Monument Announces Significant Intercepts Assay Results at Buffalo Reef/Felda
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 11, 2016) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" is pleased to announce that significant intercepts assay results have been received for the Buffalo Reef Central ("BRC") and Felda Land ("Felda") deposits at Selinsing Gold Mine driven by Monument's fiscal 2016 exploration programs ("FY2016 Exploration"). The FY2016 Exploration includes definition and extensional drilling and associated metallurgical test work to update resource statement that may potentially increase the life of mine for another five years. In parallel, sulphide ore treatment test work, mine optimization and economic study are progressing towards completion of an updated NI43-101 technical report.
Highlight of the best intercepts and exploration progress at BRC and Felda
HOLE ID | From(m) | To (m) | Au g/t | Interval Length /Grade |
MBRDD454 | 98.55 | 117.25 | 5.82 | 18.70m @ 5.82g/t |
MBRDD458 | 135.3 | 141.3 | 5.03 | 6.00m @ 5.03g/t |
MBRDD458 | 215.3 | 224 | 9.54 | 8.70m @ 9.54g/t |
MBRDD463 | 174.2 | 177.4 | 6.13 | 3.20m @ 6.13g/t |
MBRDD470 | 147.1 | 160.5 | 5.22 | 13.40m @ 5.22g/t |
MBRDD493 | 62.3 | 67 | 13.77 | 4.70m @ 13.77g/t |
MBRDD493 | 123.8 | 141.1 | 5.45 | 17.3m @ 5.45g/t |
FY2016 Exploration at BRC and Felda deposits included 71 exploration holes for 3,548 meters RC drilling and 5,964 meters DD drilling, plus 19 holes for 1,797 meters of metallurgical drilling (Figure 1"Drill hole Location Plan for composited assays greater than 1.0g/t"). 10,582 assay results have been received, confirming the good continuity of the known mineralization envelopes and their extensions down-dip. A follow-up drilling program to extend resources is being planned after the completion of an ongoing metallurgical drilling program.