Monument Update for Trial Mining at Peranggih Gold Prospect
September 17, 2019 News Release Release #07- 2019
Monument Update for 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 will commence in October, 2019 at Peranggih Gold Prospect
(“Peranggih”). The bulk sample material will be fed i nto 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.
Preparation work for trial mining commenced on August 15, 2019 , primarily to establish access roads from
Peranggih mining site to Selinsing production site . This work included obtaining permits to use 1.5 km of public
road and 10km of private roads from stakeholders, completing access road construction and site clearance.
Access Road Preparation
The Peranggih access road will pass through an existing upgraded track in the Felcra (Federal Land Consolidated
and Rehabilitation Agent) plantation, a forestry area, the public road, as well as several private landholders’
properties (Figure 1).
Monument reached an agreement regarding the road construction and assessment with all stakeholders
including Felcra, the Forestry Department and the Public Works Department of Pahang State , and private
landholders. The public infrastructure already established by the government includes two major bridges across
Telom and Jelai Kecil Rivers that will be utilized for the haulage. A security deposit of USD $60,000 will be placed
with the authority as the assurance for compliance.
A public engagement meeting was held by the Company for the local community and villagers to hear the trial
mining decision. The potential environment impact of full-scale mining activities, such as dust caused by traffic
movement and erosion and sedimentation that might occur during the mining operations was discussed; and
the safety and environmental risk control system were introduced at the meeting. The Company has assured the
local community that any adverse impact on the surrounding environment will be mitigated according to
industry standards . The high environmental standards which have been implemented at the Selinsing Gold
Mine will be applied to all of its operations.
The construction of the haulage road involve s the placement of road base material on the existing track,
upgrading the culvert crossing s, as well as grading the road surface. The total road upgrading cost s are
estimated to be up to USD$150,000. It is expected to be completed by the end of September 2019.
Figure 1: The access road upgrade from Peranggih to Selinsing Plant Site.
Trial Mining
Trial mining will take one month to complete, including mining and feeding into the mill up to 15,000 to nnes of
initial bulk sample s, allowing Monument to obtain a more reliable estimate of gold grades at Peranggih , and
allowing a comparison with the grade control and exploration drilling.
The initial bulk samples will be selected from the exposed mineralizati on in the historic mining area at Central
Peranggih, where a 5m x 5m close spaced RAB drilling program was completed in November 28, 2017. The drill
program successfully delineated a zone of higher grade gold material at Peranggih Central by testing an area of
150m strike length by 80m width and 20m depth, known to contain a significant amount of coarse gold in a
hydrothermal breccia system . The old site in Central Peranggih is bounded to the North and South by
abandoned mining ponds yet to be tested for mineralization by drilling.
The Pahang State Mineral and Geoscience Department has given approval to proceed with the bulk sampling
program. Previous mining activities in the early nineties were carried out by local miners who left behind several
small mining ponds and a minor amount of tailings and historical ore stockpiles (Figure 2). The mining lease was
granted at Peranggih, and it has been registered on 15th March 2019 and valid for 10 years till 14th March 2029.
Figure 2. Exposure of highly fractured quartz breccia
in the existing pit wall.
The bulk sample is expected to be free digging and composed of oxide material . The gold mineralization is
hosted in both matrix supported and clast -supported quartz breccia. Significant coarse free gold has been
observed hosted in the breccia matrix. The matrix is friable an d composed of clay minerals and small rock
fragments, as well as a combination of ore and gangue minerals. The gold minerali zation is thought to be
associated with hydraulic fracturing and associated boiling due to pressure release.
Exploration Program
Depending on the outcome of the trial mining/bulk sampling program, a follow up exploration program may be
designed to test adjacent areas (e.g. the North Pond), and areas within the district with similar occurrences of
brecciated material.
During 2019 s tructural targets related to shear structures have been developed within the Peranggih region. A
wide spaced 100m x 50m soil sampling program (Figure 3) has been completed in the third quarter to test the
extension of the northwest trending structure that hosts the Peranggih mineralization. Samples have been sent
to Intertek, Perth and results are expected to be received in later September, 2019.
Figure 3: Peranggih area within Selinsing District, background geology and exploration work locations.
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, MAusIMM,
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 Wester n Australia. The Company employs approximately 19 0 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 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 inheren t 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 factor s 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 e xpected
timing a nd results of development and exploration activities; costs of future activities; capital and operating expenditures; success of
exploration 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 th at 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 relianc e on forward-
looking statements. The Company does not undertake to update any forward -looking statements, except in accordance with applicable
securities laws.