Monument Mining Launches New Drilling Initiative at Selinsing
Exciting Developments at Selinsing Gold Mine
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is thrilled to announce the launch of its ambitious drilling program aimed at expanding its gold mining capabilities at the Selinsing Gold Mine. This program will strategically focus on both the Selinsing and Buffalo Reef gold properties, located in a region known for its rich mineral potential, all while adhering to sustainable and responsible mining practices.
Insight from Leadership
Cathy Zhai, the President and CEO of Monument Mining, shared her enthusiasm regarding the company's growth strategy. She stated, "Our approach to disciplined business growth is beginning to attract positive attention from the market. The foundation of Monument’s success lies in our sustainable inventory of gold resources and a robust free cash flow, which empowers us to reinvest into further resource replacement and expansion projects. The commencement of our exploration initiatives is crucial for extending our mine's lifespan in Malaysia, and we are optimistic about the outcomes we will achieve."
Understanding the Expansion Strategy
The expansion drilling program is designed to identify and delineate new mineralized zones that lie outside the current production areas of the mine. By doing so, the company aims to create a solid framework that supports an updated life of mine (LoM) plan. If successful, this could open avenues for new pit designs that include significant mineral resources not currently part of the production shells.
Monument's exploration strategy focuses on intensive drilling efforts to discover new resources, which will subsequently be converted into reserves. An initial investment of USD $2.5 million has been earmarked for this exploration campaign, with an expected completion date set for the first quarter of 2026.
Key Elements of the Program
The expansion program will run a thorough investigation into underexplored areas with promising geological features. The specific objectives are:
- Exploration of previously under-investigated structural targets,
- Collection of essential geotechnical data to support future open-pit and potential underground mining operations,
- In-depth geological assessment and pit design improvements through comprehensive core logging.
Target Areas of Interest
Among the highlights of the drilling program, the Buffalo Reef area, particularly the central and southern zones, remains open to greater depths, which suggests promising prospects for finding additional mineralization. Geologic models indicate a steepening structure within the mineralized zone, which could be instrumental for future resource expansion.
In addition to Buffalo Reef, the Selinsing Pit also shows significant potential. Geological mapping has revealed a defined mineralization trend, suggesting the orebody remains open along several strike paths. Previously untested parts of the Selinsing Pit may contain valuable extensions of gold resources.
A Focus on Safety and Quality Control
Monument is dedicated to adhering to industry best practices, emphasizing safety and environmental responsibility in their drilling program. The company has reinforced its in-house drilling team, bolstered by upgraded drilling rigs that enable both reverse circulation and diamond drilling methods. All obtained samples will undergo rigorous analysis at accredited laboratories, ensuring adherence to quality assurance and quality control (QA/QC) standards that meet the highest industry expectations.
Analyzing Geological and Structural Data
Through detailed geological and structural logging, Monument aims to gather crucial data for various purposes, including slope stability analysis for optimizing pit designs and rock mass classification for prospective underground planning. The refinement of mineralization models will also play a critical role in guiding future development and exploration activities.
Conclusion
Monument Mining Limited continues to pioneer advancements in gold mining through its strategic exploration and drilling programs. With the Selinsing Gold Mine at the forefront of this initiative, the company is well-positioned to enhance its resource portfolio and achieve sustainable growth in the years to come.
Frequently Asked Questions
What is the purpose of the drilling program at Selinsing?
The drilling program aims to explore and identify new mineralized zones beyond the current production area, enhancing the potential for resource discovery.
What is the expected budget for the expansion drilling program?
The company has allocated an initial budget of USD $2.5 million for the drilling program, scheduled for completion by early 2026.
What are the anticipated benefits of this drilling initiative?
Successful drilling could lead to new mineral resource discoveries, which may be converted into reserves and support improved mine design and production longevity.
How is Monument ensuring quality in its drilling process?
Monument is employing internationally accepted QA/QC protocols and using accredited laboratories to analyze drill samples, ensuring result reliability.
Who can be contacted for further information about Monument Mining?
For more information, interested parties can reach out to Richard Cushing at +1-604-638-1661 x102 or via email at rcushing@monumentmining.com.
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