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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Croinor | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/30/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2014: Monarch Gold Corp. announces a Pre-Feasibility Study report for its Croinor deposit at the Croinor project. PFS results incl. pre-tax NPV (5%) of $25M, IRR of 34%, 3.8 year payback period. At the request of Mr. Jean-Marc Lacoste, President & C | |
| Resources: | (Reserve, P+P): 541534t @ 6.77g/t Au for 117870oz Au contained | |
| CP/QP: | [Resources]: Carl Pelletier, Karine Brousseau (InnovExplo Inc.) | |
| ABSTRACT: | At the request of Mr. Jean-Marc Lacoste, President & Chief Executive Officer of Monarques Resources Inc. (“Monarques” or “the issuer”), InnovExplo has been retained to complete a Technical Report (“the report”), and update of the preliminary feasibility study on the Croinor Gold Property in compliance with National Instrument 43-101 and Form 43-101F1. This report is addressed to Monarques Resources Inc., a Canadian exploration company listed on the TSX Venture Exchange (TSXV) under the symbol MQR. InnovExplo is an independent mining and exploration consulting firm based in Val-d’Or (Québec). The Report presents an updated of the prefeasibility study dated February 29, 2012 to include the changes in royalties, capital and operating costs, and gold price. InnovExplo considers the present Prefeasibility Study (and Resource Estimate herein) to be reliable and thorough, based on quality data, reasonable hypotheses, and parameters compliant with NI 43 101 and CIM standards regarding mineral resource estimates. | |
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