Digging Deeper: Monument Mining Hits Gold with Promising Early Selinsing Expansion Drill Results

Well, it looks like Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) has some rather exciting news to share from their Selinsing Gold Mine over in Malaysia. They've just released the initial batch of results – the first sixteen drill holes, actually – from their ambitious expansion drilling program. And frankly, the early signs are quite promising. The whole idea behind this extensive drilling, you see, is to truly beef up their gold resources and, in turn, give the mine a longer, more prosperous future.

This isn't just a haphazard drilling effort; it's a very targeted approach, primarily focusing on two key areas adjacent to the existing operations: Selinsing North and Peranggih. The goal here is pretty clear: find more gold that can be economically extracted. They've got a grand plan, stretching over 5,000 meters of drilling in total, with a significant number of holes penciled in for both locations – 36 at Selinsing North and a hefty 66 at Peranggih. These first sixteen results, which we're hearing about now, give us a tantalizing glimpse into what they might uncover.

Let's dive into the specifics a bit, shall we? Over at the Peranggih area, they've seen some truly encouraging intercepts. For instance, drill hole PIDD001 yielded a solid 2.12 grams per tonne of gold over a 5.0-meter stretch, starting at just 37 meters down. Then there's PIDD002, which was particularly interesting, showing 4.87 g/t Au over 1.0 meter from 33.0 meters, followed by another nice section of 0.89 g/t Au over 3.0 meters shortly after. These aren't just isolated incidents either; other holes like PIDD003, PIDD004, and even up to PIDD014 all showed promising gold grades, often around the 1.0 g/t to 1.6 g/t mark over varying lengths, generally quite shallow, which is often a good sign for potential extraction.

Meanwhile, at Selinsing North, the initial two holes also presented some encouraging data. Hole SNTD001, for example, returned 2.45 g/t Au over 1.0 meter from 15.0 meters, and SNTD002 showed 0.88 g/t Au over 1.0 meter. While these are just a couple of data points for this specific area, they certainly add to the overall optimistic picture.

Now, for those who appreciate the technical details, it's worth noting that Monument Mining is employing diamond core drilling for this program. They're also quite meticulous about their measurements; the company estimates that the true width of these gold-bearing zones is pretty close to the intercept length, somewhere in the ballpark of 90-100%, which is great for accuracy. And when it comes to confirming the gold content, they send all their drill core samples to SGS Laboratories, a highly reputable, certified lab right there in Malaysia, for fire assay analysis. So, you can be pretty confident in these reported figures.

John Ho, who serves as the President and CEO of Monument Mining, sounded genuinely enthusiastic about these initial findings. He underscored the critical importance of these ongoing results, particularly their potential to significantly enhance the overall resources at Selinsing. It's clear that increasing the mine's lifespan is a top priority, and these early drill successes are certainly pointing them in the right direction. He also let slip, rather excitingly, that the company fully intends to keep the market updated as more results become available. So, we should be looking forward to further announcements in the not-too-distant future.

All in all, these first sixteen drill holes paint a rather positive picture for Monument Mining's Selinsing expansion. It really feels like they're on the cusp of something bigger, potentially unlocking substantial new gold resources that could truly extend the operational horizon of this important mine. Keep an eye out for those next updates!