$bigone thanks; Money once again flowing into gold mining producers -
The IT and Crypto sectors have now topped and that cash is now looking for the next hot sector.
That sector is now gold. On Friday, reviewing analyst rating changes on my Investment House daily report, I found that almost all of the covered gold stocks were rated Outperform.
I have never seen such a rapid and universal alteration in gold ratings in my investment career which goes back decades.
So, we are looking at a revival of investment dollars into gold and gold mines stocks.
We have a huge amount of material and development news pending release in the near future.
$Considering this along with increased investment flows into Gold, its a fair bet that we will exit June above $0.30 + + + + :-))
Throughout the summer, we will see sequential releases of Murchison drilling results along with development news at Peranghi, processing of Colombian concentrate, construction progress of the Floatation plant and other new developments currently under consideration.
If all goes according to form, we have an excellent chance of exiting summer above $0.60 + + + + :-))
Even at that price, we will still be very undervalued bargain.... IMO! nozzpack
$bigone thanks; In December 2020, Monument Mining Ltd. made an Joint Venture agreement with Odyssey Gold Ltd.
MMY got a 20% free carried interest (not need to pay any cost of exploration drilling etc. up to the project are ready for gold milling, processing etc.)
MMY also got a 1% NSR royalty over Odyssey’s 80% interest in the property.
Ody got 80% interest in MMY's Tuckanarra Gold project to carry out all needed exploration, drilling, feasibility study etc.
Odyssey Gold Ltd., leaving Monument with a 20% free carried interest and a 1% NSR royalty over Odyssey’s 80% interest in the property.
An unincorporated joint venture was formed with Odyssey to advance the exploration over Tuckanarra.
Odyssey will be solely responsible for funding the exploration and evaluation activities at Tuckanarra until a decision to mine is reached.
The future processing of ore from tenements held by Odyssey through the Monuments Mining Ltd's Burnakura plant remains an option should maybe if commercial terms be reached!?
$Visible Gold at Odyssey/Monument Tuckanarra JointVenture Project Reinforce Exploration Targeting at Murchison Gold Project MMY | May 5, 2021 VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to receive the news announced by its Joint Venture Partner Odyssey Gold Ltd (“ODY”) that significant visible gold has been intersected in its maiden diamond hole Figure 1), a 70m step-out in the eastern extension of the developing Bottle Dump deposit at the Tuckanarra JV Project (“Tuckanarra”) located in the Murchison Goldfield.
Together with other results, the new finding confirms the strong potential of the Bottle Dump trend to host high-grade gold mineralization (For details refer to:
When I first began writing about such projections, I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak greater than $2,500. :-))
That list has grown to 83 of which 47 believe that $5,000 or more for gold is likely. :-))
I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months) to come:
$bigone Yes, Unbelievable!!! Amazing!! The end of the age of speculation-
Buckle up. We might be in for a rough ride if we have truly come to the end of the age of speculation. More than one investor has stumbled upon diversification on the road to portfolio wisdom. $BUY MMY GOLD - Estimated Value of ODY Visible Gold..$2 million
$They announced today that the grade was above the 12,000 gns/ton detection limit of the grade technology used.
$They will assay it again with an upper grade detection limit of 35,000 gms/ton.
Using the approximate average of the lower and upper limit....25,000 gms/ton......at current CAD prices that is worth about $2 million.
$Monument Mining (TSXV:MMY) MMY's Murchison Gold Mines...Great Gold Country and new update drilling to target the high grade old gold mines by Monument Gold Mining -
The Pass Scout drilling by Monument has already identified three high grade shallow oxides outside the Lewis and reward pits -
This is the same area where ATW hit 16 ounces per ton over 1 meter in 2008 -
These could be three new oxide mines ex...may delivering 25,000 to 50,000 ounces per pit to the Burnakura Gold mill -
The new 3D geologic model has identified 30 of these shallow gold projects at Burnakura and another 30 at Monuments Gabanintha Old Gold Mines -
Beyond any doubt, some of those will be new oxide gold open pits mining that can be very profitably mined - AISC at or below $1000 per gold ounce -
We are going to have an excellent summer at Murchison Gold Mines - with more high grade modern drilling of the old gold mines area -
It should be no problem breaking thru the $0.50 level - can't wait to the drill results begin to pour in to expose the rich old gold mines country :-))
With Monuments sufficient cash to cover all near term project expenditures :-)) and still have significant surplus for contingencies - MMY are very well situated to begin adding cash from current and near term project cash flows.
MMY's ex. balance sheet wise, is much better situated than most junior gold producers -
Additions to Investors Link on Website plans for second source of cash flows from second safe mining Jurisdiction -
$Each Jurisdiction has exploration upside above 1 million ounces..
Additions to Murchison Gold Mines Project..3D Model -
is interesting of ex. those two very large early exploration high grade targets at the northern margin of - Burnakura gold mines properties and at its southern margins - also the two in between ones are large gold properties :-)) based on the 25 km scale.
The new 3D geology model demonstrates that; Burnakura Gold mines exploration upside are very large, even from new open pits mines - and what MMY know from its underground drilling explorations -
$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 - :-))
$1,000th Gold Bar Pour Produced by MMY; Photo Gallery :-)) It's a great Mother ore start;
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.
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.
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 > ^ > ^ > ^
$bigone thanks; Money once again flowing into gold mining producers -
The IT and Crypto sectors have now topped and that cash is now looking for the next hot sector.
That sector is now gold. On Friday, reviewing analyst rating changes on my Investment House daily report, I found that almost all of the covered gold stocks were rated Outperform.
I have never seen such a rapid and universal alteration in gold ratings in my investment career which goes back decades.
So, we are looking at a revival of investment dollars into gold and gold mines stocks.
We have a huge amount of material and development news pending release in the near future.
$Considering this along with increased investment flows into Gold, its a fair bet that we will exit June above $0.30 + + + + :-))
Throughout the summer, we will see sequential releases of Murchison drilling results along with development news at Peranghi, processing of Colombian concentrate, construction progress of the Floatation plant and other new developments currently under consideration.
If all goes according to form, we have an excellent chance of exiting summer above $0.60 + + + + :-))
Even at that price, we will still be very undervalued bargain.... IMO! nozzpack
$bigone thanks; In December 2020, Monument Mining Ltd. made an Joint Venture agreement with Odyssey Gold Ltd.
MMY got a 20% free carried interest (not need to pay any cost of exploration drilling etc. up to the project are ready for gold milling, processing etc.)
MMY also got a 1% NSR royalty over Odyssey’s 80% interest in the property.
Ody got 80% interest in MMY's Tuckanarra Gold project to carry out all needed exploration, drilling, feasibility study etc.
Odyssey Gold Ltd., leaving Monument with a 20% free carried interest and a 1% NSR royalty over Odyssey’s 80% interest in the property.
An unincorporated joint venture was formed with Odyssey to advance the exploration over Tuckanarra.
Odyssey will be solely responsible for funding the exploration and evaluation activities at Tuckanarra until a decision to mine is reached.
The future processing of ore from tenements held by Odyssey through the Monuments Mining Ltd's Burnakura plant remains an option should maybe if commercial terms be reached!?
$Visible Gold at Odyssey/Monument Tuckanarra JointVenture Project Reinforce Exploration Targeting at Murchison Gold Project MMY | May 5, 2021 VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) --
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to receive the news announced by its Joint Venture Partner Odyssey Gold Ltd (“ODY”) that significant visible gold has been intersected in its maiden diamond hole Figure 1), a 70m step-out in the eastern extension of the developing Bottle Dump deposit at the Tuckanarra JV Project (“Tuckanarra”) located in the Murchison Goldfield.
Together with other results, the new finding confirms the strong potential of the Bottle Dump trend to host high-grade gold mineralization (For details refer to:
When I first began writing about such projections, I was satisfied with identifying 10 individuals who were of the opinion that gold would attain a peak greater than $2,500. :-))
That list has grown to 83 of which 47 believe that $5,000 or more for gold is likely. :-))
I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months) to come:
$bigone Yes, Unbelievable!!! Amazing!! The end of the age of speculation-
Buckle up. We might be in for a rough ride if we have truly come to the end of the age of speculation. More than one investor has stumbled upon diversification on the road to portfolio wisdom. $BUY MMY GOLD - Estimated Value of ODY Visible Gold..$2 million
$They announced today that the grade was above the 12,000 gns/ton detection limit of the grade technology used.
$They will assay it again with an upper grade detection limit of 35,000 gms/ton.
Using the approximate average of the lower and upper limit....25,000 gms/ton......at current CAD prices that is worth about $2 million.
$Monument Mining (TSXV:MMY) MMY's Murchison Gold Mines...Great Gold Country and new update drilling to target the high grade old gold mines by Monument Gold Mining -
The Pass Scout drilling by Monument has already identified three high grade shallow oxides outside the Lewis and reward pits -
This is the same area where ATW hit 16 ounces per ton over 1 meter in 2008 -
These could be three new oxide mines ex...may delivering 25,000 to 50,000 ounces per pit to the Burnakura Gold mill -
The new 3D geologic model has identified 30 of these shallow gold projects at Burnakura and another 30 at Monuments Gabanintha Old Gold Mines -
Beyond any doubt, some of those will be new oxide gold open pits mining that can be very profitably mined - AISC at or below $1000 per gold ounce -
We are going to have an excellent summer at Murchison Gold Mines - with more high grade modern drilling of the old gold mines area -
It should be no problem breaking thru the $0.50 level - can't wait to the drill results begin to pour in to expose the rich old gold mines country :-))
With Monuments sufficient cash to cover all near term project expenditures :-)) and still have significant surplus for contingencies - MMY are very well situated to begin adding cash from current and near term project cash flows.
MMY's ex. balance sheet wise, is much better situated than most junior gold producers -
Additions to Investors Link on Website plans for second source of cash flows from second safe mining Jurisdiction -
$Each Jurisdiction has exploration upside above 1 million ounces..
Additions to Murchison Gold Mines Project..3D Model -
is interesting of ex. those two very large early exploration high grade targets at the northern margin of - Burnakura gold mines properties and at its southern margins - also the two in between ones are large gold properties :-)) based on the 25 km scale.
The new 3D geology model demonstrates that; Burnakura Gold mines exploration upside are very large, even from new open pits mines - and what MMY know from its underground drilling explorations -
$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 - :-))
$1,000th Gold Bar Pour Produced by MMY; Photo Gallery :-)) It's a great Mother ore start;
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.
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.
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 > ^ > ^ > ^
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