Monument Mining Limited

Published : February 07th, 2008

's Phase I Drill Program Confirms Previous Drill Results on Buffalo Reef

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

 

 

Dear 24h

February 6, 2008

 

 

We are pleased to forward you our recent News Release announcing that :
Monument's Phase I Drilling Program Confirms Previous Drill Results on Buffalo Reef Project 

Vancouver, B.C. Monument Mining Limited (TSX-V:MMY and FSE:D7Q1) ("Monument" or the "Company") is pleased to announce the first assay results from 1,000 metres of confirmation drilling during the second quarter of fiscal 2008 on Buffalo Reef Project, located in the Mukim of Hulu Jelai, District of Kuala Lipis, as part of the northwest Pahang State of Peninsular Malaysia.

 The gold deposit on Buffalo Reef Project is part of the 4.2km continuous and contiguous ductile & brittle north trending shear hosted gold mineralization. This shear zone is believed to be related to thrusting. The current drilling program is planned to test the gold deposition along the north trending shear system that dips moderately to steeply to the east. At Selinsing which represents the southern part of the system, the deposition of gold is associated with multiple parallel high grade quartz fissure veins within the 200m width of ductile and brittle shear zone.

 In September 2007, the Company announced commencement of the Phase I Exploration Program on Buffalo Reef Project. The phase I drilling program involves 1000m of RC drilling and 1400m of Diamond Drilling.  The purpose of the Phase I program is to confirm previous results, achieve a better understanding of Buffalo Reef Project and to undertake both confirmation RC drilling as well as some diamond drilling as recommended  by Vancouver consultants Orequest Consultants Ltd. in its NI-43-101 Summary Report on the Buffalo Reef Project filed on SEDAR on 19th June 2007. To date Monument has completed the stage 1 RC drilling program. The first assay results have been reported in January, 2008 by Ultratrace Pty Ltd Analytical Laboratories of Perth, Western Australia, a NATA accredited laboratory which complies with requirements of ISO/IEC 1725:2005.  The assay results are summarized in Table 1.

 

Table1.   Assay Results Summary 

HOLE

FROM

TO

Downhole Thickness (m)

Average Grade (g/t)

MBRRC0003

41

54

13m

5.76

Includes

46

48

2m

26.9

MBRRC0004

43

45

2m

7.77

Includes

43

44

1m

14.3

MBRRC0004

50

54

4m

1.46

MBRRC0004

59

61

2m

6.34

MBRRC0004

63

64

1m

4.62

MBRRC0005

25

28

3m

3.09

MBRRC0005

29

30

1m

8.74

MBRRC0005

32

36

4m

3.61

MBRRC0006

32

35

3m

5.5

MBRRC0007

24

26

2m

1.35

 

 

 

 

 

MBRRC0007

35

42

7m

2.43

MBRRC0008

48

55

6m

1.3

Includes

54

55

1m

4.96

MBRRC0009

7

14

7m

3.99

Includes

9

13

4m

6.13

MBRRC0009

48

49

1m

2.79

MBRRC0010

4

8

4m

3.28

MBRRC0011

19

26

7m

5.51

Includes

24

25

1m

17.6

MBRRC0012

23

27

4m

5.48

MBRRC0013

5

9

4m

2.58

MBRRC0014

5

12

7m

1.29

MBRRC0015

16

19

3m

5.48

MBRRC0016

16

27

11m

5.91

Includes

21

23

2m

16.85

MBRRC0017

29

36

7m

4.11

MBRRC0017

30

33

3m

7.6

 

The first 1000m of the RC confirmation drilling program was conducted at the southern zone of the Buffalo Reef gold mineralization. The program was carried out at a nominal 20m x 20m drill pattern that covers a strike length of approximately 200m. The drillholes were drilled at 60˚ toward 270˚ to a downhole depth of 60m to 70m. Mr. Zaidi Huran, Vice President of Exploration, said: "We are very pleased with the first drilling results. They demonstrate the good continuity of mineralization along strike and down dip and at the same time it is expected to upgrade the resources category from inferred to indicated and measured."

The diamond drilling as part of Phase I program will be conducted once the diamond drill rig is made available towards the end of the third quarter of fiscal 2008.  In the meantime the Phase II RC drilling program has commenced.

The Phase II Drilling program involves 10,000m of RC Drilling which is planned to be carried out at a nominal 20m x 20m drill pattern that will cover a broadly defined 1.5 km strike length of the Southern and Central ore body and 800m of mineralization at the Northern ore body. This exercise will also test the dip extension of the ore body at all three discreet mineralization areas as well as a possible extension of the ore body along the strike length.

Michael Andrew AusIMM, of Snowden Mining Industry Consultants Pty Ltd, a qualified person under National Instrument 43-101, is overseeing the drilling program and quality assurance and quality control ("QAQC") programs on behalf of Monument Mining Limited and has reviewed the contents of this news release.

Monument's program includes rigorous QAQC procedures.  Ultratrace Pty Ltd Analytical Laboratories of Perth, Western Australia, a NATA accredited laboratory which complies with requirements of ISO/IEC 1725:2005, and an accredited quarantined laboratory for handling imported samples, performs the sample pulverization and assaying for the project. Gold analysis is by 40 g Fire Assay fusion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-OES) finish.  Monument follows industry standard practice and includes field duplicates and independently certified standards and blanks, blindly inserted in the sample stream. This is in addition to the laboratory's internal quality control work. 

Robert F. Baldock, President and CEO
Monument Mining Limited
Park Place, Suite 500, 666 Burrard Street
Vancouver B.C. Canada V6C 3P6
604-669-2929

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction
and has neither approved nor disapproved the contents of this news release.

Not for distribution to U.S. news wire services or dissemination in the United States.  The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information contained herein.  Certain disclosures in this release, including management's assessment of the Company's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such.

 

 

 




 

 

| Send to a Friend | Update Profile

Copyright � 2007 Monument Mining Limited

 

Monument Mining Limited

PRODUCER
CODE : MMY.V
ISIN : CA61531Y1051
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Monument Mining is a gold producing company based in Canada.

Its main asset in production is SELINSING in Malaysia and its main exploration properties are MENGAPUR and BUFFALO REEF in Malaysia.

Monument Mining is listed in Canada and in Germany. Its market capitalisation is CA$ 29.0 millions as of today (US$ 23.2 millions, € 20.3 millions).

Its stock quote reached its highest recent level on January 21, 2011 at CA$ 0.74, and its lowest recent point on April 09, 2020 at CA$ 0.04.

Monument Mining has 322 720 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Monument Mining Limited
2/13/2013Announces Closing of First Tranche of Brokered Private Place...
10/17/2012Announces Private Placement
10/12/2011Announces Private Placement of up to $70=2C000=2C000
8/12/2010Closes $13.0 Million Financing
7/22/2008Closes $38.1 M Private Placement and Convertible Note Financ...
Nominations of Monument Mining Limited
1/8/2014Receives Notice of Nominations for Election of Directors
1/8/2014Receives Notice of Nominations for Election of Directors
10/28/2013Appoints Executive General Manager, Monument Malaysia Group
9/20/2012Appoints Chief Operating Officer
6/29/2012Appoints Gerald Ruth to Board
1/25/2012Grants Share Purchase Options to its Directors
12/21/2011Appoints Graham Dickson as Chairman of the Board
6/9/2010Grants 1,600,000 options to CHF investor relation firm
6/9/2010Engages CHF in Investor Relations and Updates $12 Million Fi...
6/30/2009Appoints New Director
12/17/2008Appoints New Directors and Names George Brazier Chairman of ...
8/25/2008Appoints General Manager and Mine Manager
6/20/2008Appoints AXINO AG to provide Investor Relation Services (Rev...
Financials of Monument Mining Limited
11/29/2013Reports First Quarter Fiscal 2014 Results
5/30/2013Reports Third Quarter Fiscal 2013 Results
6/1/2012=E2??s 2012 Third Quarter Results
3/1/20122012 Second Quarter Results
1/5/2012=E2??s 2012 First Quarter Results
5/30/2011 2011 Third Quarter Results
5/9/2011 Third Quarter Production and Sales Results
3/1/2011 2011 Second Quarter Results
Project news of Monument Mining Limited
5/15/2013Central Australian Phosphate and Monument Mining to Establi...
5/1/2013s Its Interest In Central Australian Phosphate Limited
4/30/2013(Selinsing)s Selinsing and Buffalo Reef Resources
3/19/2013Abandons Earn=2DIn on Mersing Project
10/26/2012Attending Singapore and German Resource Conferences
10/25/2012(Selinsing)to Vigorously Defend Opportunistic Claim Filed Against Seli...
10/9/2012(Mengapur)Signs Harmonization Agreement on Mengapur Project
3/26/2012(Selinsing)Exposes Gold Thieves at Selinsing Gold Mine
2/21/2012(Mengapur)Closes Acquisition of 70% of the Mengapur Polymetalic Projec...
2/2/2012(Mengapur)Receives Final Acceptance from the TSX=2DV to Close the Meng...
12/3/2011(Mengapur)Enters into Definitive Agreement for Acquisition of 70% of ...
9/15/2011Grows Gold Project Pipeline
7/26/2011(Selinsing)Releases Positive Drill Results from Selinsing Property in M...
7/22/2011(Selinsing)to Expand Tailings Storage Facility at Selinsing Gold Mine i...
6/1/2011(Mengapur)Agrees to Acquire a 70% interest in the Mengapur Polymetalic...
5/29/2011(Buffalo Reef)REPORTS NI43-101 RESOURCES AT BUFFALLO REEF PROPERTY
3/3/2011(Selinsing)to Increase Gold Production
2/21/2010(Selinsing)Starts Commissioning CIL Circuit While Gravity Circuit is in...
11/4/2009(Selinsing)Pours First Gold From Gravity Circuit
9/1/2009(Selinsing)Obtains Power Connection at the Selinsing Gold Project and
7/20/2009(Selinsing)Commences Open-Pit Mining at the Selinsing Gold Project
2/11/2009(Buffalo Reef)Confirms Amended Plan for Gold Production from Phase I Gravi...
2/2/2009(Buffalo Reef)Releases Drill Results, Selinsing Developments and Director’...
3/7/2008(Buffalo Reef)Releases Positive Drill Results?Phase II Program at Buffalo ...
3/4/2008(Buffalo Reef)Positive Drill Results?Phase II Program at Buffalo Reef
2/7/2008(Buffalo Reef)'s Phase I Drill Program Confirms Previous Drill Results on ...
Corporate news of Monument Mining Limited
7/11/2016Monument Announces Significant Intercepts Assay Results at N...
6/13/2016Monument Collects Judgment and Adds Peter Kestel Personally ...
5/31/2016Monument Reports Third Quarter Fiscal 2016 Results
5/9/2016Monument Announces Not to Proceed with Matala
5/2/2016Monument Withdraws Technical Disclosure regarding Matala Pro...
4/11/2016Monument Announces Significant Intercepts Assay Results at B...
3/24/2016Monument Comments on Unusual Trading Activity
3/23/2016Monument files NI43-101Technical Report for Resource Estimat...
11/30/2015Monument Reports First Quarter Fiscal 2016 Results
11/21/2015Monument Mining Announces Results of Annual General Meeting ...
9/30/2015Monument Commissions Intec Pilot Plant at Selinsing
9/30/2015Monument's Fiscal 2015 Results
9/28/2015Monument Progresses Mine Development at Burnakura Site
8/17/2015Monument Murchison Gold Project Update
8/12/2015Monument Files Amended Technical Report for Murchison Gold P...
7/31/2015Monument Litigation Update
4/2/2015Monument files NI43-101Technical Report for Resource Estimat...
4/2/2015Monument files NI43-101 Technical Report for Resource Estima...
3/23/2015Monument Mining Announces Results of Annual General Meeting ...
3/8/2015Monument Reports Second Quarter Fiscal 2015 Results
2/27/2015Monument Reports Second Quarter Fiscal 2015 Results
2/27/2015Monument Delays Start-up of Iron and Copper Project at Menga...
2/18/2015Monument Announces Mineral Resource on Alliance/New Alliance...
2/16/2015Monument Files Claim Against Summer Empire Sdn. Bhd. and Kes...
2/13/2015Monument Announces Adjournment of Shah Alam High Court Trial...
2/7/2015Monument Issues Shares for Intec Transaction
2/6/2015Monument Issues Shares for Intec Transaction
2/2/2015Monument Secures Intec License to Exploit Sulphide Gold and ...
1/21/2015Monument Update Selinsing Litigation
1/20/2015Monument Update Selinsing Litigation
1/19/2015Monument Announce RC Assay Results from Federal City Drillin...
12/23/2014Monument Announces Termination of Proposed Transaction with ...
12/1/2014Monument Reports First Quarter Fiscal 2015 Results - Gold Pr...
11/30/2014Monument Reports First Quarter Fiscal 2015 Results
11/18/2014Monument Receives Order to Extend Time for Holding Annual Ge...
11/18/2014Monument Announces Second Round of RC Assay Results at Murch...
11/18/2014Extension of Closing Date for Proposed Transaction, 189 KB
11/17/2014Monument Extends Closing Date of Proposed Transaction with G...
11/12/2014Monument Completes Tuckanarra Gold Project Acquisition in We...
11/8/2014Monument to Extend Time for Holding Annual General Meeting
10/27/2014Monument Extends Close Date of Tuckanurra Acquisition
10/20/2014Monument Updates Selinsing Litigation
10/6/2014Monument Updates Selinsing Litigation
9/30/2014Monument's Fiscal 2014 Results
1/28/2014Files Lawsuit Against GoldMet and George Molyviatis to enfor...
1/28/2014Files Lawsuit Against GoldMet and George Molyviatis to enfor...
1/20/2014Warns Shareholders to Be Wary of the Dissident Group Attempt...
5/23/2013(Selinsing)Files Technical Report for Selinsing and Buffalo Reef
5/1/2013Reports Third Quarter Gold Production of 13=2C255 Ounces
4/24/2013Confirms Indicative Non=2DBinding Conditional Proposal to ac...
4/15/2013(Buffalo Reef)Starts Mining and Processing Oxide Materials at Buffalo Reef
4/2/2013Announces Results of Annual General Meeting of Shareholders
3/13/2013President and CEO to Speak at Hong Kong Conference
2/22/2013Settles Legal Disagreement
2/21/2013Welcomes Support from Major Shareholder
2/8/2013Further Comments on GoldMet Disclosure
2/8/2013Comments on GoldMet Disclosure=3A No Agreement Reached
1/17/2013Provides Update to Shareholders
1/11/2013Reports Record Second Quarter Gold Production of 15=2C902 Ou...
11/14/2012Has Engaged Mackie Research Capital Corporation as Financial...
11/10/2012to Extend Time for Holding Annual General Meeting
10/2/2012=E2??s 2012 Annual Results=3A Gross Revenue of $61.7 M with ...
8/24/2012(Mengapur)Confirms Historic Drilling Results at Mengapur Polymetalic P...
8/16/2012(Selinsing)Completed Selinsing Gold Plant Expansion
8/7/2012(Mengapur)Provides Updates on Mengapur Project and Private Placement
7/30/2012=E2??s 2012 Fourth Quarter Production Result
7/24/2012Received $12 Million through Exercise of Stock Purchase Warr...
6/19/2012and PLSB Working Together Harmonizing Oxide Magnetite Iron O...
5/14/2012=E2??s 2012 Third Quarter Production
5/9/2012Announces Senior Management Appointments
4/25/2012to Attend The INVEST 2012 Conference in Stuttgart
1/25/2012=E2??s 2012 Second Quarter Production
1/4/2012Announces Results of Annual and Special General Meeting of S...
12/20/2011Reminds Shareholders to Vote
12/16/2011(Mengapur)Discusses Mengapur Property Iron Ore Production Information
12/15/2011Provides Details of Annual General and Special Meeting
12/13/2011Annual General and Special Meeting Important Reminder
10/26/2011=E2??s 2012 First Quarter Production
9/29/2011=E2??s 2011 Annual Results
8/8/2011=E2??s 2011 Fourth Quarter Production and Sales Results
1/15/2010Fundamental Research Report Update #2
12/21/2009to Raise $12.0 M in Convertible Debenture and Forward Gold S...
9/18/2009to Issue Shares for Debt to Avocet Mining PLC
7/8/2009Moves to New Office
5/13/2009Releases Selinsing Gold Project Update
2/13/2009 Grants Stock Purchase Options to its Key Staff and Consulta...
12/24/2008Amends Selinsing Gold Project Construction Plan
9/24/2008Fundametal Initial Research Report
8/20/2008Announces TSXV’s Acceptance of its Ball Mill Acquisition fro...
8/15/2008Grants Stock Purchase Options to its Directors Officers unde...
8/8/2008Commences Action for Injunction and Damages
7/28/2008Closes Avocet Mill Transaction For Future Plant Upgrade
7/8/2008Acquires Package of Additional Adjacent Land - Update
6/20/2008Notice of Change of Business Address
5/26/2008Acquires Second Mill for Future Production Plant Upgrade
5/13/2008Monument Announces $38.0 M Capital Raising to Commence Plant...
1/21/2008Acquires Package of Additional Adjacent Land
10/25/2007 Q1 Project Development Update
9/13/2007Commences Exploration Program
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MMY.V)FRANKFURT (D7Q1.F)
0.090+0.00%0.063+0.00%
TSX-V
CA$ 0.090
08/12 16:50 -
0%
Prev close Open
0.090 0.090
Low High
0.090 0.090
Year l/h YTD var.
0.080 -  0.130 -21.74%
52 week l/h 52 week var.
0.080 -  0.150 -33.33%
Volume 1 month var.
21,000 -%
24hGold TrendPower© : -40
Produces Gold
Develops
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/19/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-45.45%
202183.33%0.210.09
2020125.00%0.120.04
2019-27.27%0.080.04
2018-15.38%0.090.05
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.12-0.77%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.38+0.85%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.37+2.43%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59+0.51%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70+0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.35+3.09%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-11.86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.35+4.48%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.08+3.48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.55+1.69%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :