MV Note; NWO Fed. Gov. has confiscated Gold coin, physicals
in the past but....
NOT gold mining stocks -
I prefer the 10 - 20 baggers. 
)
IMO!
Petrodollar System Breaking Down -
Oct 27, 2021
https://youtu.be/G1BJApg-ze4 Monument Mining Announces Results of Annual General Meeting of Shareholders October 28 2021 - 05:02PM
GlobeNewswire Inc.
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce the results from its Annual General Meeting of shareholders held on October 28, 2021 in Vancouver, B.C.
Resolutions tabled at the AGM as proposed in the Information Circular dated on September 27, 2021 include appointing Grant Thornton LLP as auditors and fixing the number of board members for the ensuring year at six, being Graham Dickson, Cathy Zhai, Zaidi Harun, Michael John Kitney, Dato’ Sia Hok Kiang, and Jean-Edgar de Trentinian. Each resolution and each nominee of the board of directors have been approved by a vast majority of the shares voted.
Graham Dickson, Chairman commented, “Our Board is working hard to ensure that the Company’s successful track record continues and this year demonstrates we have the right team to conquer all the challenges the future may hold for our employees, communities and shareholders.” For more information on these matters, please refer to Monument's
Information Circular, available on SEDAR (www.sedar.com) or visit our
website at
http://www.monumentmining.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.
Its experienced management team is committed to growth and is also
advancing the Murchison Gold Projects comprising Burnakura, Gabanintha
and Tuckanarra (20% interest) in the Murchison area of Western
Australia.
The Company employs approximately 200 people in both regions and is
committed to the highest standards of environmental management, social
responsibility, and health and safety for its employees and neighboring
communities. Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"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
$Rick Rule: A BIG Gold Shortage Is Coming Causing Gold's Price To 100X 6,662 views Oct 21, 2021
https://www.youtube.com/watch?v=dDzXx3TabbY $Monument Progresses Flotation Plant Construction at the Selinsing Gold Mine in Malaysia V.MMY
VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) --
https://www.monumentmining.com/news-media/news/ https://www.monumentmining.com/news-media/news/2021/monument-progresses-flotation-plant-construction-at-the-selinsing-gold-mine-in-malaysia/ https://www.monumentmining.com/news-media/news/2021/monument-reports-fourth-quarter-and-fiscal-2021-results/ Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to announce the progress on flotation plant construction at the Selinsing Gold Mine in Malaysia to produce saleable sulphide gold concentrates. The flotation plant construction includes: project management, project validation, flotation design and engineering, procurement, construction and commissioning.
Charlie Northfield, General Manager and the Project Sponsor at the Selinsing Gold Mine, commented: “I am thrilled to report that we are on schedule for construction completion in June 2022. To mitigate the risk of delays that might be caused by the Covid 19 pandemic from time to time, we are making our best efforts to advance deliverables ahead of the schedule. Our ability to move quickly is a testament to the capacity and experience of the on-site team. We will provide further updates on the flotation plant construction process in the weeks to come.”
Project Management
The project management team is led by the oversight board chaired by Cathy Zhai, President and CEO, comprising Project Sponsor, Project Manager, Project Controller and the Plant Manager as the end user. The procurement and engineering team on site are Selinsing employees. The majority of key project personnel participated in the existing Selinsing gold plant construction work back in 2008 to 2010. Six new employees will be recruited at different times in the construction and four personnel seconded from the existing Selinsing workforce.
Detailed Engineering Design
Following completion of independent flotation testwork and amendment of conceptual design of the flotation plant by Orway Mineral Consultants (“OMC”) (refer to July 6th 2021 news release), the contract for detailed engineering design was awarded to Mincore Pty Ltd. (“Mincore”), an Australia based engineering company.
The scope of work undertaken by Mincore included: the development of the 3D model of the flotation processing plant, preparation of equipment specifications and data sheets, and development of the control system for the new process equipment. Plant design aims to maximize gravity flow and to provide plant access for maintenance while allowing the current gravity / CIL plant operation to continue without interruption. The plant layout design allows for the future addition of the proposed BIOX® circuit and ancillary works.
Up to September 30th 2021 Mincore has achieved 80% completion of the design work. HAZOP design reviews have been carried out for the new process facilities to identify and mitigate any operational safety issues. Civil and structural drawings are scheduled for completion on October 31st 2021; mechanical and piping drawings will be issued for construction by November 30th 2021.
Lim Teck Chong, Flotation Plant Project Manager, commented: “The successful flotation testwork gave us the green light to proceed with all aspects of the development of the project. The detailed engineering design is approaching completion and the pilot plant is expected to be completed this month. Procurement, earthworks, and recruitment have all progressed as we ramp up and prepare for civil foundation work to begin.”
Figure 1 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b66d6a8e-baeb-42e5-ac8a-2ad921b4c613 Procurement
Procurement of long lead equipment items has been completed and contracts have been awarded for the supply of flotation cells, concentrate and water recovery thickeners, and the concentrate filter press. Technical and financial appraisals have been completed and contracts are being prepared for the air blowers, compressor, slurry pumps and 11kV/415V transformer. Procurement is continuing for the motor control centre, agitators, reagent pumps and plate work for conditioning and reagent tanks.
The flotation pilot plant has been delivered to site and is currently being set up at the research and development laboratory. The pilot plant features a ball mill and classifier, rougher/scavenger flotation cells and three stages of cleaner flotation to replicate the flowsheet of the full scale flotation plant. The pilot plant will be used for operator training, reagent trials, and for the preparation of concentrate samples for potential customers. The pilot plant is expected to be fully operational before the end of October 2021.
Risk control over the long lead items is focused on periodical inspection and shipping scheduling, which faces global challenges during the pandemic period.
Construction
Flotation construction includes: earthworks, civil engineering, structural engineering, mechanical and electrical installation and other associated plant upgrades.
Contractor Engagement: Suitably experienced Malaysian contractors have been shortlisted for the construction work according to discipline comprising: civil and structural, mechanical and piping, and electrical and instrumentation. Most of these contractors have worked on previous construction phases of the Selinsing operation. The contract has been awarded to reroute the power cables to the primary and secondary ball mills outside of the new flotation plant footprint to avoid any interference during construction work.
Civil Foundation Work: 75% of the earthworks have been completed for the plant foundations, and final excavations will be conducted once civil drawings have been issued for construction. Civil foundation work is expected to commence in early November, starting with the construction of the retaining wall extension, and followed by civil works in the flotation area, concentrate and water recovery thickeners and the filter press building. At the same time the foundations will be constructed for the new warehouse, reagents mixing and air services buildings.
Transition to Flotation
The production of flotation concentrate is expected to commence in July 2022 as soon as all of the flotation cells, concentrate thickener and filter press have been commissioned. In the current production schedule the CIL plant will continue operation until commissioning of the flotation plant commences. We will keep the production going as long as possible to generate cash flow primarily from Selinsing, Buffalo Reef pits and the Peranggih Prospect, provided that readers shall understand that there might be an interruption to production due to the Covid pandemic, and there might be volatility of production in transition to the new life of mine from the existing remaining life of mine.
During the period from late August to the beginning of October, while the CIL plant has continued operation throughout the time, the elution heat exchanger however has been offline after 10 years’ of service, and the spare was unexpectedly found to have failed. Gold pours were put on hold until October when the unit was re-built and back in service. A suitable replacement heat exchanger has been located in Kuala Lumpur and an order has been placed to secure this unit and delivery is awaited. The Company keeps its repair and maintenance program going to ensure sustained production as planned.
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. Its experienced management team is committed to growth and is also advancing the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra (20% interest) in the Murchison area of Western Australia. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"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
https://www.monumentmining.com/news-media/news/2021/monument-reports-fourth-quarter-and-fiscal-2021-results/ https://www.monumentmining.com/news-media/news/ Darkness Coming Dollar Falls – Bo Polny
By Greg Hunter On October 9, 2021 In Political Analysis 14 Comments
By Greg Hunter‘s USAWatchdog.com (Saturday Night Post)
https://usawatchdog.com/darkness-coming-dollar-falls-bo-polny/ Geo-political and financial analyst Bo Polny has long said “. . .
Nothing can stop these people aside from a Biblical intervention from
God.”
According to Polny’s Biblical cycle and timing charts, that’s exactly
what is likely going to happen by the end of the year.
It all centers around the value of the U.S. dollar.
Polny explains, “Bitcoin, years ago, was under a dollar.
Then it was a dollar.
Then it was ten bucks.
Then it was a hundred, and then it was a $1,000.
All they can do is keep bashing it with news and say how horrible it is.
Ultimately, the most horrible currency in the world is the U.S. dollar.
The U.S. dollar is the root of all evil.
Polny says America’s story is about to run parallel to the Bible story of Lazarus, who was brought back to life by Christ after four days buried in a dark tomb. Polny says, “In the United States right now, we have gone in the wrong direction. We have been controlled by evil, and so the United States must fall. This is going to be like the Baptism moment. You die to be reborn. So, the United States is about to fall, and it’s going to look horrible. It’s going to look like God has abandoned us. How do you think it looked for Lazarus when he was in the tomb? He was dead. Lazarus and the United States are playing similar rolls. These are cycles, and that which has been will be again. . . . I am going to continue with the story, and it all ties in with the dollar and the United States. Jesus said, ‘This illness (for Lazarus) does not lead to death.’ . . . The fall of the United States is for the glory of God so that the Son of man can be glorified through it. . . .When the United States falls, people are ultimately going to wake up. This is about waking up the church.”
When could this take place? Bo says, “I think sometime in November the United States goes dark. . . . The land will rumble. Power will stumble and evil will crumble. This is what’s coming, and these are the events that we are super close to seeing. This will lead into what is called ‘Hypnotic November’ and death to life. . . . The United States will be reborn to shine once again for all the world to see. . . . We have the great awakening coming, and this will cause gold and silver to lift. . . .The dollar is an instrument that is about to go down. Because it no longer has a contract with Saudi Arabia because Russia got one, it’s about to lose its world reserve status. It’s about to go down, and the question is have you positioned yourself for what’s about to happen?”
Polny goes on to say, “You want to talk about bondage? Look what happened with the election. All it was were bribes and payoffs and nothing more than that. They are trying to control the military . . . they control social media. You know they control FOX News and all the major news stations and everything. . . . This whole money system is disgusting. Each one of these categories is a gate to hell. They control everything to the gates to hell through their money system. The gates of hell shall not prevail.”
In closing, Polny says, “The money system we have today is not attached to gold, and it’s no longer attached to oil. It’s free floating, and the only thing that is holding it up is faith and confidence. How confident do you feel right now with what is going on in the United States? . . . A massive event is coming, and unless the dollar falls, nothing changes. Hollywood won’t change. The banking system won’t change. The media won’t change. Nothing will change. . . .Everything that was held up by the dollar is about to go down.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial analyst and Biblical cycle expert Bo Polny, founder of Gold2020Forecast.com. (10.09.21)
(This write-up is only a small sample. There is more in the 52 min. interview.)
(To Donate to USAWatchdog.com Click Here)
$Monument Mining (TSXV:MMY) PM Note; The sluggish jobs market
could pressure the Fed to forestall any radical departure from current
stimulus policies and add to market concerns over inflation.
Charlie Morris, the London-based publisher of the Atlas Pulse Gold Report,
says that inflation is proving to be “not so transitory…
and this is where silver comes in.”
“Many say silver is gold on crack,” he explains, “but that’s not
the whole story.
Gold responds to lower interest rates like the long bond, whereas
silver lags gold in that scenario.
Silver only responds when inflation expectations are rising, and
that’s when it really outperforms gold.”
He goes on to say that “silver loves inflation even more than gold …
If the spike move in inflation expectations continues, I would
reasonably expect silver to outperform gold from here.
But remember, silver is riskier and more volatile but does
the same job as gold over the long-term.”
bigone thanks; Default Hysteria: No Time To Panic; Time To Plan
12,206 viewsStreamed live on Oct 1, 2021
RonPaulLibertyReport
291K subscribers
https://www.youtube.com/watch?v=j7dKL52MJNE Analyst Brien Lundin offered a short overview of the technical factors
at play in the gold and silver markets and came away with a
cautiously positive outlook.
“For its part,” he writes, “silver never delivered the buy signal
that gold did, but seemed about to.
It remains in that state, still with a sell signal, but in the area
where we would expect a rebound.
That’s because, when monetary issues are driving the metals and
supportive of higher prices, gold and silver have tended to hit
these bottoms in the 14-week stochastic and quickly reverse higher.
So a rebound seems not only inevitable for fundamental reasons,
but perhaps imminent on the technical evidence. In fact, as we’re
putting this issue to bed, gold has bounced as much as $40.
Most of that gain came after Powell, in testimony before the House,
noted that the U.S. economy is ‘far away from full employment.’
Let’s grant that he’s also angling for re-appointment, but also
recognize that gold is at extremely oversold levels and therefore
primed for some sort of rally.”
These ‘sound money’ assets will ‘come back with a vengeance’ – Lawrence Lepard
97,876 viewsSep 21, 2021
Kitco NEWS
392K subscribers
https://www.youtube.com/watch?v=8VBrfn6l9Co $bigone Note; Let's see gold not just as real money but as
the “original” money.
Thus, gold is the measure of value for everything else – including
the US dollar.
“The US dollar, has lost somewhere between 98-99% of its
purchasing power over the past one hundred years.
When the gold price hit $2060 oz. last August, it was a
one hundred-fold increase over the past century and represented
a ninety-nine percent loss in US dollar purchasing power.
In inflation-adjusted terms, $2060 oz. in August 2020 is nearly
identical to $1895 oz. in August 2011.
Both peaks equate similarly to a ninety-nine percent loss
in US dollar purchasing power.
$Monument Reports Fourth Quarter and Fiscal 2021 Results
September 24, 2021
https://www.monumentmining.com/news-media/news/2021/monument-reports-fourth-quarter-and-fiscal-2021-results/ $Gross Revenue of $23.24 Million and Cash Cost of US$1,178/Oz
Vancouver, B.C., September 24, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the
“Company” today announced its annual financial results for the year
ended June 30, 2021.
All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented: “During this fiscal year,
Monument has focused on consolidating the asset portfolio by spinning
off the Mengapur base metal project and placing the Tuckanarra Gold
Project into a joint venture.
The restructured gold focused portfolio provides potential catalysts for
re-rating the share price going forward into fiscal 2022 and beyond for
our shareholders.
“For the same reason, as of June 30, 2021, we established a solid
financial position with $38.62 million in cash and cash equivalents on
hand.
The strengthened cash reserves allow us to support and implement the
corporate value creation strategies, especially to fund
the Selinsing gold treatment plant expansion and
exploration of Murchison.
Monument is open to all corporate development opportunities to optimize
our future growth and shareholders value moving forward”.
Ms. Zhai further commented: “With the continued challenges from the
global Covid-19 pandemic that caused more than six weeks mine shut down
during the year, Selinsing Gold Mine produced positive cash flow in
2021 from mining super-low grade ore, leachable sulphide ore and
Peranggih materials, which has brought our aggregated
Selinsing Gold Mine production to 325,509 ounces at an average cost of
$535 per ounce with gross revenue of $452.1 million, gross margin of
$279.3 million and net cash from production of $275 million.
Looking forward, our management team will continue to work hard with
the “Can Do” attitude and the philosophy of “being a doer” in
delivering our commitment to our shareholders.”
Fiscal 2021 Highlights:
Restructured assets to a gold focused portfolio by spinning out
Mengapur copper and iron project;
Two staged Selinsing gold plant conversion with the flotation plant
construction commenced and fully funded;
Murchison Project exploration strategized to test potential gold
discovery and upside;
Tuckanarra Joint ventured with Odyssey fast tracking
exploration and development;
Selinsing Gold Mine continued with leachable sulphide ore production transitioning to new life of mine
Fourth Quarter and Fiscal 2021 Production and Financial Highlights
https://www.monumentmining.com/news-media/news/2021/monument-reports-fourth-quarter-and-fiscal-2021-results/ Though the prospect of tapering has acted as a drag on the gold price
over the past several weeks, Gold Newsletter’s Brien Lundin believes
its reality will come as a relief.
“As you know,” he says in a recently issued advisory, “my view is
that the actual initiation of QE tapering could be a launching pad
for gold, much as the Fed’s initial rate hike in December 2015 ended
gold’s long bear market.
The actual removal of accommodation seems to also remove selling pressure
on gold from speculators betting on that event.
If so, then the expected catalyst isn’t long in coming.…
How they’re going to buy less Treasurys as Congress and the Biden
administration add trillions upon trillions in deficit spending is
beyond me, but my expectations have always been that the markets
won’t allow Powell & Co. to get very far down the road of policy
normalization anyway.
That underpins my long-term view that much higher gold and silver
prices are ahead.”
$News Releases - Monument Announces Completion of Upscaled Phase 1
Drilling in the Field at the Murchison Gold Project
September 20, 2021
Vancouver, B.C., September 20, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the
“Company” is pleased to announce the successful completion of an
upscaled Phase 1 18,000 metre air core (“AC”) and reverse circulation
(“RC”) drill program at its Murchison Gold Project in Western
Australia.
Highlights
Completion of 46 RC holes for 3,465 metres targeting the Munro Bore
Extension target as well as the FLC2 and FLC3 prospects, within the
Burnakura Project Area. Hole depths ranged from 40 to 160 metres and
were located outside of the current resource areas.
A total of 349 AC holes were completed for 10,484 metres focusing on
high quality structural targets defined from geophysical surveys in
areas of shallow cover.
The Munro Bore mineralized structure has an extension into Monument’s
tenement (“Munro Bore Extension”).
Geological mapping and interpretation of the completed drilling is in
progress, and subject to results obtained, follow up drill programs
will be planned.
All of the samples generated from the drilling have been delivered to
ALS Geochemistry, Perth, and results are expected to be received
between October and November 2021.
A drill program consisting of over 5,500 metres of combined RC and
diamond drilling (“DD”) targeting beneath open pits along the high-
grade North of Alliance (“NOA”) structure is at an advanced planning
stage and selection of a drill contractor is in progress.
Monument commenced its Phase 1 AC and RC drill program on July 3rd 2021
(as announced on July 20th 2021) and completed it by August 21st 2021
(Figure 1).
This first phase of drilling was designed to test new high quality
structural targets beneath cover for potential mineralization that may
lead to the identification of shallow stand alone or satellite gold
deposits to supplement the current resource base.
In addition, the drilling tested the strike continuation at Munro Bore
Extension that is adjacent to Munro Bore (not owned by Monument).
Munro Bore has estimated historical resources of 266,000t at 1.6g/t Au
(reported in “Technical Project Review and Independent Valuation Report
(Short Form)” prepared by Giralia Resources NL and reviewed by
Ravensgate Mining Industry Consultants in January 2011).
A total of 46 RC holes for 3,465m were completed against a plan of 12
holes for 1,260m, comprised of 1,301m for the planned Munro Bore
Extension and additional 2,164m for the FLC2 and FLC3 prospects that
was originally planned in the phase two.
It was brought forward to take advantage of increased drill rig
availability.
A total of 349 AC holes were completed for 10,484m at the Authaal East,
Burnakura South and Junction targets against a plan of 430 AC holes for
16,680m at Munro Bore Extension, Banderol South and Junction.
The targets were tested as planned except the eastern line of the
Junction target was not drilled due to steep terrain.
The depth to blade refusal was generally less than anticipated resulting
in fewer metres drilled than originally planned.
Drill holes were angled at 60 degrees and generally spaced at 25m with
lines spaced at between 400m to 950m.
https://www.monumentmining.com/news-media/news/2021/monument-announces-completion-of-upscaled-phase-1-drilling-in-the-field-at-the-murchison-gold-project/ $China Will Back Their Country's Digital Yuan With Gold
https://www.zerohedge.com/news/2021-08-25/china-will-back-their-countrys-digital-yuan-gold When it happen all countries have to follow -
POG $10,000.-/oz + + +
IMO!
With Monuments sufficient cash to cover all near term project
expenditures
)
and still have significant surplus for contingencies -
MMY are very well situated to begin adding cash from current and
near term project cash flows.
MMY's ex. balance sheet wise, is much better situated
than most junior gold producers -
Additions to Investors Link on Website
plans for second source of cash flows from second safe mining
Jurisdiction -
$Each Jurisdiction has exploration upside above 1 million ounces..
https://www.monumentmining.com/investors/ Additions to Murchison Gold Mines Project..3D Model -
is interesting of ex. those two very large early exploration high
grade targets at the northern margin of -
Burnakura gold mines properties and at its southern margins -
also the two in between ones are large gold properties
)
based on the 25 km scale.
The new 3D geology model demonstrates that;
Burnakura Gold mines exploration upside
are very large, even from new open pits mines -
and what MMY know from
its underground drilling explorations -
https://www.monumentmining.com/site/assets/files/4188/mmy_corporate_presentation-2021_04_08.pdf $bigone thanks; $Monthly BIG picture L@@K at $GOLD
proper TA schooled all the EXPERTS = REALITY
)
https://tinyurl.com/2vx5mz95 https://fisherpreciousmetals.com/83-analysts-believe-gold-will-go-parabolic-to-between-2500-and-15000/ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163835890 $Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new
great discovery of plenty more gold ore to increase
the ore reserve with good drilling results to be mined many future
years the weather is good no curtain needed -
)
$1,000th Gold Bar Pour Produced by MMY; Photo Gallery
) It's a great Mother ore start;
https://www.monumentmining.com/news-media/photo-gallery/ $Market Cap $46 mil. - No Debt - someone has to be kidding
)
is it the fact ???
What a Great Gold Mines bargain
)
MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered
)
Imo!
$Selinsing Gold Mine
The Selinsing gold mine is an operating high-grade gold mine at Bukit
Selinsing in Pahang State, Malaysia.
https://www.mining-technology.com/projects/selinsing-gold-mine/ 
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
VIEW PDF
https://www.monumentmining.com/news-media/news/ https://www.monumentmining.com 
News Releases
Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results
November 16, 2020
View PDF
Gross Revenue of $5.92 Million and Cash Cost of US$923/Oz
Vancouver, B.C., November 16, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
“Monument” or the “Company” today announced its first quarter
production and financial results for the three months ended
September 30, 2020.
All amounts are expressed in United States dollars (“US$”) unless
otherwise indicated (refer to www.sedar.com for full financial
results).
President and CEO Cathy Zhai commented:
“Fiscal 2021 started with new challenging as a global COVID-19
pandemic carried forward from fiscal 2020.
The Company has fully resumed its production in the first quarter
from eight-week’s mining ban at Selinsing in the first quarter,
the Selinsing Sulphide gold plant upgrade
is however still pending for financing.
“On the other hand, gold price surged to record high and
the gold mining sector was very active in Western Australia,
gold mining producers enjoyed high production margins, and
investment is flowing into that region for gold explorations.
The Company continues try hard to access to financing, and
it is very closely monitoring the market and looking for
divesting of base metal portfolio to
focus on primary gold assets, as well as
new corporate development opportunities
to lift up market value for the best
interest of its shareholders.”
First Quarter Highlights:
3,504 ounces (“oz”) of gold produced (Q1 2020:
4,852oz) with 3,100oz of gold sold for gross revenue of
$5.92 million (Q1 2020: 4,323oz of gold sold for
revenue of $6.34 million);
Gross margin of $3.06 million (Q1 2020: $2.65 million);
Average realized price per ounce, excluding prepaid gold sales, of
$1,909/oz (Q1 2020: $1,475/oz);
Cash cost per ounce of $923/oz (Q1 2020: $855/oz);
All-in sustaining costs per ounce (“AISC”) of $1,055/oz (Q1 2020:
$1,158/oz);
Peranggih grade control drilling after positive trial mining results
identified 58,662 tonnes at 0.93g/t Au materials;
Production resumed at Selinsing after lifting eight weeks mining ban in
last quarter during COVID-19 pandemic
Entering into a Tuckanarra JV arrangement with Odyssey subsequent to
the quarter opens corporate development opportunities in WA region.
First Quarter Production and Financial Highlights
https://www.monumentmining.com/news-media/news/2020/monument-reports-first-quarter-fiscal-2021-q1-2021-results/ Monument Mining (TSXV:MMY) Note...
RE:Substantial Increase in Gold ...Stage 1 open pit Peranghi
nozzpack @ sth. wrote:
Based on the 2017 GC drilling program which identified a high grade zone
measuring 150 m by 80 m in P North ( see Fig 1 in link below )
management estimated this this GC zone contained 20,000 to 30,000
ounces....see link to 2017 NR below.
The recently completed 5002 m GC drilling of this Zone elicited this
statement from management..
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted than
the initial assay results from 2017 GC drilling program
at the same area.
So in just this small zone, we now have
at least 31,000 to 47,000 ounces of
even higher grade gold within a lesser volume of ore.
I had earlier missed this implication .
They are now telling us that we have a significant new gold deposit
at Peranghi whose size will eventually describe
a substantially new oxide resource once P North and
the other 3 high grade zones are fully explored.
My earlier analyses of these 4 zones showed in
excess of 120,000 ounces.
This discovery completely alters the future perspective
for mining at Selinsing.....no rush
to fund Biox as we have new and
substantial sources of high grade oxides
for years to come
xxxxxxxxxxxxxxx
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be
extracted than the initial assay results
from 2017 GC drilling program at the same area.
A further GC drill program was planned;
The Peranggih phase 1 GC drill program was completed
during Q1 2021 with additional 1,466 meters drilled
bringing total drilling to 5,002 meters.
The drill program identified a;
total of 58,662 tonnes at 0.93g/t Au,
which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces,
63% higher gold grade, and
5.2% less tonnage gold materials to be extracted
than the initial assay results from
2017 GC drilling program at the same area.
A further GC drill program was planned,
see fig 1 at this link
https://www.monumentmining.com/news-media/news/2020/monument-announces-trial-mining-results-at-peranggih-gold-prospect-in-malaysia/ https://www.monumentmining.com/news-media/news/2017/monument-announces-encouraging-results-from-recent-drilling-at-new-gold-field-peranggih-project/ The recent 2017 close spaced RAB drilling program
was carried out at an historic mining site to
test 150m strike length x 80m width of the mineralization.
This allowed the accurate identification of
several high grade gold (HG) zones surrounded
by a main low grade (LG) halo.
The significant drill intersections;
(Au >2.0 g/t & >5m length) within a more
consistent high grade gold area are presented in
Table 1.
The full set of drill results for the holes intercepting
this HG gold mineralization occurrence are listed in
Appendix A and Appendix B.
Previous activities plus more recent exploration works,
totaling 1,700m for 21 trenches, 2,900m of Diamond Drilling (DD) and
Reverse Circulation (RC) drilling for
35 drill holes, and 2,800m of close spaced RAB drilling
for approximately 300 drill holes (completed in 2017)
have been used to outline an exploration
target of 20,000 to 30,000 oz Au contained
within 1 to 2 Mt @ 0.3 to 2.0 g/t Au.
The potential tonnages and grades are con
Gold & Silver bulls starting to break out > ^ > ^ > ^
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Ps.
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