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Monarch Gold Corp.
Summary
| Project: | McKenzie Break | |
|---|---|---|
| Deposit: | McKenzie Break | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2019: Monarch Gold Corp. announces an Exploration/Drilling Update report for its McKenzie Break deposit at the McKenzie Break project. Drilling results incl. 2.6m @ 61.20g/t Au from 254.8m. Montreal, Quebec, Canada, February 28, 2019 – MONARCH GOLD C | |
| Resources: | (refer to full report) | |
| CP/QP: | [Overall Report]: Ronald G. Leber (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, February 28, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the first assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d’Or, near Monarchs’ 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 first 21 holes totalling 4,424 metres of core (see table below for assay results). “This first set of results attests to McKenzie Break’s solid exploration and high-grade potential, and already extends the deposit laterally and at depth,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “Previous work on the property was mainly limited to the Green and Orange zones, which nonetheless enabled us to outline an indicated and inferred resource of over 165,000 ounces of gold (see press release dated June 14, 2018). Our aim going forward is to increase that resource.” Hole MK-18-196 returned 61.20 g/t Au over 2.6 metres, including 265.00 g/t Au over 0.6 metres, at 260 metres below surface. This hole lies 110 metres west of a historic hole that returned 3.56 g/t Au over 1.1 metres, and 75 2 metres southeast of hole MK-18-195, which yielded 1.84 g/t Au over 1.0 metre. The intersections from holes MK18-196 and MK-18-195 are on the same horizon, thereby potentially representing a new lens at depth. | |
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