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Monarch Gold Corp.
Summary
| Project: | McKenzie Break | |
|---|---|---|
| Deposit: | McKenzie Break | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/8/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-1-2020: Monarch Gold Corp. announces an Exploration/Drilling Update report for its McKenzie Break deposit at the McKenzie Break project. Drilling results incl. 2.1m @ 26.78g/t Au from 363.0m. Montreal, Quebec, Canada, January 8, 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, January 8, 2020 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the assay results for the first four of ten holes drilled during 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, initially consisted of seven holes 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). Three new holes and two hole extensions were subsequently added in the light of the excellent results from holes MK-19-241 and MK-19-242. The first portion of the program consisted of four holes drilled in the southern sector of the property to extend the new gold-rich lens intersected at depth by hole MK-18-205 during the 2018 drilling program (20.12 g/t Au over 2.6 metres) (see Figure 1). Holes MK-19-241, 242, 243 and 244 were collared 50 metres south, east, north and northwest of hole MK-18-205, respectively. MK-19-241 returned significant gold mineralization, including 26.78 g/t Au over 2.1 metres(see Figure 2); MK-19-242 intersected 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres (see Figure 3); MK-19-243, the northernmost hole drilled in the southern sector, returned low assays, with a best result of 0.96 g/t Au over 2.0 metres; and MK-19-244 returned broadly anomalous gold values over three intervals in the target area of 338.0 metres to 381.6 metres down the hole, confirming that the gold system is still present (see Figure 4). The full results for these first four holes are set out in the table below. | |
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