bigone thanks; Gascoyne Up for Sale/ Murchison heats up Gascoyne is running out of oxides for its mill and its grades are very low.
So it recently proposed a merger with Firefox for its 196,500 ounces of gold resources at 1.45 gms per ton.
It states the proforma enterprice value of $159 m subsequent to the acquisition, which at 32 .8 % implies about $51 m for Firfoxes 196,500 ounces of Indicated resource.
Thats pretty rich at $260 per ounce of gold in the ground.
But Gascoyne has to have higher grade ore to make it very ;profitable.
Today, I notice that Gascoyne received an unsolicited takeover offer which it rejected.
Gascoyne i a former merger candidate with Monument.
So, with limited new discoveries of shallow oxides of decent grades, Monument is well placed with its 550,000 ounces @2.05 gms per ton
$Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia The first stage of the drill program planned for 18,000 metres and combines aircore and reverse circulation drilling The program will test new high-quality structural targets beneath cover Work should continue for the next six to eight months as new targets are identified and evaluated Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia.
The first stage of the drill program is planned for 18,000 metres and combines aircore and reverse circulation drilling.
The program will test new high-quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand-alone or satellite gold deposits.
The company hopes to supplement the current resource base at the 100-per-cent owned Burnakura gold project.
The progressive nature of the exploration program means work will continue for the next six to eight months as new targets are identified and evaluated for their potential to develop into a new satellite gold deposit.
Once the exploration program is finished, Monument will be in a position to evaluate the entire 170-square-kilometre land package of the Murchison Gold Project. At that point, the Vancouver company will determine the most logical approach in which to advance the project.
"The Monument exploration team is excited to begin drilling after extensive work to identify high quality targets at the Murchison Gold Project. The WA area has been heating up this year with a large amount of exploration work being undertaken, and we are fortunate to get started ahead of schedule having secured a drill rig," said Monument CEO and President Cathy Zhai.
$The Murchison Gold Projects comprises Burnakura, Gabanintha and Tuckanarra Joint Venture, in the Murchison area of Western Australia.
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET.
Stockhouse logo Latest News Monument Commences Drilling Gold Targets at the Murchison Gold Project GlobeNewswire 1 day ago Monument Completes Independent Flotation Testwork GlobeNewswire July 6, 2021 Monument Announces Selinsing Gold Mine in Malaysia Resumes Production GlobeNewswire July 5, 2021 Monument Announces Covid-19 National Recovery Plan in Malaysia GlobeNewswire June 30, 2021 Monument Announces Extension to Movement Control Order in Malaysia GlobeNewswire June 15, 2021 Monument Commences Exploration at the Murchison Gold Project GlobeNewswire June 14, 2021 More V.MMY news on Stockhouse » Latest Bullboard Posts RE:RE:RE:RE:Recent SH interview with Monument CEO nozz..... it wasn't you....it was Wayned....Richard RE:Recent SH... 5 hours ago RE:RE:ODY Discovers Two New linked Gold Formations I`m not sure why Odyssey share price reacts like it does when they report... 5 hours ago RE:RE:RE:Recent SH interview with Monument CEO I'm not called Nosepak for nothing. Lol 7 hours ago RE:RE:Recent SH interview with Monument CEO Funny world.... you got it, a day before it happened..... nose to the ground...... 7 hours ago Munro Bore and Banderol Fault Junction and Current Drilling The last great discovery at Burnakura was the NOA 1-8 pits which was based on... 11 hours ago Munro Bore…..Excerpt from 2007 Giralia Report Estimate of Approx 15,000 ounces for two of the 4 Zones...I am not aware of...
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce the commencement of a planned exploration drilling program at the Murchison Gold Project in Western Australia.
The first stage of the drill program planned for 18,000 metres and combines aircore (“AC”) and reverse circulation (“RC”) drilling, and is designed to test new high quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand alone or satellite gold deposits to supplement the current resource base at the 100% owned Burnakura gold project.
The progressive nature of the exploration program at Burnakura and Gabanintha (Figure 1) will see work continue for the next six to eight months as new targets are identified and evaluated for their potential to develop into a new satellite gold deposit. At the conclusion of this exploration program Monument will be in a position to evaluate the entire 170km2 land package of the Murchison Gold Project and determine, in an informed manner, the most logical approach in which to advance the project.
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce that the independent flotation testwork undertaken at Bureau Veritas Laboratory (“BV”) in Perth has successfully replicated the positive results achieved by the on-site metallurgical laboratory to produce a marketable gold concentrate at the Selinsing Gold Mine.
CEO and President Cathy Zhai commented: “We are very pleased with the test results that are a milestone step in achieving a sustainable cash supply from our Selinsing gold sulphide inventory by the sale of a sulphide concentrate produced through the planned flotation plant to third parties. The Phase II plant upgrade may follow to construct a BIOX-leaching circuit if deemed economically viable to treat both the Selinsing concentrates and third party concentrates on-site in order to further enhance the revenue level. Our new business model of expanding operations into treating third parties concentrates through a planned BIOX®-leaching circuit continues to be assessed.”
She further added: “We have noted that the recent announcements of tighter Chinese import restriction for the arsenic levels in gold concentrates imply that a number of producers of complex gold concentrates that currently sell into China will be looking for new off-take partners. Consequentially Selinsing’s proposed BIOX® plant could be their new home.”
Flotation Testwork Results Highlights
Gold concentrate produced from fresh sulphide ore contains an average 34g/t of gold from BV testwork, compared to 33.1g/t of gold from the on-site Selinsing testwork; Gold concentrate produced from transition sulphide ore contains an average 42.5g/t of gold from BV testwork compared to 31.7g/t of gold from the on-site Selinsing testwork; The arsenic (“As)” contained in gold concentrates was achieved at an average of 5.1% for fresh and 7.0% for transition ores close to the 8% limit that initially set for the testwork program. It can be lowered to 3.5% through concentrate blending. Final concentrate grades showed elevated antimony (“Sb”) grades in the fresh material (5.7 – 13.3% Sb), but less than 0.2% Sb in the transition ores. Orway Mineral Consultants (“OMC”) was engaged by the Company to modify the flotation conceptual engineering design that was reported in the Snowden feasibility study in February 2019, in order to produce gold concentrates as a final product for sale instead of a mid-product for further bio-leach treatment to accommodate a two stage approach Sulphide treatment plant expansion strategy.
The independent testwork was carried out from February to May 2021 in Perth, Australia through Bureau Veritas Laboratory (“BV Lab”) under OMC’s supervision. The aim of this testwork was to independently verify the process parameters developed by the on-site laboratory through extensive testwork. Based on the test results, the optimized flotation conceptual engineering design was completed by OMC in June 2021 under the “Sulphide Flotation Circuit Design - Selinsing Gold Project”, including flotation testwork parameters, process design criteria, circuit modelling, engineering design brief and consumables estimates.
Flotation Testwork Parameters
Diamond drilling was conducted at Buffalo Reef pits BRC2, BRC3, BRC4 and BR North to provide samples. BV Lab testwork was designed to ensure repeatability of the on-site testwork and all flotation tests were carried out in duplicate.
The BV Lab testwork has proved that the Selinsing onsite laboratory test results are repeatable in a commercial lab for Fresh and Transition ore (Table 1. Summary of the BV Lab results), and the onsite laboratory recovery numbers can be used by OMC with reasonable confidence for engineering design (refer to news release dated April 27, 2021 “Monument Commences Flotation Plant Work at Selinsing”).
$MMY NEWS Monument Announces Selinsing Gold Mine in Malaysia Resumes Production July 5, 2021
Vancouver, B.C., July 5, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces that the Malaysia authorities have transitioned the movement control order (“MCO”) in five states into Phase 2 effective July 5, 2021 under the National Recovery Plan, including Pahang State.
Under the Phase 2, Selinsing Gold Mine is now back to production with up to 80% employees being allowed working at the site. Employers must ensure physical distancing and adherence to the standard operating procedures at all times.
CEO and President Cathy Zhai said: “The production starts to be resumed at Selinsing Gold Mine according to our recovery plan. We will be closely monitoring the Covid status and put employees’ safety as priority.”
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 and Tuckanarra JV (20% interest) in the Murchison area of Western A 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
“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.”
$tsoprano-1 welcome to Monument Mining (TSXV:MMY) My Friend - Good to see you @ MMY :-)) I think Goldbull MMY will do very well - :-)) MMY is very oversold and undervalued, Imo!
Joint Venture partner ODY finds more Visible Gold at Stakewell :-)) Also excellent grades from additional Tuckanara drilling....
$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; Forget The Pullback In Gold August 25 (King World News) –
Kevin Smith: I am in awe of the weekly gold chart right now. Check out the long reversal candle from two weeks ago after the COMEX smackdown and shakeout.
Marked a double bottom with March/April lows. Should be just a hop, skip, and a jump to get back above 2,000/oz. from here.
$Despite Shakeout, Gold A Hop, Skip, And A Jump To Get Back Above $2,000
bigone thanks; Gascoyne Up for Sale/ Murchison heats up Gascoyne is running out of oxides for its mill and its grades are very low.
So it recently proposed a merger with Firefox for its 196,500 ounces of gold resources at 1.45 gms per ton.
It states the proforma enterprice value of $159 m subsequent to the acquisition, which at 32 .8 % implies about $51 m for Firfoxes 196,500 ounces of Indicated resource.
Thats pretty rich at $260 per ounce of gold in the ground.
But Gascoyne has to have higher grade ore to make it very ;profitable.
Today, I notice that Gascoyne received an unsolicited takeover offer which it rejected.
Gascoyne i a former merger candidate with Monument.
So, with limited new discoveries of shallow oxides of decent grades, Monument is well placed with its 550,000 ounces @2.05 gms per ton
$Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia The first stage of the drill program planned for 18,000 metres and combines aircore and reverse circulation drilling The program will test new high-quality structural targets beneath cover Work should continue for the next six to eight months as new targets are identified and evaluated Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET Monument Mining's (MMY) planned exploration drilling program is now underway at its Murchison Gold Project in Western Australia.
The first stage of the drill program is planned for 18,000 metres and combines aircore and reverse circulation drilling.
The program will test new high-quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand-alone or satellite gold deposits.
The company hopes to supplement the current resource base at the 100-per-cent owned Burnakura gold project.
The progressive nature of the exploration program means work will continue for the next six to eight months as new targets are identified and evaluated for their potential to develop into a new satellite gold deposit.
Once the exploration program is finished, Monument will be in a position to evaluate the entire 170-square-kilometre land package of the Murchison Gold Project. At that point, the Vancouver company will determine the most logical approach in which to advance the project.
"The Monument exploration team is excited to begin drilling after extensive work to identify high quality targets at the Murchison Gold Project. The WA area has been heating up this year with a large amount of exploration work being undertaken, and we are fortunate to get started ahead of schedule having secured a drill rig," said Monument CEO and President Cathy Zhai.
$The Murchison Gold Projects comprises Burnakura, Gabanintha and Tuckanarra Joint Venture, in the Murchison area of Western Australia.
Monument Mining is up 12.5 per cent, trading at C$0.14 at 12:21 pm ET.
Stockhouse logo Latest News Monument Commences Drilling Gold Targets at the Murchison Gold Project GlobeNewswire 1 day ago Monument Completes Independent Flotation Testwork GlobeNewswire July 6, 2021 Monument Announces Selinsing Gold Mine in Malaysia Resumes Production GlobeNewswire July 5, 2021 Monument Announces Covid-19 National Recovery Plan in Malaysia GlobeNewswire June 30, 2021 Monument Announces Extension to Movement Control Order in Malaysia GlobeNewswire June 15, 2021 Monument Commences Exploration at the Murchison Gold Project GlobeNewswire June 14, 2021 More V.MMY news on Stockhouse » Latest Bullboard Posts RE:RE:RE:RE:Recent SH interview with Monument CEO nozz..... it wasn't you....it was Wayned....Richard RE:Recent SH... 5 hours ago RE:RE:ODY Discovers Two New linked Gold Formations I`m not sure why Odyssey share price reacts like it does when they report... 5 hours ago RE:RE:RE:Recent SH interview with Monument CEO I'm not called Nosepak for nothing. Lol 7 hours ago RE:RE:Recent SH interview with Monument CEO Funny world.... you got it, a day before it happened..... nose to the ground...... 7 hours ago Munro Bore and Banderol Fault Junction and Current Drilling The last great discovery at Burnakura was the NOA 1-8 pits which was based on... 11 hours ago Munro Bore…..Excerpt from 2007 Giralia Report Estimate of Approx 15,000 ounces for two of the 4 Zones...I am not aware of...
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce the commencement of a planned exploration drilling program at the Murchison Gold Project in Western Australia.
The first stage of the drill program planned for 18,000 metres and combines aircore (“AC”) and reverse circulation (“RC”) drilling, and is designed to test new high quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand alone or satellite gold deposits to supplement the current resource base at the 100% owned Burnakura gold project.
The progressive nature of the exploration program at Burnakura and Gabanintha (Figure 1) will see work continue for the next six to eight months as new targets are identified and evaluated for their potential to develop into a new satellite gold deposit. At the conclusion of this exploration program Monument will be in a position to evaluate the entire 170km2 land package of the Murchison Gold Project and determine, in an informed manner, the most logical approach in which to advance the project.
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce that the independent flotation testwork undertaken at Bureau Veritas Laboratory (“BV”) in Perth has successfully replicated the positive results achieved by the on-site metallurgical laboratory to produce a marketable gold concentrate at the Selinsing Gold Mine.
CEO and President Cathy Zhai commented: “We are very pleased with the test results that are a milestone step in achieving a sustainable cash supply from our Selinsing gold sulphide inventory by the sale of a sulphide concentrate produced through the planned flotation plant to third parties. The Phase II plant upgrade may follow to construct a BIOX-leaching circuit if deemed economically viable to treat both the Selinsing concentrates and third party concentrates on-site in order to further enhance the revenue level. Our new business model of expanding operations into treating third parties concentrates through a planned BIOX®-leaching circuit continues to be assessed.”
She further added: “We have noted that the recent announcements of tighter Chinese import restriction for the arsenic levels in gold concentrates imply that a number of producers of complex gold concentrates that currently sell into China will be looking for new off-take partners. Consequentially Selinsing’s proposed BIOX® plant could be their new home.”
Flotation Testwork Results Highlights
Gold concentrate produced from fresh sulphide ore contains an average 34g/t of gold from BV testwork, compared to 33.1g/t of gold from the on-site Selinsing testwork; Gold concentrate produced from transition sulphide ore contains an average 42.5g/t of gold from BV testwork compared to 31.7g/t of gold from the on-site Selinsing testwork; The arsenic (“As)” contained in gold concentrates was achieved at an average of 5.1% for fresh and 7.0% for transition ores close to the 8% limit that initially set for the testwork program. It can be lowered to 3.5% through concentrate blending. Final concentrate grades showed elevated antimony (“Sb”) grades in the fresh material (5.7 – 13.3% Sb), but less than 0.2% Sb in the transition ores. Orway Mineral Consultants (“OMC”) was engaged by the Company to modify the flotation conceptual engineering design that was reported in the Snowden feasibility study in February 2019, in order to produce gold concentrates as a final product for sale instead of a mid-product for further bio-leach treatment to accommodate a two stage approach Sulphide treatment plant expansion strategy.
The independent testwork was carried out from February to May 2021 in Perth, Australia through Bureau Veritas Laboratory (“BV Lab”) under OMC’s supervision. The aim of this testwork was to independently verify the process parameters developed by the on-site laboratory through extensive testwork. Based on the test results, the optimized flotation conceptual engineering design was completed by OMC in June 2021 under the “Sulphide Flotation Circuit Design - Selinsing Gold Project”, including flotation testwork parameters, process design criteria, circuit modelling, engineering design brief and consumables estimates.
Flotation Testwork Parameters
Diamond drilling was conducted at Buffalo Reef pits BRC2, BRC3, BRC4 and BR North to provide samples. BV Lab testwork was designed to ensure repeatability of the on-site testwork and all flotation tests were carried out in duplicate.
The BV Lab testwork has proved that the Selinsing onsite laboratory test results are repeatable in a commercial lab for Fresh and Transition ore (Table 1. Summary of the BV Lab results), and the onsite laboratory recovery numbers can be used by OMC with reasonable confidence for engineering design (refer to news release dated April 27, 2021 “Monument Commences Flotation Plant Work at Selinsing”).
$MMY NEWS Monument Announces Selinsing Gold Mine in Malaysia Resumes Production July 5, 2021
Vancouver, B.C., July 5, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces that the Malaysia authorities have transitioned the movement control order (“MCO”) in five states into Phase 2 effective July 5, 2021 under the National Recovery Plan, including Pahang State.
Under the Phase 2, Selinsing Gold Mine is now back to production with up to 80% employees being allowed working at the site. Employers must ensure physical distancing and adherence to the standard operating procedures at all times.
CEO and President Cathy Zhai said: “The production starts to be resumed at Selinsing Gold Mine according to our recovery plan. We will be closely monitoring the Covid status and put employees’ safety as priority.”
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 and Tuckanarra JV (20% interest) in the Murchison area of Western A 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
“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.”
$tsoprano-1 welcome to Monument Mining (TSXV:MMY) My Friend - Good to see you @ MMY :-)) I think Goldbull MMY will do very well - :-)) MMY is very oversold and undervalued, Imo!
Joint Venture partner ODY finds more Visible Gold at Stakewell :-)) Also excellent grades from additional Tuckanara drilling....
$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 > ^ > ^ > ^
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 > ^ > ^ > ^
$News Releases - Monument Announces Completion of Upscaled Phase 1 Drilling in the Field at the Murchison Gold Project September 20, 2021 View PDF Vancouver, B.C., September 20, 2021,
$Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce the successful completion of an upscaled Phase 1 18,000 metre air core (“AC”) and reverse circulation (“RC”) drill program at its Murchison Gold Project in Western Australia.
Highlights
Completion of 46 RC holes for 3,465 metres targeting the Munro Bore Extension target as well as the FLC2 and FLC3 prospects, within the Burnakura Project Area. Hole depths ranged from 40 to 160 metres and were located outside of the current resource areas.
A total of 349 AC holes were completed for 10,484 metres focusing on high quality structural targets defined from geophysical surveys in areas of shallow cover.
The Munro Bore mineralized structure has an extension into Monument’s tenement (“Munro Bore Extension”). Geological mapping and interpretation of the completed drilling is in progress, and subject to results obtained, follow up drill programs will be planned.
All of the samples generated from the drilling have been delivered to ALS Geochemistry, Perth, and results are expected to be received between October and November 2021.
A drill program consisting of over 5,500 metres of combined RC and diamond drilling (“DD”) targeting beneath open pits along the high- grade North of Alliance (“NOA”) structure is at an advanced planning stage and selection of a drill contractor is in progress.
Monument commenced its Phase 1 AC and RC drill program on July 3rd 2021 (as announced on July 20th 2021) and completed it by August 21st 2021 (Figure 1).
This first phase of drilling was designed to test new high quality structural targets beneath cover for potential mineralization that may lead to the identification of shallow stand alone or satellite gold deposits to supplement the current resource base.
In addition, the drilling tested the strike continuation at Munro Bore Extension that is adjacent to Munro Bore (not owned by Monument).
Munro Bore has estimated historical resources of 266,000t at 1.6g/t Au (reported in “Technical Project Review and Independent Valuation Report (Short Form)” prepared by Giralia Resources NL and reviewed by Ravensgate Mining Industry Consultants in January 2011).
A total of 46 RC holes for 3,465m were completed against a plan of 12 holes for 1,260m, comprised of 1,301m for the planned Munro Bore Extension and additional 2,164m for the FLC2 and FLC3 prospects that was originally planned in the phase two.
It was brought forward to take advantage of increased drill rig availability.
A total of 349 AC holes were completed for 10,484m at the Authaal East, Burnakura South and Junction targets against a plan of 430 AC holes for 16,680m at Munro Bore Extension, Banderol South and Junction.
The targets were tested as planned except the eastern line of the Junction target was not drilled due to steep terrain.
The depth to blade refusal was generally less than anticipated resulting in fewer metres drilled than originally planned.
Drill holes were angled at 60 degrees and generally spaced at 25m with lines spaced at between 400m to 950m.
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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