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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Croinor | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 9-11-2016: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Croinor deposit at the Croinor project. Drilling results incl. 2.2m @ 8.58g/t Au. Montreal, Quebec, Canada, November 9th, 2016 – MONARQUES GOLD CORPORATION (“Monarques” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Donald Trudel (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, November 9th, 2016 – 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-16-489 intersected several gold veins at a depth of 265 m to 320 m, confirming the presence of two previously defined gold structures (see Section 50 East). The first interpreted vein returned an intersection of 8.58 g/t Au over 2.2 metres, including 16.5 g/t Au over 1.1 metres. Above that, the hole also returned grades of 4.0 g/t Au over 1.0 m and 1.2 g/t Au over 1.0 m. The second gold structure was confirmed by an intersection of 1.4 g/t Au over 0.9 m. All lengths represent the length of the drill core. “We are on track to achieving one of our objectives for this program, which was to increase the Inferred resource while confirming the presence of an economic zone at depth on Croinor Gold,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Two drills will continue to work on the program in November. We still have some deep holes to drill before we tackle our second objective of confirming the grade and extending the gold-bearing zones of the Indicated resource, which was defined by the November 2014 resource estimate and prefeasibility study.” | |
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