Monax Mining Limited announced the results of a Mineral Resource estimate at its Western Queen gold project in Western Australia. The Company commissioned a Mineral Resource estimate for its Western Queen Gold Project and the work was completed by Payne Geological Services Pty Ltd. The Project includes the two previously mined deposits Western Queen South ("WQS") and Western Queen Central ("WQC") which had combined previous production of 881,000t at 7.6g/t for 214,000 ounces of contained gold. Monax recognised the potential for the down-plunge continuation of the deposits and the Company's first drilling program at the project confirmed an extension to the WQS deposit. The Monax drilling, along with numerous historic holes, was used to estimate the WQS resource. At WQC, the high grade orebody was mined initially via open pit, then via a small underground mine development. The mineralisation was disrupted at the base of the mine by a series of cross-cutting pegmatite dykes which led to the closure of the mining operation in 2002. Historic drilling beneath the pegmatites intersected high grade gold and these holes have been used to define the Mineral Resource at WQC. Monax is planning to complete further drilling at Western Queen Central over the next six months, testing the depth extension of the high grade Resource of 130,000t @ 9g/t Au. The Company is also planning to complete a full review of the known pegmatites on the project to determine if they have potential to host lithium occurrences.