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$Monument Mining Ltd. TSXV:MMY & MMTMF RE:Gold Price - This may be the time .
The USD is now worth just 1 cent of what it was worth in 1971.
Gold has been the back up currency for 5000 years and its turn has now arrived .
The US economy is already in recession and QE will soon resume..
RE:First Quarter Financials
It was released on Nov 29 of 2022.
It should be a watershed report as it will identify exactly how far along the new FP
is to sustainable gold production at forecast Brest plate capability .
75% would be very favorable ..
by nozzpack
$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
WATCH
https://www.bitchute.com/video/ePabMYIGyaoh/
$GOLD HUGE! This Is the BIGGEST $Gold News in 50 Years, It's Time to Go All-In - Andy Schectman
Finance Log
15.8K subscribers
We really appreciate you sharing the pictures with us. Thank you NYBob.
Welcome Some good pics from the plants -
https://monumentmining.com/news-media/photo-gallery/
Outstanding news! Thanks for sharing NYBob.
Post by nozzpack on Nov 10, 2023 6:22am
Major Drilling News..ODY hits Bonanza Gold beneath Turnie Pi
There is no doubt now that they will prove up a multimillion gold resource at Turnakura.
These drill resukts and the massive size of the Highway Zone ensures that outcome .
And our Tumblegum is on strike with Highway..
https://stockhouse.com/companies/bullboard/v.mmy/monument-mining-ltd?threadid=35727731
xxxxxxx
DIAMOND DRILLING INTERSECTS HIGHWAY ZONE 80 METRES BELOW EXISTING RESOURCE
Odyssey Gold Limited (ASX:ODY) (“Odyssey” or “Company”) is pleased to announce results of diamond (“DD”) drilling into the high-grade mineralised shoot at Highway Zone on the Company’s Tuckanarra JV Gold Project (“Project”) in the Murchison Goldfields of Western Australia.
HIGHLIGHTS
• Two holes completed in follow-up DD drilling program to test the depth extension of the high-grade Highway Zone shoot.
• Both holes successfully intersected the Highway Zone structure:
o 7.35m@9.5g/tAufrom271.65mincluding3.25m@20.6g/tAufrom274.25m(CBRCD0151) o 6.2m@2.2g/tAufrom290.9m(CBDD0168)
• Importantly, the results are 80m below Odyssey’s existing shallow Mineral Resourcei of 5.32Mt for 376koz at 2.2g/t Au (cutoff >0.9g/t and less than 180m below surface).
• Previous RC drilling identified a compelling high-grade shoot, open at depth – indicating strong potential to add high-grade underground resources to existing open pit resource.
• High predictability of structure and shoot controls allowed for a 120m step off below previous drilling (and 80m below existing Mineral Resource).
• Downhole electromagnetic (“EM”) surveying of first two holes has been completed and will be used to guide additional drilling along strike and down plunge.
• Previous high-grade fresh rock results at Highway Zone include: o
11m@7.8g/tAufrom199mincl.6m@13.8g/tAu(CBRC0056)ii o 12m@6.5g/tAufrom132m(TCKRC0100)iii
o 11m@8.4g/tAufrom133mincl.6m@13.9g/tAu(CBRC0152)iv o 11m@4.3g/tAufrom141mincl.2m@21.6g/tAu(CBRC0141)v
• Highway Zone is one of several high-grade targets within the Project that provides scope for potential resource expansion.
Commenting on this new phase of diamond drilling at Highway Zone, the Company’s Managing Director, Matt Briggs said:
“Odyssey’s geologists have generated a robust model of stratigraphic and structural controls of mineralisation at the Highway Zone.
The mineralisation is very predictable allowing us to successfully intersect the Highway Zone with diamond drilling up to 120m below previous drilling and 80m below the existing resource.
These are the deepest two intersections ever drilled on the mining lease.
“The intersections are 80m below the open pit resource demonstrating the potential for the rapid growth of underground resources on the mining lease in addition to the existing 376koz open pit resource announced in August.
“The Highway Zone has consistent thick oxide intersections at surface. Extending beneath the oxide are high grade veins with strong plunge continuity as typical of deposits in the district.
This is the first of a number of advanced underground targets to be tested in the Project area.”
Figure 1 - Highway Zone schematic long section with recent results highlighted in yellow
For further information, please contact:
Matt Briggs
Managing Director: +61 8 9322 6322 info@odysseygold.com.au
0 # Views - Click to view69
Comment
https://stockhouse.com/companies/bullboard/v.mmy/monument-mining-ltd?threadid=35727731
Bullish
BULLISH
This could be the start of liftoff?
$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
WATCH
https://www.bitchute.com/video/ePabMYIGyaoh/
$GOLD HUGE! This Is the BIGGEST $Gold News in 50 Years, It's Time to Go All-In - Andy Schectman
Finance Log
15.8K subscribers
The Force is building. We could use big market support now. Get the word out worldwide.
bigone - CAN YOU FEEL THE FORCE -
WATCH
https://www.bitchute.com/video/gumnUhUSNfGK/
Said: Mark thanks, I see you got it;
trading at 12 cents a share is going to benefit from the move in gold?
They appear to have fancy equipment but I don't see where they are positioned
to make much without market attention. And they need some market makers involved...
I agree, its needed and overdue ) maybe great opportunity for some who know how to )
Great $GOLD Low Cost Producer - $Monument Mining Ltd (MMY) (MMTMF) It's Finally Happening! Is This What's Happening -
With Gold Prices -
$GOLD - This is Huge! Gold Will Easily Surpass $5k When This Happens - Bill Holter
Finance Log
15.6K subscribers
Thanks NYBob. Seems to be building for some big results.
$Monument Mining Ltd (MMY) (MMTMF) It's Finally Happening! Is This What's Happening -
With Gold Prices -
Andrew Maguire
Finance Log in October 2023,
15.1K subscribers
$Monument Mining Ltd (MMY) (MMTMF) It's Finally Happening! This Is What's Happening With Gold Prices
in October 2023, Andrew Maguire
Finance Log
15.1K subscribers
NYBob, Do you think that we can achieve by year end 2024 AISC of $1,200 US? Or, if not then, ever?
$Monument Mining Ltd (MMY) (MMTMF) It's Finally Happening! This Is What's Happening With Gold Prices
in October 2023, Andrew Maguire
Finance Log
15.1K subscribers
Like a ticking time bomb getting ready to blow?
Gold premiums in Moscow and Shanghai will bust Comex, Maguire says
11:45p ET Saturday, October 7, 2023
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" program this week has London metals trader Andrew Maguire asserting that substantial premiums for gold in the Moscow and Shanghai markets continue to draw bullion out of the West, where the gold price is suppressed by official policy, and eventually will bust the New York Commodities Exchange's gold futures business. Maguire adds that speculators now are the big shorts in gold futures and that all major bullion banks have gone long.
The program is 38 minutes long and can be viewed at YouTube here:
Thanks for sharing NYBob. Another major step made. Still some alterations to be made. New Years could see Monument sitting very pretty?
Monument Achieves Commercial Production at Selinsing Gold Mine
September 22, 2023
View PDF
Vancouver, B.C., September 22, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce that commercial production has been achieved at the Selinsing Gold Mine in Malaysia that has operated 30 days consecutive production of gold concentrate at 90% of designed capacity.
Cathy Zhai, President and CEO of Monument Mining commented: “We are very pleased to announce this landmark event at the Selinsing gold mine. After 12 years gold bullion production that generated positive cash flow, now the Gold Sulphide Project will continue the legacy, based on such we move forward to the Murchison Gold Project and the corporate development as well. We thank the Monument Mining team and contractor partners for their dedication and hard work to achieve this commercial production milestone.”
Figure 1: Selinsing Flotation Plant at Night
Commercial Production Update
The throughput of the sulphide gold treatment plant achieved 90% of design capacity for the 30-day period up to August 16, 2023, thereby achieving the requirement for commercial production. Mill availability during this period was 94% and flotation mass pull was acceptable at 3.4% vs design of 3.5%. As a result concentrate production was at 79 tonnes per day in line with the designed protocol, considered satisfactory given the variability of the transition ore processed.
Flotation gold recovery was somewhat inconsistent due to the high clay content of freshly mined transition ore and the processing of stockpiled transition ore mixed with oxides that gave very poor flotation response. Daily recoveries in excess of 80% were recorded but overall gold recovery of 61.4% was reported for the 30-day period up to August 16, 2023. Optimization of the flotation reagent suite continued with particular attention to the addition of soda ash for pH control, potassium amyl xanthate as flotation collector and sodium hexametaphosphate as slimes depressant. Issues experienced with the flotation air blowers were resolved after troubleshooting by Atlas Copco technicians.
Frequent failure of the pressure filter cloths continues to be an issue. New higher permeability filter cloths have been sourced from local and international vendors as well as from the filter press supplier McLanahan in the US. The lead time for filter cloth orders is not acceptable for a six-month period. The Company has communicated with the supplier to resolve this issue while alternative suppliers are selected. Replacement filter plates have also been ordered from McLanahan to replace those that have worn prematurely, and Regular cleaning of filter cloths and plates improved the overall efficiency of the filter press operation.
Construction of the concentrate shed was completed.
Gold Concentrate Shipments and Sales
To date the flotation plant has produced over 9,100 dry metric tonnes (“DMT”) of gold concentrate at an average grade of 37.5 g/t Au.
Offtake agreements have been signed with selected buyers and a total of 6,550 DMT of concentrate shipment are currently in progress. The Company has obtained export permits for all selected buyers, renewable every six months. The sales and logistics teams are organized, trained and the documentation and control process including security system has also been developed.
Mining Update
Mining of Buffalo Reef Stage 1 BRC2 and BRC3 pits have continued with both transition and fresh ore delivered to the ROM pad. Extended hours have been introduced for waste drilling and mining. Objective of mining is set to accelerate daily mining rate and build up enough stockpiles before Monsoon season.
A new grade control drill rig was delivered in August 2023 and ten rigs are now on site. The drilling contractor has mobilized additional drillers and initiated training of drill offsiders to facilitate extended drill hours.
Construction of the explosive depot was completed, and the facility commissioned in July 2023 to accommodate shortage of explosive deliveries. A 13-tonne capacity emulsion tanker has been based at the mine site and blasting has been carried out on up to five days per week depending on drilling progress.
The old core shed has been converted to an expanded sample preparation facility capable of processing up to 700 grade control samples per day. The new facility was successfully commissioned, and new technicians have been recruited to handle the increased workload. New pulverisers have been ordered and the first unit was delivered in early September 2023.
Figure 2: Mining at Selinsing Gold Mine
Process Improvements
Ongoing effort has been devoted to further improve the performance of the concentrate plant.
New HDPE pipework was installed for the concentrate thickener underflow pipeline. Pumps from the previous CIL operation have been repurposed for the concentrate thickener overflow. Larger diameter pipelines were ordered for the concentrate thickener overflow and for the flotation cleaner concentrate.
Design work was completed for the concentrate launders and the new flotation rougher tailings hopper with associated structural, civil, mechanical and piping works. Tender quotations were requested from various local engineering companies for these process improvements and contracts are in preparation for the successful tenderers.
Risks
Operation risks in related to mining and processing processes are under continuous evaluation to improve the performance. The Company closely monitors uncontrollable risk factors with operation of the flotation plant including but not limited to, change of market conditions, change of gold prices, operation risks including critical parts shortages, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 220 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.”
Disclaimer Regarding Forward-Looking Statements
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,
Monument Mining Limited (MMY : MMTMF) is a Canada-based gold producer and mining asset developer.
The Company owns and operates the Selinsing Gold Portfolio in Malaysia and the Murchison Gold
Portfolio in Western Australia.
The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia,
comprising the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects .
The mine has about one million ton per annum gold processing CIL plant, which is situated
approximately 158 kilometers (km) north of Kuala Lumpur.
Murchison is located in the Murchison region in Western Australia and comprises the Burnakura,
Tuckanarra, and Gabanintha projects, which are located in the Murchison goldfield of Western
Australia, approximately 40 km southeast of Meekatharra and 765 km northeast of Perth.
The Company owns a producing mine, a producing site with a gold plant and all infrastructure, and a
large prospective land position, covering approximately 382.9 square kilometers.
Monument Mining Ltd:
https://monumentmining.com
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/news/
Gold Legal Tender God's Real Money.
Amen
Thanks NYBob. I enjoy reading these.
Thanks NYBob. I enjoy reading these.
LongOverdue Great $Gold Forecast: Gold Prices Could Explode Higher, and Soon
AG Thorson
Technical Analysis Expert & Editor @ GoldPredict.com
September 15, 2023
https://www.gold-eagle.com/article/gold-forecast-gold-prices-could-explode-higher-and-soon
CENTRAL BANKS & BILLIONAIRES ARE BUYING GOLD AT THE FASTEST PACE IN HISTORY
WATCH
https://www.bitchute.com/video/28YR3ejWxUuk/
USA OIL For $fiat-Peanuts - WORTH $900 BILLION! China Buys US Super Oil Field For $1.7 Billion
Obama/Biden giving US away
[
NYBob we appreciate your research ability, and that you share it with us. Thank you!
$Monument Mining Ltd. (TSXV:MMY) (MMMTMF)
RE:$21 million CAD of Unrecognized Deferred Tax Assets
Of course beside that we have $40.5 million US = $53 million CAD
Hello, we have approximately 93 million in loss carryforward from the sale
Comment by Freddy1989Germaon Sep 08, 2023
$Monument Mining Ltd. (TSXV:MMY) (MMMTMF) -$21 million CAD of Unrecognized Deferred Tax Assets
These have been accrued in previous years but not recognized as an asset convertible to cash because
the amount of future taxable profits were unpredictable .
That is now no longer the case, with the resumption of mining by the install of the FP.
I don't know if that would be the case in Q4 of F23 but certainly in F24 perhaps Q1.
This is a substantial cash asset worth $0.07 cad per share which will be a huge boost to our balance sheet
especially for the accelerated development of our Murchison asset in conjunction with ODY.
Recently, one of my other investments converted about $40 m in such unrecognized deferred tax assets to cash
which caused me to investigate MMY deferred tax assets.
Of course beside that we have $40.5 million US = $53 million CAD ( 17 cents cad per share ) in forward tax loss
pools to offset future taxable profits..
So, altogether, we have on our asset base $0.24 cad per share tax loss assets that can be converted to cash
once profitability returns ....as it almost certainly will
by nozzpack on Sep 08, 2023
Watch $Monument Mining Ltd. More Exposure….Now appearing in The Asian Miner -
https://asiaminer.com/news/latest-news/11291-monument-now-mining-in-malaysia.html
Stock Screener: Ep. 324: $Monument Mining (MMY)(MMTMF): Commissioning Flotation Plant in Malaysia
Albert S
It is great that you share your knowledge with us NYBob. One of these days the share price will recognize the true value of this company.
$Monument Mining Ltd. (TSXV:MMY) (MMMTMF) -$21 million CAD of Unrecognized Deferred Tax Assets
These have been accrued in previous years but not recognized as an asset convertible to cash because
the amount of future taxable profits were unpredictable .
That is now no longer the case, with the resumption of mining by the install of the FP.
I don't know if that would be the case in Q4 of F23 but certainly in F24 perhaps Q1.
This is a substantial cash asset worth $0.07 cad per share which will be a huge boost to our balance sheet
especially for the accelerated development of our Murchison asset in conjunction with ODY.
Recently, one of my other investments converted about $40 m in such unrecognized deferred tax assets to cash
which caused me to investigate MMY deferred tax assets.
Of course beside that we have $40.5 million US = $53 million CAD ( 17 cents cad per share ) in forward tax loss
pools to offset future taxable profits..
So, altogether, we have on our asset base $0.24 cad per share tax loss assets that can be converted to cash
once profitability returns ....as it almost certainly will
by nozzpack on Sep 08, 2023
$Monument Mining Ltd. More Exposure….Now appearing in The Asian Miner -
https://asiaminer.com/news/latest-news/11291-monument-now-mining-in-malaysia.html
Stock Screener: Ep. 324: $Monument Mining (MMY)(MMTMF): Commissioning Flotation Plant in Malaysia
Albert S
Interesting commentary, thank you NYBob. I hope that MTMLF really makes good between now and New Years.
Lynette Zang - The Metal Markets and Gold in a Mad Max Era
Financially Woke
1.28K subscribers
It will be interesting to see the production numbers for August.
$Monument Mining Ltd. More Exposure….Now appearing in The Asian Miner -
https://asiaminer.com/news/latest-news/11291-monument-now-mining-in-malaysia.html
Stock Screener: Ep. 324: $Monument Mining (MMY)(MMTMF): Commissioning Flotation Plant in Malaysia
Albert S
NYBob you do a great job keeping us informed. Thank you!
I really enjoyed this commentary. Thank you NYBob.
Stock Screener: Ep. 324: $Monument Mining (MMY)(MMTMF): Commissioning Flotation Plant in Malaysia
Albert S
Very interesting. Thanks for sharing.
Thanks NTBob, Looks like we may be in the right place at the right time,,, good luck to all.
$MMTMF This article looks at what is likely to emerge as a replacement currency system, and
concludes that from practical and legal aspects, bitcoin and
the entire cryptocurrency industry will fail with fiat,
while mankind will return to gold, as it has always done in the past
when state control over currency fails. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/hedging-the-end-of-fiat?gmrefcode=gata
Analyst Ratings of Monument Mining
A quick google search has yielded the following information...
Forecast net Earnings of 0.012 for 2023 versus loss of $0.03 in 2022
https://www.barrons.com/market-data/stocks/mmy/research-ratings?countrycode=ca&mod=quotes#subnav
Forecast Cash flow of 8 cents per share for 2023
https://www.marketbeat.com/stocks/CVE/MMY/
One BUY rating but note also that we are up 57% YTD which has got to be one of the best
performers among microcap Juniors.....leaves little doubt that we are on our way , with short consolidations, for the next run up the charts , hopefully to $0.20 by late summer
https://www.marketwatch.com/investing/stock/mmy?countrycode=ca
Burnakura Mill…Making Money While We Wait
Burnakura mill being open to toll milling while we wait for ODY.
Depending on the grade, about 25,000 to 30,000 ounces which should bring in about $5 million cad
per annum and at the same time keeping the mill and camp in full operating mode.
There are several neighbours that might avail of such a service..
The plant is done with the third phase crusher now installed...
Monument Mining Limited (MMY : MMTMF) is a Canada-based gold producer and mining asset developer.
The Company owns and operates the Selinsing Gold Portfolio in Malaysia and the Murchison Gold
Portfolio in Western Australia.
The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia,
comprising the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects .
The mine has about one million ton per annum gold processing CIL plant, which is situated
approximately 158 kilometers (km) north of Kuala Lumpur.
Murchison is located in the Murchison region in Western Australia and comprises the Burnakura,
Tuckanarra, and Gabanintha projects, which are located in the Murchison goldfield of Western
Australia, approximately 40 km southeast of Meekatharra and 765 km northeast of Perth.
The Company owns a producing mine, a producing site with a gold plant and all infrastructure, and a
large prospective land position, covering approximately 382.9 square kilometers.
Monument Mining Ltd:
https://monumentmining.com
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/news/
MMY; normaly next week new video and also new presentation. if goldprice more 1900 i think we got
a good cash flow
Gold Legal Tender God's Real Money.
Amen
Lots of good info. Thank you.
GOLD - BRICS 2023 Summit Key Takeaways, Day 1 Overview and Future Goals
Lena Petrova, CPA - Finance, Economics & Tax 146K subscribers
NYBob should we be expecting another news release from Monument in the next week or two? Maybe a monthly update?
Iggy_Bot Watch - GOLD BRICKS | BRICS GOLD -- JIM WILLIE PhD
WATCH
https://www.bitchute.com/video/zmvzBTjra99z/
Analyst Ratings of Monument Mining
A quick google search has yielded the following information...
Forecast net Earnings of 0.012 for 2023 versus loss of $0.03 in 2022
https://www.barrons.com/market-data/stocks/mmy/research-ratings?countrycode=ca&mod=quotes#subnav
Forecast Cash flow of 8 cents per share for 2023
https://www.marketbeat.com/stocks/CVE/MMY/
One BUY rating but note also that we are up 57% YTD which has got to be one of the best
performers among microcap Juniors.....leaves little doubt that we are on our way , with short consolidations, for the next run up the charts , hopefully to $0.20 by late summer
https://www.marketwatch.com/investing/stock/mmy?countrycode=ca
Burnakura Mill…Making Money While We Wait
Burnakura mill being open to toll milling while we wait for ODY.
Depending on the grade, about 25,000 to 30,000 ounces which should bring in about $5 million cad
per annum and at the same time keeping the mill and camp in full operating mode.
There are several neighbours that might avail of such a service..
The plant is done with the third phase crusher now installed...
Monument Mining Limited (MMY : MMTMF) is a Canada-based gold producer and mining asset developer.
The Company owns and operates the Selinsing Gold Portfolio in Malaysia and the Murchison Gold
Portfolio in Western Australia.
The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia,
comprising the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects .
The mine has about one million ton per annum gold processing CIL plant, which is situated
approximately 158 kilometers (km) north of Kuala Lumpur.
Murchison is located in the Murchison region in Western Australia and comprises the Burnakura,
Tuckanarra, and Gabanintha projects, which are located in the Murchison goldfield of Western
Australia, approximately 40 km southeast of Meekatharra and 765 km northeast of Perth.
The Company owns a producing mine, a producing site with a gold plant and all infrastructure, and a
large prospective land position, covering approximately 382.9 square kilometers.
Monument Mining Ltd:
https://monumentmining.com
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/news/
MMY; normaly next week new video and also new presentation. if goldprice more 1900 i think we got
a good cash flow
Gold Legal Tender God's Real Money.
Amen
More good news. The gold backed segment is appreciated too. Thanks NYBob.
bigone - $NEWS - $Monument Notified by Odyssey of Major Milestone Delivery at $Tuckanarra Gold Project )
August 3, 2023
Vancouver, B.C., August 3, 2023,
Monument Mining Limited (TSX-V: MMY, MMTMF and FSE: D7Q1) (“Monument” or the “Company”) is pleased
to announce that it has been notified by Odyssey Gold Limited (“Odyssey”, ASX: ODY) that a major
milestone has been achieved according to Odyssey’s recent resource statement at Tuckanarra Gold
Project where Monument holds 20% free carrying interest.
https://monumentmining.com/news-media/news/2023/monument-notified-by-odyssey-of-major-milestone-delivery-at-tuckanarra-gold-project/
Maiden Tuckanarra Project Mineral Resource estimate (MRE) totals 5.32Mt @ 2.2g/t Au for 376koz
(above a 0.9-2.0g/t Au cut off). The estimate is prepared by Independent Competent Persons,
Snowden Optiro, BMGS and International Resource Solutions in accordance with JORC principles
and guidelines (2012 Edition).
CEO and President Cathy Zhai commented, “We are very pleased to hear this good news. It is
encouraging as Tuckanarra exploration may provide Monument the opportunity to have future ore
produced by ODY to be fed into the Burnakura gold processing plant, as well as it increases the
upside value of Monument’s holdings in this project.”
Pursuant to the joint venture arrangement between Monument and Odyssey, an AUD$1,000,000 contingency cash payment may become payable to Monument within 36 months of completion of the acquisition, conditioned upon the delineation of an independently assessed mineral resource in accordance with the JORC Code (2012 Edition) of at least 100,000 ounces of gold at a minimum resource grade of 1.55g/t in relation to Tuckanarra Gold Project (the “Milestone Performance
Consideration”). At the time the 80% of Tuckanarra Gold Project sold to ODY, it contained a historical
indicated resource of 1.04 mt @ 1.65 g/t Au for 55.2 kOz and a historical inferred resource of 0.92 mt
@ 1.51 g/t Au for 44.6 kOz within eleven separate prospects, determined by Ravensgate in its
November 2012 “Independent Resource Model Report” according to the JORC guidelines 2004.
The Company and Odyssey have agreed to defer the Milestone Performance Consideration Payment
(the “Performance Payment”). Under the amended arrangement the AUD$1 million Performance
Payment shall be made on the date within six (6) months after the date of satisfaction of the
Milestone, which would be by February 2, 2024.
In consideration for the deferral of Performance Payment, Odyssey agrees to pay Monument interest
on the outstanding Performance Payment amount at a rate per annum equal to the US Secured
Overnight Financing Rate (SOFR) plus two percent (2.00%) compounding monthly on and from the
date which is 5 business days after the satisfaction of the Milestone, until the Performance Payment is
made.
Monument has reserved the right to call back the Performance Payment any time with 14 days’ notice at its sole discretion five days after the date of satisfaction of the Milestone Performance.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same
region.
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
Monument Mining Ltd: https://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.”
Alasdair Macleod: $Gold is replacing the dollar
By Alasdair Macleod
GoldMoney, Toronto
Thursday, August 3, 2023
Financial developments in the Russian and Chinese axis are being generally ignored. The confirmation by Russia that a trade settlement currency for an expanded BRICS group is on the agenda at the Johannesburg summit this month has barely been reported, and even sound money advocates are highly sceptical.
But all will be revealed in three weeks. Meanwhile this article looks at how gold standards could return in the wake of a new gold-backed trade-settlement currency, if that is what emerges, using the currency board model as a template.
This is followed by an explanation of why gold reserves must cover the bank note issue.
I assess the cover afforded to both the rouble and the renminbi, incorporating assumed levels of non-reserve gold bullion held by both Russia and China. The conclusion is that both nations have ample cover to implement proper gold standards -- and that gives the opportunity for other allied nations to implement currency boards with the renminbi.
The availability of above-ground gold stocks to support a global retreat from fiat currencies back to the stability of legal money -- gold -- is then addressed.
The conclusion is that with bullion having migrated in vast quantities from the West to the East in recent decades, there is a deficit for the fiat-committed Western alliance and nations in its sphere of influence to back their own currencies. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/gold-is-replacing-the-dollar?gmrefcode=gata
More good news. Thanks NYBob.
$NEWS - $Monument Notified by Odyssey of Major Milestone Delivery at $Tuckanarra Gold Project
August 3, 2023
Vancouver, B.C., August 3, 2023,
Monument Mining Limited (TSX-V: MMY, MMTMF and FSE: D7Q1) (“Monument” or the “Company”) is pleased
to announce that it has been notified by Odyssey Gold Limited (“Odyssey”, ASX: ODY) that a major
milestone has been achieved according to Odyssey’s recent resource statement at Tuckanarra Gold
Project where Monument holds 20% free carrying interest.
https://monumentmining.com/news-media/news/2023/monument-notified-by-odyssey-of-major-milestone-delivery-at-tuckanarra-gold-project/
Maiden Tuckanarra Project Mineral Resource estimate (MRE) totals 5.32Mt @ 2.2g/t Au for 376koz
(above a 0.9-2.0g/t Au cut off). The estimate is prepared by Independent Competent Persons,
Snowden Optiro, BMGS and International Resource Solutions in accordance with JORC principles
and guidelines (2012 Edition).
CEO and President Cathy Zhai commented, “We are very pleased to hear this good news. It is
encouraging as Tuckanarra exploration may provide Monument the opportunity to have future ore
produced by ODY to be fed into the Burnakura gold processing plant, as well as it increases the
upside value of Monument’s holdings in this project.”
Pursuant to the joint venture arrangement between Monument and Odyssey, an AUD$1,000,000 contingency cash payment may become payable to Monument within 36 months of completion of the acquisition, conditioned upon the delineation of an independently assessed mineral resource in accordance with the JORC Code (2012 Edition) of at least 100,000 ounces of gold at a minimum resource grade of 1.55g/t in relation to Tuckanarra Gold Project (the “Milestone Performance
Consideration”). At the time the 80% of Tuckanarra Gold Project sold to ODY, it contained a historical
indicated resource of 1.04 mt @ 1.65 g/t Au for 55.2 kOz and a historical inferred resource of 0.92 mt
@ 1.51 g/t Au for 44.6 kOz within eleven separate prospects, determined by Ravensgate in its
November 2012 “Independent Resource Model Report” according to the JORC guidelines 2004.
The Company and Odyssey have agreed to defer the Milestone Performance Consideration Payment
(the “Performance Payment”). Under the amended arrangement the AUD$1 million Performance
Payment shall be made on the date within six (6) months after the date of satisfaction of the
Milestone, which would be by February 2, 2024.
In consideration for the deferral of Performance Payment, Odyssey agrees to pay Monument interest
on the outstanding Performance Payment amount at a rate per annum equal to the US Secured
Overnight Financing Rate (SOFR) plus two percent (2.00%) compounding monthly on and from the
date which is 5 business days after the satisfaction of the Milestone, until the Performance Payment is
made.
Monument has reserved the right to call back the Performance Payment any time with 14 days’ notice at its sole discretion five days after the date of satisfaction of the Milestone Performance.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established 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 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same
region.
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
Monument Mining Ltd: https://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.”
I am so optimistic for MMTMF.
I think it was a very good production month, given the last operational prospectus in late June.
Perhaps we may get a July Production update ... )
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172472235
Sounds like sweet music to my ears. As always, Thank You NYBob for your information.
Gold Could Surge 3500% Overnight..." - Lynette Zang | Gold Silver Price
Bullion News / 8.02K subscribers
https://www.youtube.com/watch?v=gty1IwyBwSE
Gold Could Surge 3500% Overnight..." - Lynette Zang | Gold Silver Price
Bullion News / 8.02K subscribers
https://www.youtube.com/watch?v=gty1IwyBwSE
Is it fair to ask you about GGLDF on this board?
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