Company's projects, all of
which are available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Monument Mining Limited