Monument Announces First 16 Drill Hole Results Of Selinsing Mine Expansion Drilling Program
Globenewswire·2025-12-04 00:21

Core Viewpoint - Monument Mining Limited has announced positive initial results from its expansion drilling program at the Selinsing Gold Mine, indicating potential for increased gold resources and an extended mine life [1][2][8]. Drilling Program Overview - The Buffalo Reef/Felda mine expansion drilling program consists of 118 planned drill holes totaling 17,477 meters, with 109 holes for 15,377 meters at Buffalo Reef and 9 holes for 2,100 meters at Selinsing [7][36]. - The first 27 drill holes have been completed, totaling 2,952 meters, with assay results for 16 holes received and 11 pending [3][15]. Significant Assay Results - Notable assay results include: - MBRRC579: 22m @ 0.86g/t Au from 2m, including 1m @ 1.41g/t Au from 2m and 6m @ 1.9g/t Au from 8m [6][33]. - MBRRCDD01: 5m @ 2.01g/t Au & 0.47% Sb from 149m and 1m @ 1.14g/t Au & 0.2% Sb from 160m [34][51]. - MBRDD600: 4m @ 3.42g/t Au & 0.49% Sb from 55m [34][51]. Expansion Drilling Objectives - The objective of the expansion drilling is to increase gold resources and potentially extend the life of the Selinsing Gold Mine [2][9]. - The Buffalo Reef/Felda expansion target area covers 115 acres, aiming to evaluate the potential to extend currently defined mineral resources [2][17]. Budget and Timeline - The company has budgeted USD $2.5 million for the completion of both expansion drilling programs, targeting full completion by the end of June 2026 [8][43]. - The mine expansion drilling is expected to be completed by March 2026, with final assay results anticipated by the end of June 2026 [8][43]. Current Progress and Future Plans - The drilling program has been accelerated with the addition of two diamond drilling rigs to meet the schedule [16][27]. - An updated geological model and resource estimate are expected to be completed by October 2026 [16][43]. Selinsing Mine Expansion Drilling - The Selinsing mine expansion drilling program consists of 9 drill holes for 2,100 meters, with Stage 1 testing high-grade depth extensions and Stage 2 focusing on dip and strike extensions outside the expanded pit shell [36][41][42].