Monument Announces Additional Assay Results from the Buffalo Reef / Felda Areas of Selinsing Gold Mine

Original announcement by tmx on

Company
Monument Mining Limited
Ticker
MMY
Exchange
TSX
Region
Western Malaysia
Primary commodity
Gold
Secondary commodities
Antimony
Document categories
Drill results
Extracted
2026-09-16 11:02:56 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Monument Mining Limited announced additional assay results from its Buffalo Reef/Felda areas at the Selinsing Gold Mine in Western Malaysia. The expansion drilling program returned several high-grade gold intercepts, including 1.6m at 28 g/t Au and 1.5m at 8.59 g/t Au, and confirmed continuity of mineralization. The company aims to increase gold resources and extend the mine's life, with QA/QC procedures disclosed for the program.

Reasoning: The drill results from the Buffalo Reef/Felda areas include several high-grade gold intercepts and confirm mineralization continuity, supporting the company's expansion objectives, despite the lack of true width determination and some barren holes.

Positive factors

  • High-grade gold intercepts, including 28 g/t Au over 1.6m and 8.59 g/t Au over 1.5m, demonstrate significant mineralization.
  • Drilling confirmed continuity between mineralized intercepts and identified new zones outside existing modelled domains, validating program objectives.
  • The expansion drilling program aims to increase gold resources and potentially extend the mine life at Selinsing Gold Mine.
  • QA/QC procedures are disclosed, including the use of certified reference materials, blanks, and a certified laboratory (SGS Malaysia), with sign-off by a Qualified Person.

Negative factors

  • The reported intervals are downhole lengths, and true widths have not yet been determined, which may overstate actual thickness.
  • Some drill holes returned 'no significant result', indicating variability in mineralization.
  • Antimony (Sb) is present in some gold intercepts, which could be a deleterious element requiring specific metallurgical considerations.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 3

Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

Drill Results (3)

MBRRC579Buffalo Reef/Felda · goldGrade: 0.86Grade Unit: g/tIntercept: 22 mView all details
Link to this fact

Identity

Hole ID
MBRRC579
Project
Buffalo Reef/Felda
Commodity
gold
Region
western malaysia
Reported Region
western malaysia
Ticker
MMY

Geometry

Grade
0.86
Grade Unit
g/t
Intercept
22 m
From
2 m
To
24 m
Intercept Depth
2 m

Classification

Program
exploration
Sample Type
drill
Group ID
MBRRC579:2-24
Mining Method
open_pit

Location

Location
BRC3/BRC4 Gap
Easting
589
Northing
4177
Elevation
496 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Malaysia laboratory in Port Klang
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes
Deleterious Elements
antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: A moderate grade gold intercept from shallow depth in a targeted gap area, contributing to the expansion program, but true width is not yet known.

Positive factors

  • Intercept contributes to resource expansion in a targeted gap area.
  • Shallow intercept from 2m depth.

Negative factors

  • Grade is moderate for gold.
  • True width is not stated, potentially overstating the actual thickness.

Evidence · table

“0.86g/t Au”

Context: 22m

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

MBRRC579Buffalo Reef/Felda · goldGrade: 1.41Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MBRRC579
Project
Buffalo Reef/Felda
Commodity
gold
Region
western malaysia
Reported Region
western malaysia
Ticker
MMY

Geometry

Grade
1.41
Grade Unit
g/t
Intercept
1 m
From
2 m
To
3 m
Intercept Depth
2 m

Classification

Program
exploration
Sample Type
drill
Group ID
MBRRC579:2-3
Mining Method
open_pit

Location

Location
BRC3/BRC4 Gap
Easting
589
Northing
4177
Elevation
496 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Malaysia laboratory in Port Klang
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes
Deleterious Elements
antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: A narrow, moderate grade gold sub-interval from shallow depth, contributing to the overall mineralization in the area, but true width is not yet known.

Positive factors

  • Higher grade sub-interval within a broader mineralized zone.
  • Shallow intercept from 2m depth.

Negative factors

  • Narrow intercept length.
  • True width is not stated, potentially overstating the actual thickness.

Evidence · table

“1m @ 1.41g/t Au”

Context: 22m @ 0.86g/t Au from 2m

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

MBRRC579Buffalo Reef/Felda · goldGrade: 1.9Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
MBRRC579
Project
Buffalo Reef/Felda
Commodity
gold
Region
western malaysia
Reported Region
western malaysia
Ticker
MMY

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
6 m
From
8 m
To
14 m
Intercept Depth
2 m

Classification

Program
exploration
Sample Type
drill
Group ID
MBRRC579:8-14
Mining Method
open_pit

Location

Location
BRC3/BRC4 Gap
Easting
589
Northing
4177
Elevation
496 m
Azimuth
270 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Malaysia laboratory in Port Klang
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Deleterious

Deleterious Flag
Yes
Deleterious Elements
antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: A moderate grade gold sub-interval over a reasonable width from shallow depth, contributing to the overall mineralization in the area, but true width is not yet known.

Positive factors

  • Moderate grade over a reasonable width.
  • Shallow intercept from 8m depth.

Negative factors

  • True width is not stated, potentially overstating the actual thickness.

Evidence · table

“6m @ 1.9g/t Au”

Context: 22m @ 0.86g/t Au from 2m

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.