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Monument Reports NI43-101 Resources at Buffalo Reef Property |
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Tuesday, 31 May 2011 12:58 |
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Monument Mining Limited announced that a National Instrument 43-101 compliant resources has been prepared on its 100% owned Buffalo Reef Property, located in Pahang State, Malaysia.
The resource estimate, prepared by independent qualified persons Jean-Pierre Graindorge, BSc at Snowden Mining Industry Consultants Pty Limited and Frank Wright, P. Eng. in May 2011, represents a 20% increase in gold deposit compared to historical estimates. The NI43-101 report estimates the resources based on the RC drilling drill through 2008 to November 2010 totaling 11,880 meters from 165 holes. At a block cut-off grade of 0.5 g/t Au, the currently defined Buffalo Reef Indicated Mineral Resource is 2.30 million tonnes grading 2.24 g/t Au for a total of 165,500 ounces of Au. At the same Au block cut-off grade, the currently defined Inferred Mineral Resource is 1.36 million tonnes grading 1.31 g/t Au for a total of 57,300 ounces of Au. More information, click here. |