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Monument Mining Announces Burnakura Phase 1 Assay Results Including High-Grade Gold at Junction Target
VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to anno
About this update from Monument Mining Limited
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce the drill results from the Phase 1 drilling program undertaken in July and August 2021 at the company’s Murchison Gold Project in the Meekatharra region of Western Australia. The Phase 1 program comprised 46 reverse circulation (RC) holes (3,465m) and 349 aircore (AC) holes (10,484m) testing new targets, focusing on areas outside of current resources in the wholly-owned Burnakura project. HIGHLIGHTS OF DRILL RESULTS Significant drill intercepts are show in Table 1 below: Table 1: Highlights of Drill Results Target Drillhole ID Type From (m) To (m) Length (m) Au (g/t) Munro Bore Extension 21BNRC037 RC 31 36 5 1.53 21BNRC038 RC 111 113 2 0.81 and RC 119 122 3 1.91 21BNRC039 RC 60 62 2 1.56 and RC 106 108 2 3.70 FLC2 21BNRC008 RC 5 13 8 0.97 21BNRC026 RC 18 25 7 0.82 Junction 21BNAC213 AC 22 25 3 10.2 including AC 22 23 1 27.3 See Appendix 1 for more detailed hole information. Key results of the drilling program are as following: Munro Bore Extension: 160m strike extension confirmed at the Munro Bore Extension, southwest of the historical Munro Bore deposit (outside of Monument’s tenements). Junction: New high-grade discovery at the Junction target (3m at 10.2 g/t Au including 1m at 27.3 g/t Au from 21BNAC213), where AC drilling intersected gold under transported cover in association with a significant shear zone and no known historical drilling or surface sampling. FLC2: The gold mineralization appears to be associated with various lithological contacts based on the Phase 1 drill program assay results and geological logging. Several holes may need to be extended to determine whether the shallow mineralization previously identified continues at depth. Monument CEO and President Cathy Zhai commented: “The results from the Phase 1 drilling program are highly-encouraging, which confirms the exploration team’s target selection strategy that implemented to identify new zones of mineralization at underexplored areas within the Burnakura Gold Project. The ...