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Monument Mining Drills 6.0 Metres of 3.07 g/t Gold at Selinsing Gold Mine in Malaysia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2017) - Monument Mining Limited (TSX VENTURE:MMY) (FRANKFURT:D7Q1) "Monument" or the "Company" is pleased t
About this update from Monument Mining Limited
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2017) - Monument Mining Limited (TSX VENTURE:MMY) (FRANKFURT:D7Q1) \"Monument\" or the \"Company\" is pleased to report significant results from its recently completed drilling program at the Peranggih Gold Prospect, located approximately 10 km North of the Selinsing Gold Mine (Figure 1). A close spaced 5m x 5m Rotary Air Blast (RAB) drilling program together with previous exploration has successfully delineated a zone of higher grade gold material, indicating that the mineralization occurs in the same regional shearing structure hosting Selinsing and Buffalo Reef deposits. Highlights of Significant Intercepts The recent 2017 close spaced RAB drilling program was carried out at an historic mining site to test 150m strike length x 80m width of the mineralization. This allowed the accurate identification of several high grade gold (HG) zones surrounded by a main low grade (LG) halo. The significant drill intersections (Au >2.0 g/t & >5m length) within a more consistent high grade gold area are presented in Table 1.The full set of drill results for the holes intercepting this HG gold mineralization occurrence are listed in Appendix A and Appendix B. The Peranggih Prospect has been identified as a new Gold Field that has the potential to host a significant mineralized hydrothermal breccia system. Figure 1 - Local Geology of the Peranggih Area Table 1: Highlight of the best intercepts at Peranggih - Close Spaced RAB Drilling in 2017 HOLE ID* From(m) To (m) Drilled Width (m) ~True Width (m) Au g/t 1_PGC006 2 8 6.0 4.3 3.07 1_PGC007 0 10 10.0 6.7 2.94 1_PGC019 0 10 10.0 7.7 2.28 1_PGC020 0 5 5.0 3.9 2.68 1_PGC428 1 10 9.0 6.6 3.14 1_PGC429 1 10 9.0 8.0 2.34 1_PGC430 0 10 10.0 8.7 2.49 *all vertical holes The low and high grade gold mineralization is hosted in both matrix supported and clast supported quartz breccia. Significant coarse free gold was observed hosted in the breccia matrix. The matrix is friable and loose material composing clay minerals and small rock fragments, as well as mixed ore and/or gangue minerals (Figure 2). Figure 2 - Exposure of highly fractured quartz breccia on the old pit wall This leads to a nugget effect on the gold distribution throughout the deposit. The presence of well crystallized coarse free disseminated gold in the matrixes was not well ...