Monument Mining Ltd. (MMTMF)

[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: [phone] [e-mail]

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