Monument Mining Ltd (MMY)

[NYBob]

I am declaring Peranghi a Major New Gold field Discovery

The bulk samples for the trial mining were selected from the exposed mineralization in the historic mining area at Central Peranggih, which combined easy access, favorable topography and a low stripping ratio, where a 5m x 5m close spaced RAB grade control drilling program was completed in November 28, 2017.

The drill program successfully delineated a zone of higher grade gold material at Peranggih Central by testing an area of 150m strike length by 80m width and 20m depth ( 12,000 m sq area )
( see Fig 1 in link below ), known to contain a significant amount of coarse gold in a hydrothermal breccia system.

https://www.monumentmining.com/news-media/news/2020/monument-announces-trial-mining-results-at-peranggih-gold-prospect-in-malaysia/


Based on the 2017 GC ( Grade Control ) drilling program which identified a high grade zone measuring 150 m by 80 m in P North ( 12,000 square meters ) ( see Fig 1 in link below ) management estimated this this GC zone of 12,000 sq metres contained 20,000 to 30,000 ounces....see link in a recent post )

The recently completed 5000 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 12,000 sq meter zone, we now have at least 31,000 to 47,000 ounces of even higher grade gold within a lesser volume of ore.

Closely spaced grade control drilling ( GC ) is used to form mining benches for open pit mining. You only do that when you are sure you have mineable ore

So, this 5000 meter 5m X 5M ( = 12,000 sq meters ) Grade Control program conducted in Q1 has doubled the available mineable ore as its grades were excellent too.

So, taking this expanded area into account, we now have 62,000 ounces to 94,000 ounces within the open pit of P North.

But, another 5000 m of GC drilling was planned for Q2.

This will expand the open pit another 12,000 sq m to a sq area of 36,000 sq m.

Taking this extra tonnage into account means that the mineable ore in the first open pit mine at P North to 93,000 ounces to 141,000 ounces.

The average pits at Selinsing contained 55,000 ounces of oxides.

Already , we have an open oxide pit at least double that at P North, and we have 3 more high grade zones within that Peranghi license borders.

This suggests that Peranghi has the potential to equal the entire 300,000 + ounces of oxide gold produced by the original Selinsing discovery.
Mentique looks equally prospective.

It is for these reasons that I can confirm managements statement that Pernaghi is a new gold field discovery.

This has major implications for our market cap..
by nozzpack sth. bb. thanks great info )

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159604821

God Bless