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Monument Mining Announces Significant Intercepts at Peranggih
VANCOUVER, British Columbia, July 16, 2018 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V:MMY) (FSE:D7Q1) “Monument” or the “Company” is pleased to announce
About this update from Monument Mining Limited
[{"type":"text","content":" VANCOUVER, British Columbia, July 16, 2018 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V:MMY) (FSE:D7Q1) “Monument” or the “Company” is pleased to announce the drill results received from the infill and extension drilling program (“the 2018 drilling program”) at the Peranggih Gold Prospect (“Peranggih”) initiated in February 2018. Highlight of the Best Intercepts at Peranggih HOLE ID* From(m) To (m) Drilled Width (m) ~True Width (m) Au g/t PGDD032 0.0 8.9 8.9 8.6 4.29 PGDD040 47.3 49.9 2.6 2.3 3.37 PGDD059 3.6 9.0 5.4 4.7 2.42 PGRC006 32.0 42.00 10.0 9.8 10.29 PGRC019 28.0 32.0 4.0 2.6 4.86 *all holes dipping 60 degrees to Azimuth 270 degrees. Peranggih is located approximately 10 km North of the Selinsing Gold Mine (Figure 1). It has been identified as a new Gold Field hosting a significant mineralized hydrothermal breccia system. It has 1.2 km strike length with width varying from 25m to 50m, and depth from 40m to 70m. The mineralization occurs in the same regional shearing structure hosting Selinsing and Buffalo Reef deposits. The country rock of argillite, felsic tuff and discreet black shale were highly deformed as observed at Peranggih North’s more exposed area. The shear zone is more pronounced at the boundary of black shale and argillite and these structures are significant for the gold emplacement and deposition and continue to be a prime target for exploration. Figure 1 The 2018 Drilling Program at Peranggih The 2018 drilling program is designed to cover strike and down dip extensions of the high grade mineralization area at an historical mining site at Peranggih North. This mineralization of 150m strike length x 80m width was identified in 2017 through a 5m x 5m close spaced RAB drilling program. The aim of the 2018 drilling is to test continuity of the mineralization, and to verify extension down dip and along the strike for other zones trenched and drilled previously including Peranggih South, North 114 and NW. The 2018 drilling program has completed a total of 2,725m of drilling from 55 drill holes, comprised of 1,015m for 21 DD drill holes and 1,710m for 34 RC drill holes at Peranggih North, South and North 114 areas (Figure 2). The location of the completed drill holes in relation to the four zones is shown in Figure 2. All completed exploration drill holes are inclined and dipping 60 degrees to...