Sunday, November 29, 2020 12:04:22 PM
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 -
)
1,000th Gold Bar Pour Photo Gallery) It's a great Mother ore start
https://www.monumentmining.com/news-media/photo-gallery/
Market Cap 26.32m - No Debt - someone has to be kidding)
is it the fact ???)
MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered)
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 > ^ > ^ > ^
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
the ore reserve with good drilling results to be mined many future years -
) 
1,000th Gold Bar Pour Photo Gallery
) It's a great Mother ore start https://www.monumentmining.com/news-media/photo-gallery/
Market Cap 26.32m - No Debt - someone has to be kidding
) is it the fact ???
) MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered
) 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 > ^ > ^ > ^
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
My opinions are my own and and DD I post should be confirmed as unbiased
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