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Monarch Gold Corp.
Summary
| Project: | Croinor | |
|---|---|---|
| Deposit: | Gold Bug | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2016: Monarch Gold Corp. announces an Exploration/Drilling Update report for its Gold Bug deposit at the Croinor project. Drilling results incl. 9.50m @ 2.65g/t Au from 56.00m. Quebec City, Quebec, Canada, June 8 th , 2016 – MONARQUES GOLD CORP. (“Mon | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Antoine Fournier (Internal) | |
| ABSTRACT: | Quebec City, Quebec, Canada, June 8 th , 2016 – MONARQUES GOLD CORP. (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report on the results of its initial 2016 drilling program on the Gold Bug gold-bearing structure, which was discovered in 2015 less than 500 metres northwest of the Corporation’s Croinor Gold (“Croinor”) project approximately 70 kilometres east of Val-d’Or, Quebec. The goal of the program was to test the continuity of the Gold Bug zone along strike and at depth by drilling a series of short holes no more than about ten metres apart due to the erratic nature of the mineralized system, which contains free (visible) gold. The program was carried out in April, and consisted of 774 metres of drilling in nine holes. Four holes drilled under and into the northeast extension of the structure (CR-16-473, CR-16-474, CR-16-478 and CR-16-479) intersected the Gold Bug gold-bearing structure. Note that the gold in the structure is erratic in nature, and although all the holes intercepted the structure, the gold values obtained do not always reflect the visual aspect of the core. Visible gold is still the best indicator of high grade. | |
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