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Monarch Gold Corp.
Summary
| Project: | McKenzie Break | |
|---|---|---|
| Deposit: | McKenzie Break | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-3-2019: Monarch Gold Corp. announces an Exploration/Drilling Update report for its McKenzie Break deposit at the McKenzie Break project. Drilling results incl. 2.6m @ 20.12g/t Au from 356.5m. Montreal, Quebec, Canada, March 13, 2019 – MONARCH GOLD CORP | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ronald G. Leber (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, March 13, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the second set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received from an additional 20 holes totalling 4,469 metres of core (see table below and press release dated February 28, 2019 for a compilation of the 2018 assay results). “Like the first set of holes, this second set generated solid results that extended the deposit eastward and at depth, especially hole MK-18-205, which intersected 2.6 metres of 20.12 g/t Au at 360 metres (see plan view), our deepest intersection yet,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “Since the program started, we have been convinced of the potential to increase the resource between the Orange and Green zones, as well as to the east and at depth, and the results of the first 41 holes only strengthened our 2 conviction (see longitudinals from the first set of results and the results to date). There is little doubt that McKenzie Break merits further exploration.” Hole MK-18-216 returned 24.40 g/t Au over 2.0 metres, including 93.80 g/t Au over 0.5 metres, at 140 metres below surface. There are two historical holes near this hole, within the same structure, one 50 metres northeast that returned 19.89 g/t Au over 0.9 metres and the other 60 metres northwest that returned 3.09 g/t Au over 1.5 metres. Together, the three intersections confirm the continuity of this lens below the main lens of the Orange zone. | |
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