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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Croinor, Gold Bug | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2017: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Croinor, Gold Bug deposit at the Croinor project. Drilling results incl. 9.0m @ 7.84g/t Au from 229.1m. Montreal, Quebec, Canada, December 14, 2017 – MONARQUES GOLD COR | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kenneth Williamson (Internal) | |
| ABSTRACT: | Montreal, Quebec, Canada, December 14, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report new results for its 2017 drilling program at Croinor Gold, including for the Gold Bug sector. These are the final results for the drilling program, which consisted of 26 holes totalling 9,388 metres of drilling on the Croinor Gold deposit and 26 holes totalling 5,457 metres in the Gold Bug sector (see Drilling location map). “This was a successful drilling program because it enabled us to increase the size of the Croinor deposit, which remains open along strike and at depth,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our understanding of the deposit improves with each new hole drilled. The controls on mineralization we are using appear to be appropriate. Our strategy is to continue testing the mineralization at depth and to drill some holes at the east and west ends of the deposit. We will also drill holes in areas of the Croinor Gold deposit where we lack information, and will try to increase the indicated resource for the zones of the block model. We also obtained interesting results for the Gold Bug sector that will allow us to better plan our next phase of work on this very promising sector.” | |
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