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Monument Mining Ltd.
Summary
| Project: | Murchison | |
|---|---|---|
| Deposit: | Burnakura | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-10-2018: Monument Mining Ltd. announces an Exploration/Drilling Update report for its Burnakura deposit at the Murchison project. Drilling results incl. 9.0m @ 3.6g/t Au from 8.0m. Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Mon | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roger Stangler (Internal) | |
| ABSTRACT: | Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to announce encouraging results from 2,823m exploration drilling for 90 holes at the Burnakura Property, which have the potential to increase the Burnakura gold resources in near surface oxide. Additional targets for extension and resource definition drilling were identified. The shallow oxide program is one of three drilling programs completed successfully within two months in May and June 2018 (refer to the news release dated May 8, 2018). The purpose of the Reverse Circulation (“RC”) Burnakura shallow oxide drilling program was to delineate high grade shallow oxide material. Five target areas were drilled: Three Stooges, Alliance West, FCL3, Lewis and Old Workings. All assay results have been received, and high grade mineralization was intercepted at Three Stooges, Alliance West and Lewis areas. The shallow oxide program was successful with several significant intercepts hit at Lewis in particular. Alliance West drilling showed there is potential for a third prospective Banded Iron Formation (“BIF”) mineralised horizon. Significant intercepts at Lewis are listed in Table 1. Appendix A is a list of individual significant intercepts for Lewis, Alliance West and Three Stooges target areas. | |
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