Monument Starts Trial Mining at Peranggih Gold Prospect
February 11, 2020 News Release Release #01- 2020
Monument Starts Trial Mining at Peranggih Gold Prospect
Vancouver, B.C. 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 multip le 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. Peranggih-Massive quartz breccia with quartz veins.
1cm
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 m ajor construction work that includes
installing 14 new culvert crossing s 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 s ituation. Further improvements to the road surface will be made to allow the road
to be used the all-weather condition in the future.
Figure 2. Bulk sample trucking from Peranggih
Trial Mining Site.
Figure 3. Trial Mining Site at Peranggih Prospect
with access road upgrade to Selinsing Plant Site.
Preparation work at Peranggih for trial mining included: demarcation of tenement boundaries, starter pit outline,
building a siltation pond , and marking the bulk sample blocks on the area that was drilled for grade control
previously. The drill program at Peranggih in 2017 and 2018 successfully delineated a broad 15m-20m wide high-
grade zone and multiple isolated high -grade zones, surrounded by a halo of lower grade gold mineralization. It
proved the prese nce of disseminated gold in the breccia matrix. A preliminary metallurgical investigation was
carried out on the Peranggih Oxide ore 2014 DD core samples, showing an average recovery of the oxide material
by cyanide leaching exceeding 80% with the highest recovery up to 98%.
At the Peranggih tenement, l ess than 10% of the total mineralization strike structure length was drilled to date
and the gold mineralization is still open along strike and down-dip. The extensive nature of the brecciation events
indicates prospectivity for a significant gold discovery within the Peranggih goldfield. Additional exploration
drilling can bridge the information gaps on the expected mineralization, in addition to grade control drilling which
may be extended at Peranggih North or to test other targets. Opportunities are anticipated to extend and better
define a mineral resource and improve grade in the richest, brecciated central zone, also in between previously
drilled and modeled domains.
Depending on the outcome of the trial mining program, a follow up exploration program may be designed to test
adjacent areas (e.g. the North Pond), and areas with similar occurrences of brecciated material within the district.
The scientific and technical information in this press release has been prepared by Adrian Woolford, B.Sc. (Hons)
Chief Geologist of Monument Mining Limited; 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 8 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 Media 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 pro grams 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 cer tain 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 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 u ncertainties; uncertainties regarding the results of current exploration activities;
uncertainties in the progress and timing of development activities; foreign operations risks; other risks inherent in the min ing 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 a nd 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 ma nagement 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 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.