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Monument Mining Announces Drill Results at Peranggih Gold Prospect in Malaysia
VANCOUVER, British Columbia, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to an
About this update from Monument Mining Limited
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (\"Monument\" or the \"Company\") is pleased to announce drill results from the reverse circulation (“RC”) drilling program at South and Central areas of the Peranggih Gold Prospect (“Peranggih”), located approximately 10km north of Selinsing Gold Mine. The RC drilling program was carried out from March to July 2021. The main objective of this program is to delineate shallow mineralization approximately 50m below the surface that can be potentially developed and quickly mined to feed the existing oxide plant at the Selinsing Gold Mine should the assay and block model results be satisfactory (Figure 1). Significant Intercept Results PGRC076: 5m at 6.88 g/t Au from 10m including 3m at 11.06 g/t Au from 11m PGRC077: 14m at 1.50 g/t Au from 16m including 4m at 4.30 g/t Au from 19m PGRC089: 13m at 1.39 g/t Au from 11m including 2m at 5.30 g/t Au from 11m PGRC102: 9m at 1.52 g/t Au from 29m including 1m at 10.21 g/t Au from 36m PGRC113: 21m at 1.24 g/t Au from 21m including 7m at 2.58 g/t Au from 21m PGRC117: 10m at 1.56 g/t Au from 8m including 5m at 2.61 g/t Au from 10m See details in Appendix 1-Summary of Drill Results (0.35 g/t cut-off grade) 2021 RC Drilling Program The RC drilling program consisted of 68 RC holes for 3,317m, to a maximum depth of 70m for 3 holes (Figure 2). 3,901 samples were assayed at the onsite laboratory at Selinsing Gold Mine (the “Lab”). The final assay results were received on August 15th 2021. The drill program confirmed the extension of significant mineralization down-dip of the previously explored area by shallow percussion rotary air blast (“RAB”) drilling along the North-West striking shear structure. Overall, 70% of the designed holes hit gold mineralization above an oxide cut-off (>0.35 g/t Au Au) at relatively shallow depth, 50m below the surface. The results defined wider lower grade mineralization over an 830m long by 60m wide zone (Figure 2). The 2021 RC drilling was conducted in two phases to optimize each phase, improving the potential to hit the targeted mineralization. Phase 1 drilling was carried out from March to April 2021 at 20m by 20m nominal spacing and the average depth of 48m, involving 34 drill holes for a total 1,697m. Phase 1 drilling targeted high and low grade s...