For thousands of other reports visit RSC's Mineral Intellingence Map
Monarch Gold Corp.
Summary
| Project: | McKenzie Break | |
|---|---|---|
| Deposit: | McKenzie Break | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-6-2018: Monarch Gold Corp. announces a Resource Estimation report for its McKenzie Break deposit at the McKenzie Break project. Updated mineral resource estimate at the project. Montreal, Quebec, Canada, June 14, 2018 – MONARQUES GOLD CORPORATION (“Mon | |
| Resources: | (Resource, Ind.): 939.860Kt @ 1.59g/t Au for 48.133Koz Au contained | |
| CP/QP: | [Resources]: Alain-Jean Beauregard, Christian D'Amours (Geologica Groupe-Conseil;GeoPointCom Inc.) | |
| ABSTRACT: | Montreal, Quebec, Canada, June 14, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report the results of a mineral resource estimate for its McKenzie Break gold project 35 km north of Val-d’Or, Québec. Monarques can acquire a 100% interest in the property from Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) over a four-year period (see press release dated December 21, 2017). The report was prepared by Alain-Jean Beauregard (P.Geo.) and Daniel Gaudreault (Eng.) of Geologica Groupe-Conseil Inc., and Christian D’Amours (P.Geo.) of GeoPointCom Inc., qualified persons as defined by NI 43-101. The estimate was prepared by GeoPointCom Inc. and is dated April 17, 2018. Following a careful and detailed review of the old holes logs, and thanks to the 3D compilation of the drilling data, it was possible to identify about 11 new mineralized structures. These mineralized zones are located near, above and below the 12 Green and Orange zones and associated known sub-zones. With approximately 23 associated gold structures, it is now possible to consider the possibility of a pit-constrained operation as presented in Scenario 1. “The results of this resource estimate are better than we anticipated, mainly due to the pit constrained potential,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “The pit constrained resource is easily accessible as the average overburden thickness is only 5 metres wide, meaning that we could put the McKenzie Break project into production relatively quickly. With our Beacon Mill less than 20 km away scheduled to restart in the last quarter of 2018, we could potentially use this resource as additional feed for the mill. We think this could be a cost-effective strategy for this project, and we will now work on increasing the potential of the pit constrained resource.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report