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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Croinor, Gold Bug | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-3-2017: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Croinor, Gold Bug deposit at the Croinor project. Drilling results incl. 3.2m @ 6.69g/t Au from 309.60m. MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Donal Trudel (Internal) | |
| ABSTRACT: | MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce the initial results from the 2017 drilling program on its Croinor Gold property, 70 km east of Val-d’Or, Quebec. The 10,000-metre drilling program is designed to further investigate the most favourable areas tested on Croinor Gold in 2016, pursue exploration in the Gold Bug area and drill the Croinor Gold deposit at depth. “The 2017 drilling program is the logical extension of the work done to date on Croinor Gold, given the positive results of the 2016 program,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “The 2016 program ended with the discovery of a 25-metre intersection grading 8.41 g/t Au on Gold Bug (see press release dated January 24, 2017). It also outlined the western part of the Croinor Gold deposit and generated numerous high grade gold-bearing intersections that confirmed the continuity of the deposit at depth. The initial results for the 2017 program strengthens our conviction that the Croinor Gold deposit could contain more economic zones than those already identified, and we are eagerly awaiting the completion of the updated prefeasibility study being prepared by InnovExplo.” | |
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