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$News Release; Monument Appoints Hugh Bresser to Chief

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NYBob Member Level  Saturday, 04/24/21 08:32:52 PM
Re: MRDALE post# 1218
Post # of 1305 
$News Release; Monument Appoints Hugh Bresser to Chief Managing Geologist
April 19, 2021
View PDF
Vancouver, B.C., April 19, 2021,

$Monument Mining Limited (TSX-V: MMY)(MMTMF)(FSE: D7Q1) “Monument” or the
“Company” is pleased to announce the appointment of
Mr. Hugh Bresser to Chief Managing Geologist.

“I am very pleased to have Hugh Bresser join us as Chief Managing
Geologist at this very critical time when we completed the restructure
of our mineral asset portfolio and committed to developing
Murchison Gold Mines towards being a cornerstone project”,
remarks Cathy Zhai, President & CEO of Monument Mining,
“I believe his enthusiasm in gold discovery, extensive experience
in mineral asset development and determination to lead the team
building high performance will make a significant difference in the
progress of our Murchison project.”

Mr. Bresser has built a 30-year career in the minerals industry focused
on exploration, identification, acquisition and development of
economic ore deposits, utilizing conventional and unconventional
targeting and exploration strategies in combination with a commercial
understanding of minerals economics and the resource industry cycle
in Australia, North and South America, Asia and Europe.
His work experience ranging from junior, mid-cap miners and majors
provides a strength and depth of understanding of risk and capital
management, including South 32 Ltd, Pancontinental Mining Ltd.,
P.T. Billiton Indonesia, Billiton Exploration Australia Pty. Ltd., and
various roles at BHP.
He also was the managing director at Overland Resources Limited and
the principal consulting geologist at Milagro Ventures Pty. Ltd.


Mr. Bresser holds professional memberships and affiliations in
MAusIMM, MAIG, MSEG, MGSA, graduated from James Cook University with a
BSc. honors degree in Metalliferous and Economic Geology in North
Queensland and holds an MBA from Mt Eliza Business School in Melbourne,
Australia.

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 (100%) 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;

http://www.monumentmining.com

or contact:

Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102
rcushing@monumentmining.com

$Monument Mining Ltd. (TSXV:MMY)(MMTMF) Very nice Gold Project
Presentation of Perangih open pit gold mines;

Peranggih exploration is carried out in three separate zones within the main regional structure:
1. Peranggih South open gold mine pit,
2. Peranggih Central gold mine open pit , and
3. Peranggih North open gold mine pit;



Peranggih Area Drill hole Map


$Monument Mining has undertaken a diamond drilling campaigns;
started in March 2014, with 21 holes completed for over 2,007m.

Oxide trenching, pit geological mapping, surface sampling, and
initial geological modeling program were executed
during 2016 and 2017.

A subsequent close space 5m x 5m Percussion Rotary Air Blast
(RAB) drilling program,
2,780m for 298 holes, was carried out
in August 2017 at the Central zone to test
150m strike length x 80m width of the mineralization.

This program initially indicated over 38kt @ 1.00g/t Au
with a broad 15m-20m wide high-grade zone and
multiple isolated high-grade zones, surrounded by more
grade gold mineralization.

It proved the presence of disseminated gold in the breccia matrix.

It is noteworthy that grade control areas for mining bench construction
is much larger than the two starter pits in Peranggih South.

Grade control was conducted within the high grade zones.

This indicates that the final pit size in Peranggih South
will be much larger than currently developed.

The average pit at Selinsing produced 50,000 ounces.

Its not unreasonable that these two starter pits in P South
could reach that level of production + more.

Currently, Peranggih Central has been grade controlled but
the pit has to be ready for production.

This area the management conservative estimated 20,000 to 30,000 ounces
in 2018 which they reported had increased by 44 % by early 2021.

It would seem that this third pit in P Central could also
produce up to 50,000 ounces + more.

Peranggih North has been too sparsely drilled to judge productivity,
but it is also a high grade area -
so another 3rd pit might be developed there.

Mentique adjoins closely with Peranggih.
It has two high grade zones extending at strike by 1.8 km.

The drilling as been done at Peranaggih will make
more gold productivity.

The same setting and lithology and contiguous with
Perangghi, the chances are high that
Mentque could contain two more oxide open pits mines.

$SUMMARY Ex....

Conservative dividing by 2 ( 25,000 ounces per pit ) ,
RE: Peranggih open pit
gold mines;

Peranggih will be a major contributor to increased oxide production -
in the coming years and being decent grade oxides -
will boost recovery levels , thereby reducing cash costs.

$45 million cash in hand approx

That puts MMY at a .135 cent book value, cash only.

Our operational property and Australian lands with mill
have no value in our share price today.

This will have to change or some entity will take this company.

MMY needs to show the market its value.

We are 10 x under valued!


By Tradeup20202025 (15) @ sth
https://stockhouse.com/companies/bullboard?symbol=v.mmy&postid=32965978

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163070781

$Monument (MMTMF)(TSXV:MMY) announces sale of its Malyasian subsidiary
Mining
TSXV:MMY $47.70M



Simon Druker
Markets Reporter
simon.druker@themarketherald.ca
08 April 2021 16:00




Monument Mining Limited (MMY) has closed a transaction to sell
its 100 per cent interest in Monument Mengapur, its
Malaysian subsidiary

The company sold Monument Mengapur to Fortress Minerals Limited

Monument Mengapur owns the Mengapur Copper and Iron Project in
its entirety

The Mengapur Project is located in Pahang State, approximately
75 kilometres northwest from Kuantan Monument Mining is
unchanged on the day, with shares trading at C$0.12 at 1:10 pm ET

Monument Mining Limited (MMY) has closed a transaction to sell its
entire 100 per cent interest in Monument Mengapur, its
Malaysian subsidiary.

The company sold Monument Mengapur to Fortress Minerals Limited.

Monument Mengapur owns the Mengapur Copper and Iron Project in its
entirety.

The Mengapur Project is located in Pahang State, approximately 75
kilometres northwest from Kuantan.

The sale of the Mengapur Project is part of Monument’s corporate
restructuring to focus on the development of the company's gold
projects in Malaysia and Western Australia.

Under the terms of the agreement, Monument received US$30 million cash
consideration in full.

The deal also entitles Monument to a royalty of 1.25 per cent of gross
revenue on all products produced at the Mengapur Project.

A finder’s fee of US$600,000 was paid out from the gross proceeds.

Proceeds from the transaction will be used for corporate and future gold
project development.

Founded in 1997 and based in Vancouver, Monument Mining Limited is an
established Canadian gold producer that operates the 100 per cent owned
Selinsing Gold Mine in Malaysia.

Gold Price: Still on Track for $3,000, Another Shot Is
Coming Says John Doody
37,911 views •Mar 24, 2021





https://www.youtube.com/watch?v=VN8AppYd3rQ


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


$Monument Mining Has Seen its Gold Revenue Surge






Swiss Resource Capital AG
19.6K subscribers

https://www.youtube.com/watch?v=a3qrP2Y10M0


SmallCapPower
5.72K subscribers
In this interview at the PDAC 2020 convention, SmallCapPower spoke with
Monument Mining Limited (TSXV:MMY) President and CEO Cathy Zhai.

$Monument Mining has been successfully producing gold in Malaysia for
the past 10 years and now has a promising development project in
Western Australia.

Find out more about Monument Mining’s plans for 2020
by watching our interview.


https://www.youtube.com/watch?v=mRejQP-pbzA


FOR FURTHER INFORMATION visit the company web site at

http://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-to-implement-value-creation-strategy/


$MMY Heap Leach Production Potential of Murchison;



$Kentor has done a decent analysis of the heap leaching potential
of the lower grade ores at Murchison.

As far as I know, we have the necessary heap leach equipment on hand
at $Burnakura for 2 million tons per year.

I used to own GGD which heap leaches very low grade tailings .....less
than 1 gm per ton
Agglomeration was necessary, as recoveries were greater once the head
grade ore was agglomerated with concrete.
However, agglomeration seems to be not needed very much for Burnakura
ore.

The other parameter is leach cycle time......the time required for the
gold to be leached out of the ore once placed on the heap pad.
I used 2 cycles per year.....ie about 150 days to maximize recovery
of gold.

However, Kentor shows about 24 days which I think must mean something
else , as that cycle is quite rapid.

So I use 2 cycles per year Of 500,000 tons of auriferous ore which means
1 million tons per year.

I will use an average of 0.9 gms per ton as head grade of the ore
placed on the heap leach pads.

So, that means 900,000 grams of contained gold on the heap leach pads
per year.


Recovery rates is about 90% for this grade of ore, so we end up
recovering about 800,000 grams of gold per year, which divided
by 31 gms per ounce means an annual production of about
25,000 ounces per year .

This is quite close to the 30,000 ounces recovered/ year by
Indee gold which used this same leach equipment which was
acquired by Kentor.

So, combining 40,000 ounces of high grade production from underground
ore through the Burnakura mill @ 300,000 tons per year.....see my
previous post..and 25,000 ounces of the lower grades from heap leach,
we have about 65,000 ounces of production per year .

Heap leach is cheaper than milling for obvious reasons .



So an AISC of $1000 per ounce for the two combined production methods
seems quite reasonable .
@$1800 POG, we are excess cash flowing about $50 million per year .

Our neighbour free cash flows $80 million per year
on 95,000 ounces .

This is good agreement .
KRR trades at 5.5 times its free cash flow.

This would imply..but degraded 4,5 times , for lower production ..a
fair value of about $225 million for our Murchison production,
employing fully our current milling and heap leach facilities .

But, we have in addition , that rich gold copper resource at the
Yagahong deposit of Gabathinia along with its other 6 pits none of
which have been fully explored or the possibility of
finding supergene ore.

So, our Murchison assets have superb value at current POG.

It's my analytical opinion, that the Greatest value of our Murchison
assets would accrue to us shareholders by spinning it out to us as
a new public listing, including the Tuckanara seed capital and JV ,
allocated perhaps 80% to shareholders and 20 % to our parent company.

Its a win win situation

$MMY- $70 mil in assets and only a $42 mil market cap? NO DEBT! smile )

Way undervalued and oversold -
5 bagger + + + + ? or more - smile)

https://www.monumentmining.com/

https://www.monumentmining.com/news-media/photo-gallery/

Imo! TIA

https://investorshub.advfn.com/Monument-Mining-TSXV-MMY-13403/


$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 - smile)



$1,000th Gold Bar Pour Produced by MMY; Photo Gallery smile) 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 smile)
is it the fact ???
What a Great Gold Mines bargain smile)

MMY It's very undervalued, oversold like > hidden giant Au gold mines
soon to be discovered smile)
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 > ^ > ^ > ^

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


My opinions are my own and and DD I post should be confirmed as unbiased
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