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Murchison Gold Project First Round of RC Assay Results and Scoping Study Update
Best Intercepts of 3m @ 19.58g/t Au (including 1m @ 53.2g/t), and 5m @ 10.32g/t Au includ...
About this update from Monument Mining Limited
[{"type":"text","content":"\n\n\n\n\nBest Intercepts of 3m @ 19.58g/t Au (including 1m @ 53.2g/t), and 5m @ 10.32g/t Au including 1m @ 46.9g/t obtained in extensions to mineralisation*\n\n\n\nVANCOUVER, Aug. 27, 2014 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) \"Monument\" or the \"Company\" is pleased to announce the first round of drilling results from the resource drilling programme at the Murchison Gold Project in Western Australia, through its wholly owned Australia subsidiary Monument Murchison Pty Ltd. The Murchison Gold Project is 100% owned by Monument Mining Limited and consists of the Burnakura and Gabanintha projects.  Figure 1 shows a Location Plan for the Project (Appendix 3).\n\nHighlights of the drill results\n\nTo date, a total of 93 RC holes have been completed in this first phase of drilling at Alliance and New Alliance, with assay results from 64 holes now available.  Table 1 in Appendix 1 shows a breakdown of fire assay results completed by SGS Australia for intervals of mineralisation greater than 0.5g/t Au.   Table 2 in Appendix 2 contains the location details for all drillholes assayed to date.  Figure 2 shows the distribution of drill holes containing mineralised assay results greater than 0.5g/t Au (Appendix 4). \n\nThe majority of drilling to date has been drilled at 60° inclination towards grid west, or as vertical holes.  This drilling has confirmed the Alliance/New Alliance mineralisation is hosted within several north to northeast trending, moderately east dipping (~30°) narrow quartz veined zones with an average true thickness varying from 2 metres to 5 metres. Drillhole orientation was designed to target perpendicular to mineralisation for true thickness, except where vertical holes were drilled – See Table 1.  True thickness of mineralisation will be calculated once a resource model is compiled.  The drillhole intercepts here represent the actual sample intervals obtained from drilling.\n\n\nExploration Manager, Lisa Wells, has said that pleasing results have been obtained from this first round of drilling at Alliance and New Alliance.  She said \"Drillholes targeting extensions to the historical mineralization which trend along the eastern side of the Alliance Pit and the western side of the New Alliance pit have increased the mineralizatio...