Monument Mining Limited

Published : July 20th, 2009

Commences Open-Pit Mining at the Selinsing Gold Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold Production |

http://mail3server.net/templateimages/monumentmining/monument_r2_c1.jpg

 

 

July 20, 2009

 

20 July  2009

 NEWS RELEASE

Release  # 6 - 2009

Monument Commences Open-Pit Mining at the Selinsing Gold Project  

Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company is pleased to announce that Open-Pit mining at its Selinsing Gold Project commenced in early July, 2009. The Company has been fast tracking the Selinsing Gold Project including construction of the gravity section of the gold treatment plant. This program will allow production from the Gravity Plant to take place within 27 months of acquisition of the project.

The Company acquired the greenfield Selinsing project located in Pahang State, Malaysia in June 2007. Since then it has permitted, designed, funded and commenced construction of a plant designed to process 1200 tonnes per day and aims to produce approximately 40,000 ounces of gold per year when the full plant is up and running.

Since the last update announced on May 13, the Company called for bids from a short list of pre-qualified mining contractors. The selected mining contractor has since mobilized to site, established workshops and other support infrastructure and in late June began pre-strip to commence mining. 

The mineralized zone is outcropping and in a number of places is at or near surface; therefore, pre-strip does not impact accessing grade material. During the first week of July, the contractor began mining and hauling grade material to the ROM pad in readiness for plant commissioning.

Commissioning is scheduled to commence in late August, subject to power supply hook up from the government power supplier Tenaga Nasional Berhard ("TNB"). TNB has appointed a contractor to install all poles on which to run aerials. This phase has been completed from the main supply to the TNB sub-station adjacent to the process plant. Aerials are now being run with a targeted completion date in the middle of August. Plant commissioning is dependent on connection of the aerials in order to energize the system.

In the meantime, the jaw crusher and the cone crusher have been installed and are ready for commissioning. All elevator and conveyor equipment are on site and most are installed. The fine ore reclaim tunnel is expected to be completed by the end of July.   The 1200 tonne per day ball mill has been completely reconditioned and installed and is also ready for commissioning. 

In relation to the Phase I gravity circuit, all major equipment is on site and installation is nearly complete.  The plant Control-Room and on-site Exploration Assay Laboratory is completed, fully equipped and in use as a grade control laboratory for mining operations. The plant control office is completed and in use and staff canteen and other staff accommodation is nearing completion and is scheduled to be in use by the end of July 2009. The canteen has reached practical completion and is presently being outfitted with equipment to provide meals to staff, day and night shift operators as well as operational and construction contractors. 

In relation to Phase II, the CIL circuit, construction is on schedule and it is still expected that the entire plant will be fully commissioned by the end of December 2009. The Company will operate the gravity circuit to achieve cash flow in parallel with completing construction of the CIL circuit and commissioning of the full plant.

A recent visit to the Selinsing site by management has enabled an update of the Photo Gallery on the Company web site at www.monumentmining.com and investor inquiries are welcome to info@monumentmining.com.

        

Robert F. Baldock, President and CEO

       Monument Mining Limited

         Suite 490- 688 West Hastings Street

Vancouver B.C. Canada

For further information contact:

North America:                                                      Europe:

Richard Cushing, Investor Relations                     Wolfgang Seybold, President,Axino AG

Office: 604.638.1661                                                 Office: +49.711.25.35.92.40

Cell:     604.889.6563                                                         Fax:     +49.711.25.35.92.55

E-mail: info@monumentmining.com                    E-mail: wolfgang.seybold@axino.de

Website: www.monumentmining.com                      Website: www.axino.de

 

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.

Forward-Looking Statement

This press release contains forward-looking statements about Monument Mining Limited ("Monument"), its business and future plans, including the contemplated phase I and phase II development plans resulting in the commencement of mining and gold production, and in respect of the dates and amounts projected for these two phases resulting in the plant construction, gold production, gold sales and costs of the Selinsing Project. Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to different materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, uncertainty to the actual cost of the gravity circuit and the estimated cash flows which may be generated from the gravity circuit, the risk that the Selinsing Project will not be completed successfully or in a timely manner, general economic factors and other factors that may be beyond the control of Monument. Forward-looking statements are based upon the beliefs, opinions and expectations of the management of Monument at the time they are made and Monument does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations or circumstances should change.

 

 

http://mail4server.net/TI.asp?outbox_id=15299http://mail4server.net/UV.asp?id=15299&uniqueid=365472

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$ 21.0 millions as of today (US$ 16.8 millions, € 14.7 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)
0.065+0.00%0.043-6.52%
TSX-V
CA$ 0.065
09/30 14:29 -
0%
Prev close Open
0.065 0.065
Low High
0.065 0.065
Year l/h YTD var.
0.065 -  0.130 -43.48%
52 week l/h 52 week var.
0.065 -  0.150 -55.17%
Volume 1 month var.
111,000 -18.75%
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
2022-60.61%
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$ 7.02+2.33%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%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$ 3.26+4.15%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 0.58+1.93%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.43-0.41%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$ 6.98+0.14%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+8.16%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$ 2.22+1.37%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 60.13-1.38%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$ 0.04+0.00%Trend Power :