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Project: | Wasamac | |
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Deposit: | Wasamac | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 10/26/2017 | |
Report Code: | NI43-101 | |
Report Type: | Resource Estimation | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 26-10-2017: Monarch Gold Corp. announces a Resource Estimation report for its Wasamac deposit at the Wasamac project. Updated mineral resource estimate for project. Roscoe Postle Associates Inc. (RPA) was retained by Monarques Gold Corporation (Monarques) | |
Resources: | (Resource, M+I): 29.86Mt @ 2.70g/t Au at project | |
CP/QP: | [Resources]: Tudorel Ciuculescu (Roscoe Postle Associates Inc.) | |
ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Monarques Gold Corporation (Monarques) to update the Mineral Resource estimate and prepare an independent Technical Report on the Wasamac Project (the Project). This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). RPA visited the property on September 29 to 30, 2017. The Wasamac property is located approximately 15 km west-southwest of Rouyn-Noranda in Beauchastel Township and consists of a contiguous block comprising three mining leases covering 757.65 ha and eleven mining claims covering 391.68 ha for a total area of 1,149.33 ha. Monarques is a Montreal-based gold exploration company formed in February 2011 (as Monarques Resources Inc.) and is a reporting issuer in British Columbia, Alberta, Ontario, and Quebec. The common shares of Monarques trade on the TSX Venture Exchange and the company is under the jurisdiction of the Autorité des marchés financiers du Québec. | |
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