Monument Commences Exploration Drilling Program at Burnakura
May 8, 2018 News Release Release #09 - 2018
Monument Commences Exploration Drilling Program at Burnakura
Vancouver, B.C., May 08, 2018, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) advises that it has commenced a drilling program at Burnakura with a view to increasing its gold
resources in addition to the existing NI43-101 re source estimate Sedar filed on August 12, 2015 in both near
surface oxide and underground fresh materials.
The program will be focused initially on extending the NOA 7/8 mineralization down plunge, subsequent to its
2016 drill program where encouraging grades were intersected. The significant results were described in the news
release dated July 11, 2016, supporting the continuity of mineralization down dip. The program will also provide
additional samples to further progress the metallurgical test work.
Other additional drilling is planned targeting high grade shallow oxide gold occurrences and the depth potential
of several pits within the Burnakura Mining leases.
The drilling contract has been awarded to Mitchell Operations Pty Ltd , who will use a late model Sand vik
DE880HC to perform both RC and DDH drilling totaling 80 holes for 5075 metres. Success of those drill holes
may assist in further optimizing both open pit and underground potential at Burnakura which can potentially be
included into a preliminary economic assessment study, or an early stage production should it be economically
viable.
Details of all three drill programs are presented in Table 1. Drilling is expected to be completed early to mid-June
2018.
Table 1. Drill program:
Drill Programs Holes Meters
NOA 7/8
NOA 7/8 Metallurgical 2 445
NOA 7/8 Deep Exploration 9 2,500
Total 11 2,945
Shallow oxide
FCL3 2 50
Lewis West 30 750
FCL2 10 250
Tough go 6 150
Three stooges 10 250
Old working 4 100
Orex 4 100
Total 66 1,650
NOA 7/8 Deep Exploration Program: Nine deep holes (2,500m in total) are planned to extend the high grade
northerly plunge of the mineralization (figure 1. NOA 7/8 Long Section). In addition, two diamond holes will be
drilled, to provide representative core sample which will undergo metallurgical test work.
Figure 1: NOA 7/8 Long section
Burnakura Shallow Oxide Program: The purpose of the Burnakura shallow oxide program is to delineate high
grade shallow oxide pit material which would form the basis of the first three to six months of the proposed start-
up operation. The planned drilling targets previously identified high grade gold occurrences typically within 20m
from the surface on the Burnakura leases. It is envisaged that tight space drilling can potentially extend these high
grade occurrences. An example in the figure 2 below is the Lewis West shallow oxide occurrence:
Deep pit Holes Meters
ANA 1 255
Banderol 1 125
Authaal 1 100
Total 3 480
Figure 2: Lewis West-Plan View
Burnakura Deeper Pit Program: The deeper pit program aims to e xtend mineralisation under previously
operated pits within the Burnakura leases (Figure 3: ANA Section View Looing North) . Three pits have been
selected to be tested at depth: Alliance and New Alliance (“ANA”), Authaal and Banderol.
Figure 3: Alliance and New Alliance: Section View Looking North
The scientific and technical information in this press release has been prepared by Mark Lynch-Staunton, MCSM),
MAIG, B.Sc Hons Exploration Geology, M.Sc Mining Geology ; and supervised and approved by Roger Stangler ,
MEng, MAusIMM, MAIG, a Qualified Person as defined by NI43-101, both retained by Monument Mining
Limited.
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 and 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 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]
"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, events 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 expres sed or implied
by the forward -looking statements. These risks and certain other factors include, without limitation: ri sks related to general business,
economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration acti vities;
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 mine rals; 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 exploratio n activities;
mining or processing 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 actual results to differ mate rially
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.