Monument Starts Exploration Programs at Murchison Gold Project

Monument Mining Ltd. (TSXV:MMY) announced that via its subsidiary, Monument Murchison Pty Ltd., it has begun exploration programs at its Western Australia-based Murchison gold project.

As quoted in the press release:

The objective of the initial exploration programs is to study the shallow, near surface open cut mineralisation at the Alliance open pit (the ‘Alliance’) with the intention of providing commercial outcomes within a twelve to eighteen month time frame. The Alliance deposit is one of several historic open pits in the southern area of the Burnakura property of the Murchison Gold Project. The study will aim to confirm the historical resource at the Alliance open pit and improve geological confidence to potentially add mineral resources for mine planning purposes. The proposed exploration programmes consists of infill, extensional and resource definition drilling, metallurgical test work and geotechnical evaluation budgeted at AUD$ 2.95 million. Environmental permitting is currently underway to enable this work to be carried out.

Click here to read the full Monument Mining Ltd. (TSXV:MMY) press release.