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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Gold Bug | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-4-2017: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Gold Bug deposit at the Croinor project. Drilling results incl. 15m @ 6.96g/t Au from 21.0m. MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (F | |
| 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 results of drilling in the Gold Bug area, which lies less than 500 metres from the Croinor Gold deposit. The 2017 drilling program on Gold Bug was aimed at testing the gold-bearing potential of the zone discovered by the Corporation in January. Drilling has confirmed that the shear corridor contains anomalous to economic gold grades over a width of about 15 metres, to a vertical depth of at least 115 metres. “The results for Gold Bug show increasingly attractive economic gold potential due to the width and depth of the gold-bearing structure discovered in January,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “We believe that this area could eventually add to the resource for the Croinor Gold project. A key advantage at Gold Bug is that the structure lies close to surface, and could therefore be mined more easily, at a lower cost. This area will remain a high-priority drill target, with further testing of the structure along strike and at depth.” | |
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