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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Croinor | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-1-2017: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Croinor deposit at the Croinor project. Drilling results incl. 3.2m @ 3.95g/t Au. Montreal, Quebec, Canada, January 11th , 2017 – MONARQUES GOLD CORPORATION (“Monarques” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Donald Trudel (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, January 11th , 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report new results from the current 10,000-metre drilling program on its Croinor Gold project, 70 km east of Val-d’Or, Quebec. Hole CR-16-506 was drilled on Section 770W (see section), and intercepted three shear corridors containing gold veins. One of the veins returned 3.95 g/t Au over 3.2 metres, including 15.7 g/t Au over 0.7 metres at a depth of 230 metres, which would appear to support the presence of multiple high-grade gold structures in the western part of the Croinor Gold deposit. Historical hole CR-11-395 had returned values of 21.7 g/t Au over 1.0 metres and 14.69 g/t Au over 2.0 metres in gold structures located at 18 metres southeast of Section 770W. All lengths are identical to core length. There has been relatively little drilling done on the western part of the Croinor Gold deposit, between Sections 740W and 950W. Only one or two holes have been drilled on each section, with the sections spaced at 20 metres. Furthermore, the tops of the veins lie at a depth of about 175 metres. The Corporation considersthe gold potential to be higher below that level, where the corridors and veins are more numerous and tend to be higher grade. | |
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