Results from gold exploration and delineation drilling at Monument Mining’s Buffalo Reefs project have identified additional gold mineralization which is set to extend the life of the Selinsing Gold Project.
Best recent results from the 2013 program are 33.0 metres @ 1.23 grams/tonne gold in oxide and 13.5 metres @ 3.83 grams/tonne in sulphide.
“These results, which are consistent with those that have been previously drilled, reported and modelled, show that we have successfully targeted and identified additional oxide and gold mineralization at Buffalo Reef,” says Monument’s vice president exploration Todd Johnson. “We expect that our next NI 43-101 resource estimate, anticipated in March or April of 2014, will show improved reserves and resources in part because of the inclusion of these results.”
Chief managing geologist Ian Bruce adds, “The local geology and drilling staff continue to work hard to identify additional near-mine mineralization at Buffalo Reef and Selinsing for potential development. We continue to streamline the logging and sampling process at site to help achieve a faster assay turnaround time from the primary certified commercial labs.”
Drilling continues to expand the mineralization at Buffalo Reef, Selinsing, and the adjacent FELDA lands with two diamond drills owned and operated by Monument. The drilling is focused within and adjacent to the operating Buffalo Reef South open pit and north of the operating Selinsing open pit gold mine.
Other results in oxide are 7.3 metres @ 2.37 grams/tonne, including 3.0 metres @ 5.25 grams/tonne at Central Buffalo Reef and 20.0 metres @ 1.01 grams/tonne at North Buffalo Reef.
Other results in sulphide are 13.5 metres @ 3.77 grams/tonne under the South Buffalo Reef pit, 4.0 metres @ 5.51 grams/tonne, including 2.0 metres @ 10.25 grams/tonne at North Buffalo Reef, and 4.0 metres @ 4.12 grams/tonne and 10.0 metres @ 1.62 grams/tonne at Central Buffalo Reef.