Recent assay results from some of Monument Mining’s 2013 financial year drilling program at the Selinsing open pit gold mine continue to define and extend oxide and sulphide mineralization.
Results include 24.0 metres from 172.9 metres @ 1.73 grams/tonne gold including 3.0 metres from 187.9 metres @ 4.81 grams/tonne in the Deeps sulphide zone; 6.00 metres from 207.5 metres @ 5.05 grams/tonne and an underlying zone of 12.20 metres from 229.9 metres @ 3.94 grams/tonne also in the Deeps sulphide zone; 14.5 metres from 12.5 metres @ 2.02 grams/tonne including 1.5 metres from 17 metres @ 6.14 grams/tonne in oxide south of the Selinsing pit; 1.60 metres from 75.4 metres @ 19.4 grams/tonne and an underlying 1.70 metres from 89 metres @ 25.2 grams/tonne, both in sulphide north of the Selinsing pit; and 56.5 metres from 203 metres @ 1.44 grams/tonne including 6.0 metres from 222.5 metres @ 4.48 grams/tonne in the Deeps sulphide zone.
These results demonstrate that gold mineralization at the Selinsing deposit continues along strike to the south and north as well as down-dip at depth as zones of significant widths of moderate grade including high grade sub-zones, in both sulphide and oxide ore.
The fiscal 2013 Selinsing drill program, totalling US$1.94 million, focused on finding additional oxide and sulphide ores within, adjacent to, and outside of the existing pit development areas and in the area extending northwards along strike from the Selinsing Pit to the Buffalo Reef South pit. Both infill-delineation drilling within the existing design pits and drill holes located on the margins of the design pits were completed to help maximize the conversion of inferred resources to indicated or measured.
Assays for another 36 outstanding drill holes drilled at Selinsing in fiscal 2013 are pending. Additional FY2013 drill hole assays from the Buffalo Reef resource areas will also reported soon.
Follow up drilling will be pursued in priority areas throughout the property during fiscal 2014 after completion of assaying, assessment of the fiscal 2013 drilling results, and approval of the fiscal 2014 plan.