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Monarch Gold Corp.

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Summary

Project:

Fayolle

Deposit:Fayolle
Location:Canada
Commodities:Gold
Date:9/5/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:5-9-2019: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Fayolle deposit at the Fayolle project. Drilling results incl. 4.86m @ 40.50g/t Au from 2.64m. Montreal, Quebec, Canada, September 5, 2019 – MONARCH GOLD CORPORATION (“Mo
Resources:x
CP/QP:[Overall Report]: Ronald G. Leber (Internal)
ABSTRACT:Montreal, Quebec, Canada, September 5, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the assay results from the 2019 diamond drilling program at its newly acquired, wholly owned Fayolle gold project 35 kilometres north east of Rouyn-Noranda, near its Camflo mill. A total of 586 metres were drilled in 14 holes. The purpose of the program was to drill infill holes in the centre of the deposit and around the known limits of the mineralization. Hole FA-19-107, which was drilled to intersect the southern part of the deposit, returned 50.94 g/t Au over 2.70 metres, including 124.08 g/t Au over 1.00 metre. Specks of gold were visible throughout the sample interval. Hole FA-19-103, drilled in the centre of the deposit, 25 metres northeast of hole FA-19-107, returned 40.50 g/t Au over 4.86 metres, including 132.01 g/t Au over 1.00 metre, with multiple grains of visible gold in the sample interval. Sampling started at 2.64 metres down the hole, confirming the near-surface mineralization.

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