Monument Welcomes Dato’ Sia Hok Kiang to its Board of Directors
November 30 2020 - 11:00AM
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or
the “Company” is pleased to announce the appointment of Mr. Dato’
Sia Hok Kiang as a member of its Board of Directors effective
immediately.
Dato’ Sia Hok Kiang is a professional geologist
registered with the Board of Geologists in Malaysia, and has 40
years of mining and exploration experience, from being a hands-on
geologist to taking on executive roles in the mining industry in
Malaysia, Peru, Brazil, Ecuador, Venezuela, Guyana, USA, Canada,
Central Africa, Mongolia, Australia, Indonesia, and Cambodia.
Since 2008 Dato’ Sia Hok Kiang has been the
Executive Chairman of Malaco Mining Sdn Bhd, one of the major
shareholders of Monument. Dato’ Sia currently serves as a Senior
Council Member of the Malaysian Chamber of Mines and a member of
the Malaysian Geological Society. He is actively advising the
Department of Mineral and Geosciences of the Malaysian Ministry of
Land and Natural Resources of matters relating to mining and
economic geology. Dato’ Sia has a B.Sc. (Hons) in Applied Geology
from the University of Malaya.
“I am honored to welcome Mr. Dato’ Sia to the
Monument Board of Directors,” remarked Mr. Robert Baldock, Chairman
of the Board, “His strong mining background combined with extensive
experience and presence in the Malaysia mining industry will
complement our Board as we continue building the Company for all
stakeholders.”
Mr. Baldock added, “The Covid-19 pandemic is
changing the world’s economic expectations and the ways of
conducting business, which introduces large uncertainty moving
forward. Having said that, the gold market continues to be strong
in Western Australia. With the strategy to divest the base metal
portfolio and generate cash from the existing Selinsing Gold Mine
through the current gold treatment plant and its planned expansion,
we are actively focusing our corporate development in the Western
Australia region where our Murchison Gold Project has great upside
potential and market attraction. The objective is to increase our
shareholders’ value as rising tide lifts the boat. We are working
through valuations and planning and will update the market
accordingly.”
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: 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 Copper-Iron 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 205
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.
Cathy Zhai, President and CEOMonument Mining
LimitedSuite 1580 -1100 Melville Street Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web
site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T:
+1-604-638-1661 x102 rcushing@monumentmining.com
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Forward-Looking Statement
This news release includes statements containing
forward-looking information about Monument, its business and future
plans (“forward-looking statements”). Forward-looking statements
are statements that involve expectations, plans, objectives or
future events that are not historical facts and include the
Company’s plans with respect to its mineral projects and the timing
and results of proposed programs and events referred to in this
news release. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". The forward-looking statements in this news release are
subject to various risks, uncertainties and other factors that
could cause actual results or achievements to differ materially
from those expressed or implied by the forward-looking statements.
These risks and certain other factors include, without limitation:
risks related to general business, economic, competitive,
geopolitical and social uncertainties; uncertainties regarding the
results of current exploration activities; uncertainties in the
progress and timing of development activities; foreign operations
risks; other risks inherent in the mining industry and other risks
described in the management discussion and analysis of the Company
and the technical reports on the Company’s projects, all of which
are available under the profile of the Company on SEDAR at
www.sedar.com. Material factors and assumptions used to develop
forward-looking statements in this news release include:
expectations regarding the estimated cash cost per ounce of gold
production and the estimated cash flows which may be generated from
the operations, general economic factors and other factors that may
be beyond the control of Monument; assumptions and expectations
regarding the results of exploration on the Company’s projects;
assumptions regarding the future price of gold of other minerals;
the timing and amount of estimated future production; the expected
timing and results of development and exploration activities; costs
of future activities; capital and operating expenditures; success
of exploration activities; mining or processing issues; exchange
rates; and all of the factors and assumptions described in the
management discussion and analysis of the Company and the technical
reports on the Company’s projects, all of which are available under
the profile of the Company on SEDAR at www.sedar.com. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
does not undertake to update any forward-looking statements, except
in accordance with applicable securities laws.
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