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Monarch Gold Corp.
Summary
| Project: | McKenzie Break | |
|---|---|---|
| Deposit: | McKenzie Break | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2020: Monarch Gold Corp. announces an Exploration/Drilling Update report for its McKenzie Break deposit at the McKenzie Break project. Drilling results incl. 2.0m @ 7.01g/t Au from 245.2m. Montreal, Quebec, Canada, February 6, 2020 – MONARCH GOLD CORP | |
| Resources: | (Resource, I+I): 165,608oz Au contained at project | |
| CP/QP: | [Overall Report]: Ronald G. Leber (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, February 6, 2020 – 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 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d’Or, near its Camflo and Beacon mills. The 2019 drilling program, which took place in the fall, consisted of ten holes and two hole extensions designed to follow up on the positive results from the 2018 program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). The assay results reported here are for three holes totalling 992 metres drilled in the northern section of the property (see Figure 1). Hole MK-19-246 returned grades of 17.47 g/t Au over 0.8 metres and 7.98 g/t Au over 0.5 metres in two intervals 12.5 metres apart (see Figure 2). This hole is the farthest one to the north and west of the three holes drilled in the northern sector. MK-19-246 lies 100 metres from hole MK-18-231 drilled in 2018, which returned 17.45 g/t Au over 1.5 metres, and 75 metres from hole MK-18-234, which returned 17.30 g/t Au over 0.8 metres. | |
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