Monument Commences 3D Structural Geological Study at the Murchison Gold Project
August 15, 2019 News Release Release #06- 2019
Monument Commences 3D Structural Geological Study at the Murchison Gold Project
Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is
pleased to announce the commencement of a 3D structural geological study at the Murchison Gold Project as part
of exploration work under the Murchison development strategy. The Murchison Gold Project is 100% owned by
Monument Mining Limited through its wholly -owned Australian subsidiary, Monument Murchison Pty Ltd, and
consists of the Burnakura, Gabanintha and Tuckanarra projects in Western Australia.
Background
The Murchison Gold Project has historical resources of 640,000 gold ounces and a fully operational camp. From
acquisition in February 2014 to date, a total of 381,000 gold ounces have been either converted or discovered to the
current resources under NI43 -101 standards at Burnakura alone. The existing Burnakura gold processing plant is
ready to be upgraded for production with a newly designed and refurbished three stage crushing plant and be placed
into production at Burnakurra site. Several studies were carried out over last couple of years for potential early stage
production with positive results. Based on this, the Company has decided to further increase the gold inventory to
optimize the economic outcomes with an exploration strategies, aiming to explore for a larger gold system.
In fiscal 2019, the Company further collected and assembled all historical and current geological data, and
completed the 2D structural geological modeling and interpretation, which has provided initial exploration targets.
An exploration program has been tabled for management review to test the targets.
3D Geological Structural Study
The major exploration potential is down deep of the historical multiple open pits and surrounding areas, as a result,
a 3D structural geological study has now been initiated to support deep drilling target generation for the drilling
program. Principal structural geologist s, Dr. Jun Cowan (JunCowan) and Dr . Oliver Kreuzer (X -plore
GeoConsulting) will perform the study which is comprised of a 3D survey, data analysis, 3 D modeling, and
reporting at the Burnakura and Gabanintha projects, anticipated to be completed in 6 weeks (See Figure 1, Project
Location Map).
As an outcome, the the geological structural architecture would allow us to determine near-mine targeting for short-
term practical drilling to extend resource, and to generate potential targets for the long-term prospect of Monument
Mining.
Figure 1, Project Location Map
Up to date, mapping with a focus on structural measurements has been completed on the open pits and will be
incorporated within a 3D structural model. Results of the study will directly guide and provide targets for a follow
up drilling program.
In addition to the underground Resource potential, a regional targeting study for new discoveries is also being
undertaken using existing gravity, magnetic and electromagnetic data enhancement filtered by Dr Amanda
Buckingham (Fathom Geophysics). Specialized filtering techniques are being used to identify untested structures
in favorable settings. It is expected that the targets developed will also be drilled.
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 experien ced 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 Tuckanarr a in the
Murchison area of Western Australia. The Company employs approximately 190 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
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]
"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."
Forward-Looking Statement
This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward -
looking statements”). Forward -looking statements are statements that involve expectations, plans, objectives or future events that are not
historical facts and include the Company’s plans with respect to its mineral projects and the timing and results of proposed programs and
events referred to in this news release. Generally, forward-looking information can be identified by the use of forward-looking terminology
such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", " anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, even ts or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". The forward -looking statements in this news release are subject to various
risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by
the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic,
competitive, geopolitical and social uncertainties; unce rtainties regarding the results of current exploration activities; uncertainties in the
progress and timing of development activities; foreign operations risks; other risks inherent in the mining industry and other risks described
in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available
under the profile of the Company on SEDAR at www.sedar.com. Material factors and assumptions used to develop forward -looking
statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash
flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument;
assumptions and expectations regarding the results of exploration on the Company’s projects; assumptions regarding the future price of
gold of other minerals; the timing and amount of estimated future production; the expected timing and results of development and exploration
activities; costs of future activities; capital and operating expenditures; success of exploration activities; mining or proc essing issues;
exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical
reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Although the
Company has attempted to identify important factors that could cause act ual results to differ materially from those contained in forward -
looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update
any forward-looking statements, except in accordance with applicable securities laws.