Monument Mining has an interest in one other gold
project outside the Selinsing region. The Mersing project is
located in southeast Peninsular Malaysia, and it is host to a
massive geochemical anomaly that holds evidence of widespread
quartz veining. This area has been host to substantial
alluvial mining, but it has never seen systematic widespread
exploration. MMY is currently working to earn a
49% interest in Mersing (for $500k in cash, 1.5m shares,
and $2.0m in exploration commitments), and has the option
to acquire the remainder of the project if it so chooses.
Monument Mining’s final exploration project is not primary
gold, but it is a beast that could really add to this company’s
bottom line. The Mengapur project is located in central
Peninsular Malaysia and hosts a massive polymetallic
deposit that was originally discovered back in 1979. Mengapur
has seen extensive work that has led to numerous
historic resource estimates, with the most recent showing
1.2b lbs of copper, 1.2m ozs of gold, 64m ozs of silver,
along with significant sulfur, iron, and molybdenum.
Mengapur has also been subject to a definitive feasibility.