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Monarch Gold Corp.
Summary
| Project: | Beaufor Mine | |
|---|---|---|
| Deposit: | Beaufor Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-7-2018: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Beaufor Mine deposit at the Beaufor Mine project. Drilling results incl. 3.95m @ 20.62g/t Au from 112.20m. Montreal, Quebec, Canada, July 17, 2018 – MONARQUES GOLD CORPO | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Elise Bourgault (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, July 17, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report the first set of results from its 30,000-metre 2018 drilling program at the Beaufor Mine. The current results are from nine exploration holes totalling 2,047 metres of drilling on the QF1 and 1700 projects (see composite schematic section). QF1 project The QF1 veins lie some 70 metres from the lower contact of Zone Q, the main zone currently in production at the Beaufor Mine. The current program aims to test the continuity of this structure over an extension of about 500 metres in the West, Central and East sectors, outside the known resource. Four holes totalling 711 metres were drilled in the West sector. All four intersected the QF1 structure, including Hole 18-124-92, which intersected 20.62 g/t Au over 3.95 metres, including 111.00 g/t Au over 0.70 metres. This zone consists of two quartz-tourmaline veins 176 cm and 24 cm thick, containing 1% and 15% pyrite, respectively, within a chloritized, silicified, albitized granodiorite. “The results of this first round of drilling in 2018 shows strong gold potential in the Zone Q footwall,” said JeanMarc Lacoste, President and Chief Executive Officer of Monarques. "This strengthens our sense that the mineral resource can be increased in this area. The next round of drilling, which is now underway, will test the three sectors of the QF1 structure, namely the West, Central and East.” | |
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