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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Croinor | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-8-2017: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Croinor deposit at the Croinor project. Drilling results incl. 13.5m @ 2.24g/t Au from 171.0m. Montreal, Quebec, Canada, August 31, 2017 – MONARQUES GOLD CORPORATION (“M | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kenneth Williamson (Not Stated) | |
| ABSTRACT: | Montreal, Quebec, Canada, August 31, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report new results from its 2017 drilling program on Croinor Gold. The objectives of the drilling on the Croinor Gold deposit are: (1) to validate the geological interpretation and orientation of the mineralized zones and (2) to discover new zones at depth. Holes CR-17-543 and CR-17-547 both met the two program objectives. The holes were drilled on Section 620W (see section). Hole CR-17-543 supports the presence of four sheared, sericitized corridors hosting quartztourmaline veins with economical gold grades (see table below), once again supporting the close link between the sericite and the gold content of the veins. This new hole also suggests that the dips in the western sector are steeper. Hole CR-17-547, which totalled 654 metres, crossed several mineralized corridors, as well as a new zone at a vertical depth of 560 metres grading 5.22 g/t Au over 3.0 metres, including 8.41 g/t Au over 1 metre. This new zone has the same alteration characteristics and contains quartz-tourmaline veins with visible gold at the south contact of the diorite. The hole was collared on Section 620W and ended at Section 600W, and intersected the diorite, which hosts the mineralization, between 294 and 599 metres. | |
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