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Monarch Gold Corp.
Summary
| Project: | McKenzie Break | |
|---|---|---|
| Deposit: | McKenzie Break | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2019: Monarch Gold Corp. announces an Exploration/Drilling Update report for its McKenzie Break deposit at the McKenzie Break project. Drilling results incl. 1.35m @ 12.6g/t Au from 77.65m. Montreal, Quebec, Canada, March 20, 2019 – MONARCH GOLD CORP | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ronald G. Leber (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, March 20, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third and last 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 for the last 20 holes totalling 5,052 metres of core (see table below and press releases dated February 28, 2019 and March 13, 2019 for a compilation of the 2018 assay results). “With the solid high-grade results obtained from our 2018 drilling program, we have upgraded the status of McKenzie Break as one of our prime advanced exploration projects,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “The program delivered beyond our expectations, enabling us to establish that the deposit remains open to the west, east, north and at depth and continues to hold excellent high-grade gold potential (see plan view and longitudinal). In fact, the next resource estimate has the potential to expand the underground deposit by 250 metres to the east, 100 metres to the north and 50 metres to the west. There is still a lot of exploration work to be done to fully assess the size and magnitude of this deposit, which remains largely underexplored. We are presently analyzing the results of the 2018 drilling and planning the follow-up program for 2019.” | |
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