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Monarch Gold Corp.
Summary
| Project: | Beaufor Mine | |
|---|---|---|
| Deposit: | Beaufor Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-1-2018: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Beaufor Mine deposit at the Beaufor Mine project. Drilling results incl. 3.9m @ 61.48g/t Au from 398.4m. Montreal, Quebec, Canada, January 11, 2018 – MONARQUES GOLD CORP | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Elise Bourgault (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, January 11, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report the results of its exploration drilling program at the Beaufor Mine. The 2,239-metre program was aimed at increasing the resource in two sectors of the Beaufor Mine, Zone Q and Zone 1700. Zone Q is the main zone of current production at the Beaufor Mine. Two new holes were drilled in the eastern extension of Zone Q, outside the known mineralized envelope, to test the continuity of the structure and check for the presence of mineralized veins in the hangingwall and footwall of the zone. Holes 150-60a and 150-61 (see Sections 1810E and 1855E) were drilled to a depth of 534 and 558 metres, respectively. They intersected Zone Q, as well as several mineralized veins (QH Zone) located 20 to 60 metres from the hangingwall of the zone. A number of mineralized veins were also intersected 10 to 100 metres away from the Zone Q footwall (QF Zone). These new mineralized zones are similar in nature to the typical known veins at the Beaufor Mine, which are quartz-tourmaline veins with disseminated pyrite associated with diorite dikes. | |
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