Monument Mining has received significant assay results from drilling at the Buffalo Reef Central (BRC) and Felda Land deposits at the Selinsing Gold Project in Malaysia.
The company’s 2016 financial year exploration program includes definition and extensional drilling and associated metallurgical test work aimed at updating the resource statement that may potentially increase the life of mine for another five years.
In parallel sulphide ore treatment test work, mine optimization and economic study are progressing towards completion of an updated NI43-101 technical report.
The best results from BRC and Felda are 18.70 metres from 98.55 metres @ 5.82 grams/tonne (g/t) gold, 8.70 metres from 215.3 metres @ 9.54 g/t, 6.0 metres from 135.3 metres @ 5.03 g/t, 3.20 metres from 174.2 metres @ 6.13 g/t, 13.40 metres from 147.1 metres @ 5.22 g/t, 4.70 metres from 62.3 metres @ 13.77 g/t and 17.3 metres from 123.8 metres @ 5.45 g/t.
Drilling this financial year at BRC and Felda deposits included 71 exploration holes for 3548 metres RC drilling and 5964 metres DD drilling, plus 19 holes for 1797 metres of metallurgical drilling. The assay results have confirmed the good continuity of the known mineralization envelopes and their extensions down-dip.
A follow-up drilling program to extend resources is being planned to follow after the completion of an ongoing metallurgical drilling program.
Monument’s exploration focus is to substantially replace gold inventory in the surrounding areas of the Selinsing mine in order to extend the economically recoverable life of mine to support sustainable production for another five years.
The exploration program includes exploration and extensional drilling, resource definition drilling, and infill drilling for improving the confidence in the continuity of the (high) grade intercepts and the knowledge of the geometry of the mineralized bodies, resulting in promotion of inferred to indicated resource categories, and from indicated to measured resource categories. Drilling has also been conducted aiming to collect samples for metallurgical test work, specifically for ongoing sulphide gold recovery test work.
Buffalo Reef exploration is the current focus and is concentrated in the BRC and Felda areas.
The priority for the next few years’ exploration will be primarily carried out at the Company owned property/tenements due to existing good geological, structural and mineralization controls; and metallurgical, mining knowledge that has already been accumulated. All together this will increase the possibility of finding new discoveries quicker, and with a higher likelihood of success.