- Monument Mining (MMY) has announced the commencement of a Phase 2 exploration drilling program at Burnakura
- Burnakura is one of the primary Murchison Gold Projects in the Meekatharra area, Western Australia
- The objective of this program is to test the target areas to potentially identify new resources at Burnakura to improve the economics of the project
- A total of 5,546 drill metres are planned for the phase 2 drilling program, targeting completion by February 2022
- Monument Mining is an established gold gold producer that’s advancing the Murchison Gold Project in Western Australia
- Monument Mining Limited (MMY) is up 4.55 per cent on the day, trading at C$0.115 per share at 3 pm EST
Monument Mining (MMY) has announced the commencement of a Phase 2 exploration drilling program at Burnakura.
Burnakura is one of the primary Murchison Gold Projects in the Meekatharra area, Western Australia. The phase 2 drilling forms part of a two-year exploration program to test Murchison’s potential for gold discovery.
CEO and President Cathy Zhai commented on the upcoming program.
“Our Murchison team is delighted to start the phase 2 drilling program after having done considerable work to identify these high quality targets. The objective of this program is to test the target areas to potentially identify new resources at Burnakura to improve the economics of the project. The drill rigs have been secured and drilling has already started.”
To date, all assay results from Phase 1 drill program have been received and will be announced once the interpretation is completed.
A total of 5,546 drill metres are planned for the phase 2 drilling program, targeting completion by February 2022.
All samples collected from the drilling program will be sent to ALS Geochemistry laboratory in Wangara, Western Australia for gold and selected multi-element analysis. Results are expected to be received starting in March 2022.
The Murchison Gold Projects comprises Burnakura, Gabanintha and Tuckanarra Joint Venture, in the Murchison area of Western Australia.
Monument Mining Limited (MMY) is up 4.55 per cent on the day, trading at C$0.115 per share at 3 pm EST.