Monument Mining Limited has announced the first 16 drill hole results from its BR/Felda mine expansion drilling program at the Selinsing Gold Mine in Malaysia. The expansion target area covers 115 acres, with 27 drill holes completed to date. The program aims to increase gold resources and potentially extend the mine’s life.
The first 27 drill holes of the Buffalo Reef/Felda Mine Expansion Drilling Program have been completed, with high gold assay results returned. Significant highlights include multiple intersections with high-grade gold and antimony mineralization. The program includes 118 planned drill holes for a total of 17,477m to expand both the Buffalo Reef and Selinsing Gold Projects.
Monument has budgeted USD $2.5 million to complete the expansion drilling programs by the end of June 2026. The success of the program may lead to the development of a large-scale open pit. Regular review and adjustments to the drilling strategy will be made as needed based on the results obtained.
A total of 109 drill holes for 15,377m are planned for the Buffalo Reef/Felda Mine Expansion drilling program. The drilling is divided into Stage 1 and Stage 2, with a focus on increasing gold resources and potentially expanding the open pit mine. Encouraging results have been obtained to date, with mineralized gold intersections outside of the current geology model.
Drilling progress has been accelerated with the addition of two diamond drilling rigs in November 2025. An updated geology model, resource estimate, and resource statement are expected to be completed by October 2026. The Company utilized an Expanded Pit Shell to guide the mine expansion drilling program, focusing on maximizing the project’s mineral resources. Monument Mining has expanded the pit shell to include potential areas for additional Mineral Resources, informing future LOM planning. A two-stage drilling approach is outlined, with Stage 1 focusing on mine expansion target areas at Buffalo Reef/Felda to evaluate potential extensions of Mineral Resources beyond current pit shells.
Stage 2 of the Buffalo Reef expansion drilling program aims to define new mineralized zones and extensions outside the expanded pit shell. 36 holes for 5,012m will be drilled to expand current Mineral Resources, especially in gaps between existing Buffalo Reef pits.
Monument Mining’s drilling crews are using diamond drilling techniques to analyze rock samples for mineral content and geological structures. Positive results have been reported, including intersected gold mineralization outside the current geology model, with further assessments ongoing.
Assay results are pending for additional holes drilled in the Buffalo Reef expansion program. The Selinsing mine expansion drilling program comprises 9 drill holes to test high-grade depth extensions and local extensions to modelled gold structures within the expanded pit shell. Monument Mining Limited has planned a drilling program at Selinsing Gold Mine, with 3 drill holes totaling 480m. Historical gold production at Selinsing pit 4 has led to improved drill targeting for potential strike extensions. The redevelopment and upgrade of the Selinsing Mineral Resource will inform future mine development strategies. An initial 6-hole drill program for 1,620m will test the Selinsing dip and strike extension of gold mineralization. The Drilling Program at Buffalo Reef and Selinsing is set to be completed by June 2026, with ongoing refinement of mineralization models. Monument’s in-house drilling team is using two refurbished rigs for core sampling and assays, with samples shipped to SGS Malaysia laboratory for analysis. All collar locations and drill holes are surveyed and logged with detailed information recorded for further analysis. Assay results are verified through QAQC processes to ensure accuracy. Monument Mining Limited, a Canadian gold producer, has been actively involved in exploration and development projects in Malaysia and Western Australia. Monument Mining Limited, led by President and CEO Cathy Zhai, prioritizes environmental management, social responsibility, and corporate governance. The company employs 280 people across different regions, ensuring health and safety for employees and neighboring communities. For more information, visit the company website or contact Richard Cushing in Vancouver at +1-604-638-1661 x102.
The news release includes forward-looking statements about Monument Mining’s business and future plans. These statements involve expectations, objectives, and plans for the company’s mineral projects, including ramp-up processes and completion timelines. While the company has identified risks that could impact results, readers should not rely solely on forward-looking statements. Factors beyond the company’s control could affect actual outcomes. 1. The stock market reached record highs today, with the S&P 500 closing at 4,319.94 and the Dow Jones Industrial Average at 34,633.53. Investors are optimistic about economic recovery and strong corporate earnings reports driving the market’s upward momentum.
2. In other news, COVID-19 cases continue to rise in several states, with California reporting a 10% increase in infections over the past week. Health officials are urging residents to get vaccinated and follow safety guidelines to prevent further spread of the virus.
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Read more at GlobeNewswire: Monument Announces First 16 Drill Hole Results Of Selinsing