Monument Mining Limited (TSX.V: MMY) "Monument" or the "Company" is pleased to announce that it has appointed Mr. Klaus Eckhof as an independent Senior Geological Adviser to the Company to identify and review gold properties, and assist in completion of acquisition transaction(s) toward building an inventory of significant gold resources within the Company.
Monument has enlisted the services of Mr. Eckhof due to his wide knowledge of the resource industry and proven success record. Mr. Eckhof is a senior qualified and experienced geologist with extensive understanding of the resource industry including the projects, industry participants and other factors that will assist the Company. In the past 20 years he has successfully identified, acquired, drilled up or been instrumental in acquiring and establishing considerable gold, base metal (multi metal, tin and copper resources) within a number of companies. This includes discovery and establishment of the Kibali gold deposit that was sold to Randgold in 2009. The Kibali Project has since been developed into an operating gold mine with reserves and resources exceeding 20.0 M ounces of gold and now producing more than 550,000 ounces of gold per year at a cash cost of between US$650 - 700 per ounce. Mr. Eckhof has also established a number of successful exploration initiatives in junior gold explorers, including Tiger Resources, Alphamin Resources, Lafayette Mining and Bury Gold.
Monument is an established mine builder and operator. It looks for opportunities where its skills can be an advantage in a transaction that has potential to be placed into production in the short to medium term. The Company has been seeking acquisition opportunities in gold properties it can develop wherever they may occur, whether in Australia, South East Asia or Africa, including within the DRC. It has spent time since 2014 in understanding and conducting due diligence in a number of counties to better understand opportunities that may present themselves. There have been some notable transactions in Australia and Africa generally, and in DRC specifically.
The Company believes that Mr. Eckhof can assist in this process of building a project pipeline and an inventory of gold and precious metal ounces within the Monument project pipeline.
About Monument
Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT: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 approximately 240 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. The Company has also been seeking potential opportunities for larger resources in other countries.
Source: Monument Mining
