Monument Starts Commissioning CIL Circuit
While Gravity Circuit is in Pre-Commercial Production
Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the
“Company” announces that it has commenced commissioning of the CIL (“carbon in leach”) circuit
of the 1200 tpd gold treatment plant at its wholly owned Selinsing Gold Project located in Pahang
State, Malaysia while having its gravity circuit in pre-commercial production.
Subsequent to acquisition of Selinsing Gold Project in June 2007, the Company has been developing
the open pit gold mine together with building a 1,200 tpd gold treatment plant in two construction
phases including the gravity circuit and the CIL circuit.
The gravity circuit was commissioned in September 2009 and has since been placed into precommercial
production. A total of 4,002 ounces of gold have been produced to date from the gravity
circuit with a by-product of 890 ounces of silver. The first shipment of gold occurred in early
November 2009. The average realized gold price from sales is US$1,124 per ounce. The cash
generated from gold sales has been used to fund continuing construction of the CIL circuit. The mill
throughput increased from monthly throughput of 3,534 tons in September 2009 to 34,260 tons in
January 2010. The gravity circuit has achieved its targeted throughput in December 2009.
The commissioning of the CIL circuit commenced on February 12, 2010, delayed from December
2009 due to the late arrival of agitators, expected in November 2009 but delivered in February 2010.
The Company is now focusing on completion of the CIL circuit commissioning. Together with the
gravity circuit, the gold treatment plant, once in full production, will have a capacity of 40,000
ounces of gold per year.
The mining operation, commenced in July 2009, has currently stockpiled over 200,000 tons of ore
for continued processing and approximately 120,000 tons of cyclone overflow material from the
gravity circuit has been stored for future treatment in the CIL circuit.
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