Monument Starts Trial Mining at Peranggih Gold Prospect

VANCOUVER, British Columbia, Feb. 11, 2020 (GLOBE NEWSWIRE) --  Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce that a trial mining program commenced on January 20^th 2020 at Peranggih Gold Prospect (“Peranggih”) in Peninsular Malaysia, Pahang State. The bulk sample material will be fed into the existing Selinsing oxide gold processing plant to confirm the average grade of the close-spaced drilled area, to quantify the presence of coarse gold and to test the metallurgical performance at plant scale.

The trial mining originally planned to commence in October 2019 was delayed due to the monsoon season that brought heavier rainfall than anticipated, which severely affected the earthwork and road construction activities.

A 11,428 ton bulk sample is planned to be mined and sent to the Selinsing run-of-mine pad to feed the mill in one campaign at 1,024 average tons/day production rate, which is expected to be completed by early March 2020. The first two-week mining operation has delivered a total 14,342 tons of material including 5,558 tons of bulk sample and 8,784 tons of waste.

Bench mapping was conducted during the trial mining period to have a better understanding of the geology of Peranggih. From the data collected so far, quartz breccia was observed as bands (10cm-30cm thickness) within the predominantly tuff country rock and associated with both low grade and high grade ore blocks. Massive quartz breccia was found within the excavation area in multiple locations. Visible gold has been seen in the brecciated quartz material. Quartz vein material was sometimes found in the quartz breccia but was nearly always brecciated, as seen in the photo below (Figure 1).

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/017e210e-c478-40a5 ...

The trial mining program is being conducted following the completion of the Peranggih haulage road which is open for trucking activities (Figure 2). The haulage road underwent major construction work that includes installing 14 new culvert crossings along the 10km length from Selinsing Northern tenement boundary to the south of Peranggih tenement and cut and fill activities that were undertaken from the Sungai Durian until Sungai Kura tributaries for a total length of 2 km, to provide efficient transportation of material from Peranggih project to Selinsing plant site (Figure 3). The safety bund was erected along the haulage road to provide protection and mitigation in an emergency situation. Further improvements to the road surface will be made to allow the road to be used the all-weather condition in the future.