Monument Mining has commenced initial exploration at the recently acquired Murchison Gold Project in Western Australia through its wholly-owned Australia subsidiary Monument Murchison Pty Ltd.
The objective of the initial programs is to study the shallow, near-surface open cut mineralization at Alliance open pit with the intention of providing commercial outcomes within a 12-18 month time frame. Alliance is one of several historic open pits in the southern area of the Burnakura property of the Murchison project.
The study will aim to confirm the historical resource at Alliance and improve geological confidence to potentially add mineral resources for mine planning purposes. The proposed exploration programs consist of infill, extensional and resource definition drilling, metallurgical test work and geotechnical evaluation budgeted at Aus$2.95 million. Environmental permitting is under way to enable this work to be carried out.
While the company awaits approvals from the Department of Mines and Petroleum, compilation and validation of the resource database information is being conducted along with exploration target planning based on the extensive drilling and geochemical database.
Metallurgical test work will be conducted on PQ diamond core samples to establish recoveries and streamline process flow designs for the Burnakura CIL/CIP plant for efficient production outcomes. Test work will also commence on heap leach viability of selected drill core samples to confirm the reliability of test work completed previously.
Regional exploration has also been planned following the initial exploration programs for the Murchison project. It will include broad based geochemical investigations under sheet wash cover typical of the region, as well as initial exploration RC drilling at Gabanintha, which will follow-up the gold and copper intersections drilled by the previous owner.
The mineral resource, metallurgical and process engineering information will provide the inputs into mining engineering and optimization studies for mine design. The resource drilling will also validate the previous drilling in order to upgrade the mineral resource from an historical estimate to a NI43-101-compliant mineral resource.
Monument has engaged the services of Lisa Wells, consultant from MLM Drilling, as exploration manager for the project. Lisa has 19 years of experience as a geologist with previous positions held including exploration manager and technical director of ASX listed companies.
The Murchison project consists of both the Burnakura and Gabanintha properties, located near Meekathara in the Murchison Mineral Field, about 765km north of Perth.
Monument Mining is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration and development projects in Malaysia, including the development stage, Mengapur Polymetallic Project.