VANCOUVER, April 2, 2015 /CNW/ - Monument Mining
Limited (TSX-V: MMY and FSE: D7Q1) ("Monument") is pleased to
announce that, further to its press release dated February 18, 2015, it has filed a technical
report describing the mineral resource estimate for the
Alliance/New Alliance gold deposit on its Murchison Property in
Western Australia.
The technical report is titled "NI 43-101 Technical Report on
the Alliance and New Alliance Gold Deposits, Burnakura,
Western Australia" and is dated
April 2, 2015. It has been
prepared in accordance with National Instrument 43-101 Standards
of Disclosure for Mineral Projects and is authored by
Darryl Mapleson (MAIG, FAusIMM) of
BM Geological Services, the primary Qualified Person and other
independent Qualified Persons. The technical report is
available on SEDAR under Monument's profile at www.sedar.com and
will also be available on Monument's website at
www.monumentmining.com.
Robert Baldock, the President and
CEO commented: "We will commence the same resource definition study
on Federal City, Tuckanarra and other areas at the Murchison
Project respectively in order to increase gold inventory. In the
meantime, we are undertaking steps to further assess economics on
Alliance/New Alliance deposits through the open pit optimization
and fast track mine development including upgrading crushing
circuit, advancing tailings disposal planning and commencement of
heap leach engineering design, aiming to start up initial gold
production."
About Monument
Monument Mining Limited (TSX-V:MMY,
FSE:D7Q1) is an established Canadian gold producer that owns and
operates the Selinsing Gold Mine in Malaysia. Its experienced management team is
committed to growth and is advancing several exploration and
development projects including the Mengapur Polymetallic Project,
in Pahang State of Malaysia, and the Murchison Gold Projects
comprising Burnakura, Gabanintha and Tuckanarra in the Murchison
area of Western Australia. The
Company employs over 300 people in both regions and is committed to
the highest standards of environmental management, social
responsibility, and health and safety for its employees and
neighboring communities.
Robert F. Baldock,
President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Forward-Looking Statement
This news release includes statements containing
forward-looking information about Monument, its business and future
plans ("forward-looking statements"). Forward-looking statements
are statements that involve expectations, plans, objectives or
future events that are not historical facts and include the
Company's plans with respect to its mineral projects and the timing
and results of proposed programs and events referred to in this
news release. Generally, forward-looking information
statements can be identified by the use of forward-looking
terminology such as "aims", "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements in this news release include, without limitation,
statements regarding plans to conduct resource defining studies on
the Murchison property, the results of any such studies, timing and
details of steps to be taken to assess economics on the
Alliance/New Alliance deposit and the results of those steps.
The forward-looking statements in this news release are subject to
various risks, uncertainties and other factors that could cause
actual results or achievements to differ materially from those
expressed or implied by the forward-looking statements. These
risks and certain other factors include, without limitation: risks
related to general business, economic, competitive, geopolitical
and social uncertainties; all of the uncertainties inherent in
resource estimates and economic analysis; uncertainties regarding
the results of current exploration activities; uncertainties in the
progress and timing of development activities; foreign operations
risks; other risks inherent in the mining industry and other risks
described in the management discussion and analysis of the Company
and the technical reports on the Company's projects, all of which
are available under the profile of the Company on SEDAR at
www.sedar.com. Material factors and assumptions used to
develop forward-looking statements in this news release
include: expectations regarding the estimated cash cost per
ounce of gold production and the estimated cash flows which may be
generated from the operations, general economic factors and other
factors that may be beyond the control of Monument; assumptions and
expectations regarding the results of exploration on the Company's
projects; assumptions regarding the future price of gold of other
minerals; the timing and amount of estimated future production; the
expected timing and results of development and exploration
activities; costs of future activities; capital and operating
expenditures; success of exploration activities; mining or
processing issues; exchange rates; and all of the factors and
assumptions described in the management discussion and analysis of
the Company and the technical reports on the Company's projects,
all of which are available under the profile of the Company on
SEDAR at www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company does not
undertake to update any forward-looking statements, except in
accordance with applicable securities laws.
SOURCE Monument Mining Limited