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Monarch Gold Corp.
Summary
| Project: | Beaufor Mine | |
|---|---|---|
| Deposit: | Beaufor Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-3-2018: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Beaufor Mine deposit at the Beaufor Mine project. Drilling results incl. 2.1m @ 32.28g/t Au from 363.1m. Montreal, Quebec, Canada, March 27, 2018 – MONARQUES GOLD CORPOR | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Petr Pelz (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, March 27, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report new results that mark the end of its 2017 drilling program at the Beaufor Mine. The results are from a total of 7,157 metres of drilling in 52 holes, including 5 exploration holes (2,651 metres) and 47 definition drill holes (4,506 metres). The holes were drilled in multiple areas of the mine, including zone Q, QH2 and 32 and the 350H, 1700 and Granodiorite East projects (see composite schematic section). Zone Q is the main zone currently in production at the Beaufor Mine. Two holes were drilled in the eastern part of the zone, outside the known reserve and resource envelope, to test for structural continuity and the presence of mineralized veins in the hangingwall and footwall. Holes 142-89 and 142-95 (see section 1690E) were drilled to a final depth of 654 and 460 metres, respectively. Both holes intersected Zone Q, as well as mineralized veins in the footwall of the zone (QF veins). Three other exploration holes (142-74, 150-63b and 156-13) were drilled in the 1700 and Granodiorite East project areas, for a total of 1,537 metres. The 1700 project returned the best result, with 26.70 g/t Au over 0.50 metres in Hole 156-13 associated with a quartz vein containing 30% pyrite. Additional drilling is needed for a better understanding of the geometry of the veins in this area, as little is currently known about their extensions. | |
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