Monument Mining Expects National Instrument 43-101 Report by Late November 2011 on the Mengapur Polymetallic Project, Pahang State, Malaysia and Completes a Positive In-House Due Diligence Study

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Nov. 18, 2011 /CNW/ - Monument Mining Limited (TSX-V: MMY and\n FSE:  D7Q1) (\"Monument\" or the \"Company\") is pleased to announce that it has completed its technical due\n diligence on the Mengapur Project. A National Instrument 43-101 (\"NI 43-101\") compliant Technical Report on the Mengapur Polymetallic Cu-S-Au-Ag\n Project (the \"Mengapur Project\") is expected to be filed under www.sedar.com in late November 2011. The Mengapur Project is located in the Pahang\n State, Malaysia, 16 km from the town of Sri Jaya and a major highway,\n approximately 75 kilometers from the Malaysian port of Kuantan, and 130\n kilometers from Monument's wholly owned Selinsing Gold Mine. The\n Company announced previously that it has signed a binding memorandum of\n understanding with the owner of the Mengapur Project in acquiring 70%\n of the Mengapur Project, subject to due diligence, the board approval\n and all other regulatory approval.\n\n\nIn October 2011, the Company engaged Snowden Mining Industry Consultants\n (\"Snowden\") to prepare a NI 43-101 compliant technical report to be entitled \"NI\n 43-101 Technical Report, Monument Mining Ltd., Mengapur Property,\n Pahang State, Malaysia\" and to be dated November 2011 (the \"Snowden Report\").  In preparing the Snowden Report, Snowden has reviewed the 10-volume\n study completed in 1990 by Normet Engineering Pty. Ltd., Australia,\n (the \"Historical Study\") and the Company has received the results of such review.  The\n information in the Historical Study was a result of 10 years of work at\n an estimated cost of approximately US$40 million that included over\n 58,000 m of diamond drilling.  The exploration program was conducted in\n the 1980's and was carried out by Malaysian Mining Corporation, a\n Malaysian government owned corporation.\n\n\nThe Historical Study states a historical resource at the Mengapur\n Project for both oxide and sulfide material at 224.409 million tonnes\n averaging 6.54% sulfur, 0.25% Cu, 0.16 g/t Au, and 8.86 g/t Ag, or\n 0.597pct Cu equivalent at a 0.336pct Cu cutoff grade (see Table 1\n below).  The historical proven and probable sulfide reserve located\n within the Lerchs Grossman optimized pit (SP6 Design pit) in just Zone\n A at a 0.336pct EQV Cu cutoff grade contains a total of 64.8 million\n tonnes averag...

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