| Announcement Date: | 2022-05-30 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Monument Mining Ltd. |
| Project name: | Murchison |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 4m @ 32.0g/t Au from 218m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, B.C., May 30, 2022, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce that significant results from the Reverse Circulation (“RC”) drilling has been received as a part of the Phase 2 exploration program at Burnakura, one of the primary Murchison Gold Projects in the Meekatharra area, Western Australia. As part of a two-year exploration program to test the potential for gold discovery, the Phase 2 drilling program commenced in November 2021, following the completion of the Phase 1 program in August 2021 (refer to News Release dated December 15, 2021 and January 19, 2022). The Phase 2 RC and DD drill program was completed in April 2022. The remaining assay results from the Diamond (“DD”) drilling component are anticipated over the coming weeks. The Company looks forward to updating the market with a comprehensive announcement incorporating the DD and RC drill results. Reverse Circulation drilling has encountered multiple mineralization horizons at depth, indicating gold mineralization down-dip and the potential for additional underground economic mineralization at the NOA 1 deposit. |
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