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Monument pulls out of Matala gold JV

MonumentMining Ltd. has decided to withdraw from the to earn up to a90% interest in the Matala gold project in the Democratic Republic of Congofrom Afrimines ResourcesSPRL subsidiary Regal Sud Kivu SARL.

The company will continue to review a number ofopportunities it has identified in its search for high quality gold assets inthe country, President and CEO Robert Baldock said in a May 9 statement.