Monument Announces Drill Program Results at Selinsing Gold Mine Pit 4
November 7th, 2019 News Release Release #11 - 2019
Monument Announces Drill Program Results at Selinsing Gold Mine Pit 4
Vancouver, B.C. Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) (“Monument” or the “Company”)
is pleased to announce encouraging drill results from a 681m diamond drill program for 14 holes at the Selinsing
Gold Mine Pit 4 west wall, which has the potential to increase the current Selinsing gold resources. Additional
opportunities for infill and extension drilling were identified (see Figure 1).
Figure 1: Pit 4 Oblique view looking west
Significant Intercept Results
Assay result s above 0.35 g/t Au (Monument’s oxide cut -off) are listed below (Table 1) including significant
intercepts from MSMDD211 (2m @ 1.06 g/t from 40m) , MSMDD215 (2.6m @ 7.62 g/t from 54.2m) and
MSMDD217 (8.5m @1.33g/t from 14.5m), which indicates that the mineralization has extended outside of the
resources defined in the NI43 -101 report (the “January 2019 Snowden Feasibility Study”) . However, it does not
extend west beyond the currently known footwall plane. Additional information on drilling results from this drill
program is shown in Appendix 1, and collar locations are presented in Figure 2.
Table 1: Significant Intercept Results for DD drilling program
Hole ID (Az, Dip)
(degrees)
Hole
Depth
(m)
From
(m)
To
(m)
Intercept
(m)
True
Width (m)
Au
(g/t)
MSMDD211 (262, -60) 60 40.0 41.0 1.0 1.0 0.95
41.0 42.0 1.0 1.0 1.17
MSMDD212 (262, -60) 60 4.8 5.8 1.0 1.0 0.93
MSMDD213 (262, -60) 60 2.0 3.5 1.5 1.5 1.32
49.7 50.9 1.2 1.2 1.41
MSMDD214 (262, -60) 60
14.0 15.5 1.5 1.5 1.70
16.2 17.2 1.0 1.0 0.57
30.5 31.5 1.0 1.0 0.36
33.5 35.0 1.5 1.4 0.47
35.0 36.5 1.5 1.4 1.63
36.5 37.5 1.0 1.0 0.40
43.5 44.5 1.0 1.0 0.37
MSMDD215 (262, -60) 80
29.0 30.5 1.5 1.5 0.36
54.2 55.5 1.3 1.3 11.80
55.5 56.5 1.0 1.0 3.43
63.5 65.0 1.5 1.5 0.76
65.0 66.5 1.5 1.5 0.70
MSMDD217 (0, -90) 40
14.5 15.5 1.0 0.6 0.45
15.5 17.0 1.5 1.0 0.48
17.0 18.5 1.5 1.0 2.32
18.5 20.0 1.5 1.0 2.33
20.0 21.3 1.3 0.8 1.23
21.3 23.0 1.7 1.1 1.16
MSMDD218 (0, -90) 51
5.3 6.5 1.2 0.8 1.00
6.5 7.0 0.5 0.3 1.26
7.5 8.0 0.5 0.3 0.37
MSMDD224 (262, -60) 30 11.0 12.3 1.3 1.2 0.73
12.3 12.9 0.6 0.6 0.75
Figure 2: Pit 4 Drill Hole Map (Proposed and successful holes)
Pit 4 Drilling and Interpretation
The Pit 4 West Wall is considered the most suitable and prospective opportunity for additional immediate oxide
mill feed. Under this drill program 14 holes were drilled for a total of 681m at Selinsing Pit 4. The results from 11
infill holes at the southwestern corner of Pit 4 show promising intersections and confirm the continuity of the high
grade mineralized structure within a 60m corridor along the strike length.
North West Wall: Grade control data on the North West Wall suggests that there is significant mineralization left
behind that was delineated by previous drilling programs. This mineraliz ation needs to be quantified and better
delineated through a short drilling program (see Figure 3: “North West Wall”).
Figure 3: North West Wall
The current pit outlined in the 2019 Snowden feasibility study is based on the resource model from the previous
exploration RC drilling results and does not include the grade control information. The close space GC data shows
more intense mineralization as compare d to the result s obtained from RC holes which indicate th at the previous
drilling may understate the presence of stronger gold occurrence within this area especially within 60 meter strike
corridor between section 2100N-2140N.
Three holes drilled (MSMDD 219, 220, 221) at the northwest corner of pit 4 confirmed that the mineralization does
not extend west beyond the currently known footwall plane.
MSMDD221
The 2018 pit outline does not include the
potential super high grade extension
highlighted in the red area.
South West Corner: There is also a significant portion of shallow mineralization in the southwest corner of pit 4
which has not been included in the current resource model in the 2019 Snowden Feasibility Study. Based on new
geological/structural inputs, infill and step out drill holes were designed to extend and upgrade this mineralization
(see Figure 4. “Series Sections towards South").
There is an opportunity to mine the ore located at the pit wall between section 1810N to 1860N approximately
within 50m strike corridor (sections ‘c’ to ‘e’). The mineralization in this area contains high and low grade oxide
material according to assay results.
Figure 4: Series Sections towards South (in red interpretation for mineralisation boundaries).
a. Section 1780N: MSMDD216 b. b. Section 1800N: MSMDD211, MSMDD212 & MSMDD213
c. Section 1820N: MSMDD214 & MSMDD215 d. Section 1840N: MSMDD218 & MSMDD223
MSMDD216 MSMDD212 MSMDD211
MSMDD213
MSMDD214
MSMDD215
MSMDD223
MSMDD218
e. Section 1860N: MSMDD217 & MSMDD222 f. Section 1880N: MSMDD221
The infill drilling results confirmed good continuity of moderately dipping mineralized structures at the southwest
corner of Pit 4. Pit optimizations will now need to be run to include the results of this drill program. The
mineralization is hosted in quartz stockwork within faulted and sheared tuffaceous sediment.
QAQC on Sample Collection and Assaying
The holes were drilled with NQ2 sized diamond drill bits for drill holes repor ted in this press release. Employees
of Monument conducted all logging and sampling. The core was logged and marked up for sampling using sample
intervals of 0.5m to 1.5m according to geological contacts. Samples were then cut into equal halves using a diamond
saw. One half of the core was left in the original core box and stored in a secure location at the Selinsing core yard
within the Selinsing mine area. The other half was sampled, catalogued and placed into sealed bags and securely
stored at the site until it was shipped to SGS Raub, where sample preparation was completed. The core was dried
and crushed by the Lab and a 150 gram pulp was prepared from the coarse crushed material.
The gold analysis is completed at SGS Bau, Kuching, using a 30 gram charge and fire assay with an atomic
absorption finish. Quality control procedures included the systematic insertion of blanks, duplicates and sample
standards into the sample stream. In addition, the Lab inserted its own quality control samples. The results of the
control samples are evaluated on a regular basis with batches re-analyzed and/or resubmitted as needed.
The scientific and technical information in this press release has been prepared by Adrian Woolford, B.Sc. (Hons)
Chief Geologist of Monument Mining Limited; and reviewed and approved by Roger Stangler, MEng, FAusIMM,
MAIG, a Qualified Person as defined by NI43-101, retained by Golder Associates Pty Ltd.
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
advancing several exploration and development projects including the Mengapur Copper -Iron Project, in Pahang
State of Malaysia, and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra in the
Murchison area of Western Australia. The Company employs approximately 19 9 people in both regions and is
committed to the highest standards of environmental management, social responsibility, and health and safet y for
its employees and neighboring communities.
MSMDD222
MSMDD217
MSMDD221
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 [email protected]
Wolfgang Seybold, Axino GmbH T: +49 711-82 09 7211 [email protected]
Appendix 1 – Summary of Drilling Results (0.35 g/t cut-off grade)
*Local Mine Grid (m)
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accepts responsibility for the adequacy or accuracy of this release."
Forward-Looking Statement
This news release includes statements containing forward -looking information about Monument, its business and future plans (“forward -