Monarques Gold Corporation

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Monarques Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada.

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Monarques Gold Corporation

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Monarques Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large......

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4 hours

8020 Admin posted a press release Monarch Gold sells 2% NSR royalty on the Chimo Mine property to Cartier Resources in MONARQUES GOLD CORPORATION


MONTREAL, June 19, 2019 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that its wholly-owned subsidiary Louvem Mines Inc. ("Louvem") has sold a 2% net smelter return ("NSR") royalty on certain claims of the Chimo Mine property to Cartier Resources Inc. ("Cartier") (TSXV: ECR) in consideration of a cash payment of $350,000. Monarch acquired Louvem as part of the acquisition of Richmont Mines' Quebec assets in October 2017.



"This transaction allows us to monetize an asset that did not fit with our core business," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The funds will be allocated to the development of our priority projects in Abitibi. Furthermore, we retain a portfolio of NSR royalties ranging from 0.50% to 2.50% on the Chalice Gold Mines property, which surrounds the Chimo Mine property."



ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


www.monarquesgold.com


View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-sells-2-nsr-royalty-on-the-chimo-mine-property-to-cartier-resources-300870878.html


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/19/c1221.html



Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com

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8020 Admin posted a press release Monarch Gold Announces the Signature of Binding Letters of Intent for the Acquisition of the Fayolle Gold Deposit in MONARQUES GOLD CORPORATION





High-grade gold deposit with an historical estimate of 548,500 tonnes grading 5.75 g/t Au

MONTREAL, June 18, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the signature of binding letters of intent for the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec Inc., formerly known as Aurizon Mines Ltd. ("Hecla") (NYSE: HL) and Typhoon Exploration Inc. ("Typhoon") (TSXV: TYP).



The Fayolle property consists of 39 mineral claims covering an area of 1,373 hectares (14 km2) in Aiguebelle and Cléricy townships, approximately 35 km northeast of Rouyn-Noranda, Quebec. The Fayolle deposit contains an historical estimate of 548,500 tonnes grading 5.75 g/t Au for a total of 101,326 ounces of gold (Source: Technical report and preliminary economic assessment for the Fayolle property (compliant with Regulation 43-101 and Form 43-101F1) dated March 28, 2013, prepared by InnovExplo). A Monarch qualified person has not performed sufficient work to classify these historical estimates as current mineral resources as defined by NI 43-101, and the Corporation therefore does not consider them as current mineral resources. Although the historical estimates may not be reliable, the Corporation nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program. In order for the historical estimates to become current resources, the Corporation must carry out new drilling on the property, and issue a new mineral resource estimate pursuant to NI 43-101.



Under the terms of the binding letters of intent, (i) in consideration of Hecla's 50% interest, Monarch will issue 12 million shares of the Corporation at an agreed price of $0.25 per share; and (ii) in consideration of Typhoon's 50% interest, Monarch will pay $1.15 million, of which $500,000 at closing, $500,000 five months after closing and the $150,000 balance 12 months after closing, and issue 3.4 million shares of the Corporation at an agreed price of $0.25 per share. The shares issued to Typhoon will be held in escrow for a period of 24 months and released as to one-third after 8, 16 and 24 months.


The binding letters of intent will be replaced by final purchase agreements, which Monarch and each of Hecla and Typhoon intend to sign towards the end of summer 2019.


"These transactions are aligned with our long-term plan to acquire undervalued assets with a view to developing their full value," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The Fayolle project is a large property with high-grade resources, mostly delineated near the surface, and offering excellent exploration potential. Fayolle has been drilled over 60,000 metres and has $8.5 million in work credits. In addition, the project is conveniently located at a reasonable distance from our Camflo mill. In the current gold market, we remain on the look-out for acquisition opportunities such as this one and the recently completed Unigold share acquisition (see press release dated May 9, 2019) to enhance the quality of our portfolio of mining assets."



Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=MQR%3ACA&qmodStoryID=8443025914411692 

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8020 Admin posted a press release Monarch Gold Receives the 2018 F. J. O'Connell Trophy for the Beaufor Mine in MONARQUES GOLD CORPORATION


This prestigious trophy is awarded to mining producers with an exemplary accident prevention record

MONTREAL, June 10, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has been awarded the 2018 F. J. O'Connell trophy in the "Underground Operations - Less than 400,000 hours worked" category for the Beaufor mine by the Québec Mining Association at its annual conference held on June 5 and 6, 2019, in Entourage sur-le-lac, Lac Beauport, in the Quebec City area.



The F. J. O'Connell trophy is awarded annually in recognition of its members' efforts during the year in accident prevention. The criteria for the award of the trophy take into account improvements in a company's safety record and its record compared to the average for all members of the Québec Mining Association.



Accident frequency rates are calculated on the basis of 200,000 labour hours, equivalent to the time worked by 100 workers over a one-year period, taking into account lost-time accidents and accidents with modified work assignments.


"We are extremely proud to have won this prestigious mining industry award, as it recognizes the efforts made and measures taken by the management team and employees to prevent accidents," said Marc-André Lavergne, Vice President, Operations and Community Relations at Monarch. "This record is all the more impressive because it was achieved in a difficult context, as we prepared to put the mine on care and maintenance. I would like to thank all the Beaufor mine employees for their strong contribution." 


"Monarch considers health and safety as a top priority in its current and future activities. When we took over the Beaufor mine in October 2017, prevention continued to be a priority, enabling us to significantly improve our health and safety performance over the past two years. This trophy is the result of the hard work of our entire team and demonstrates the seriousness of our approach as mine operators," added Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. 


The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation's qualified person under National Instrument 43-101.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-receives-the-2018-f-j-oconnell-trophy-for-the-beaufor-mine-300864187.html


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/10/c0868.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com ; Marc-André Lavergne, Vice President, Operations and Community Relations, 1-888-994-4465, ma.lavergne@monarquesgold.com ; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com , www.monarquesgold.com 

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8020 Admin

1 month

8020 Admin posted a press release Monarch Gold Reports its Third Quarter Results in MONARQUES GOLD CORPORATION

Strong contribution from custom milling operations

MONTREAL, May 10, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) reported its results today for the third quarter ended March 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=6222405957451707 

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8020 Admin

1 month

8020 Admin posted a press release Monarch Gold Acquires 14.2% of Unigold in MONARQUES GOLD CORPORATION







  • The Corporation has acquired a block of 6.5 million shares of Unigold (TSXV: UGD), a gold exploration company, which operates in the Dominican Republic.



  • Unigold's main asset is the Neita concession, which hosts a deposit of over 2 million ounces of gold (inferred resource of 39.5 million tonnes at 1.59 g/t Au).



  • The other major shareholders of Unigold are Osisko Gold Royalties Ltd. (14.7%) and Evanachan Limited (7.3%), a company owned by Robert R. McEwen.



  • As consideration, Monarch issued 3.25 million shares of its share capital, which will be escrowed for 24 months.



MONTREAL, May 9, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has acquired from an investor a block of 6.5 million shares (the "Shares") of Unigold Inc. ("Unigold") (TSXV: UGD) at an agreed price of $0.115 per Share for a total amount evaluated at $747,500 payable by the issuance of 3.25 million shares of the Corporation at an agreed price of $0.23 per common share of the Corporation. The shares issued by Monarch will be escrowed for a 24-month period.



Read more here:  https://www.quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=5923756125546387 

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8020 Admin

2 months

8020 Admin posted a press release Monarch Gold Produces 1,328 Ounces of Gold and Generates $5.2 Million in Revenue in its Third Quarter in MONARQUES GOLD CORPORATION






  • Custom milling operations at the Camflo mill contribute strongly to revenues


  • Production at the Beaufor mine declines due to a lower production rate


  • The Wasamac gold project continues to draw considerable interest from potential partners


  • The Corporation completed a positive feasibility study on its Wasamac deposit during the second quarter (see feasibility study), with the following results:


    • Forecast average production: 142,000 ounces of gold over 11 years

    • Pre-tax NPV: $522 million

    • Pre-tax IRR: 23.6%

    • Cash cost: US $550 per ounce



 


MONTREAL, May 1, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its production and corporate highlights for the third quarter ended March 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.



Production highlights




  • Monarch produced 1,328 ounces of gold in the third quarter, down 70% from the second quarter and 73% from 4,932 ounces produced last year. The decrease was attributable to a cut in the production rate and number of employees at the Beaufor mine in January 2019.


  • The Corporation recorded revenues of $5.2 million in the third quarter from the sale of 1,427 ounces of gold at an average price of $1,737 per ounce (US $1,307) plus custom milling revenue, which was down 6.2% from the second quarter due to a planned shutdown at the Camflo mill for maintenance work, but  up 35.5% year over year.


 


"Our custom milling operations at the Camflo mill continue to perform well despite the lower tonnage from the Beaufor mine," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The Beaufor mine is currently operating at a reduced average rate of 7,000 tonnes per month with about 50 employees, and we are reassessing the mine's operations on a monthly basis."


"Our promising projects are unquestionably the Wasamac, Croinor Gold and McKenzie Break advanced gold projects. The Wasamac project continues to draw considerable interest from the mining and financial community, as evidenced by the increased virtual room traffic. We have also had preliminary discussions with a number of parties and will continue to work with them in the coming weeks. Meanwhile, Croinor Gold and McKenzie Break generated excellent drill results in 2018, which increased the gold potential of these projects."



Read more here:  https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACA&qmodStoryID=6718375475841105 

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8020 Admin

2 months

8020 Admin posted a press release Monarch Gold Completes Second and Final Tranche of Private Placement in MONARQUES GOLD CORPORATION


/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, April 26, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTC-PINK: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has closed a second and final tranche of a non‐brokered private placement (the "Offering") for total gross proceeds of $2 million. This second tranche resulted in the issuance of an aggregate of 2,424,242 flow‐through shares (the "FT Shares") at a price of $0.33 per FT Share, for gross proceeds of $800,000.



The aggregate gross proceeds of the Offering will be used by the Corporation to incur exploration expenses on its mining properties located in the province of Québec.



All securities issued pursuant to this Offering are subject to a restricted period of four months and a day, ending on August 27, 2019, under applicable Canadian securities legislation.


This press release does not constitute an offer of securities for sale in the United States or to "U.S. persons" ("U.S. persons"), as such term is defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


www.monarquesgold.com


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2019/26/c7995.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com ; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com 

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8020 Admin

3 months

8020 Admin posted a press release Monarch Gold Sells Pandora Royalty in MONARQUES GOLD CORPORATION

MONTREAL, March 29, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report that it has sold a 0.5% Net Smelter Return (NSR) royalty on the Pandora property (the "Pandora royalty") to Agnico Eagle Mines Limited.  The Pandora royalty was part of the assets that Monarch acquired from Richmont Mines in October 2017. In return for the Pandora royalty, Monarch's payments for the McKenzie Break and Swanson properties will be reduced by $800,000, as follows:


Read more here:   https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=4614387157976573 

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8020 Admin

3 months

8020 Admin posted a press release Monarch Gold Intersects 12.60 g/t Au over 1.35 metres, including 55.90 g/t Au over 0.3 metres, at its Mckenzie Break Gold Project in MONARQUES GOLD CORPORATION





  • 2018 drilling program a total success, expanding the size of the McKenzie Break deposit and confirming its high-grade potential.

  • Visible gold found in 17 of the 61 holes, including hole MK-18-196, which intersected 265.00 g/t Au over 0.6 metres, and hole MK-18-216 with 93.80 g/t Au over 0.5 metres

  • Highlights of the third and last set of results for the 13,945-metre 2018 diamond drilling program:


    • Hole MK-18-236: 12.60 g/t Au over 1.35 metres, incl. 55.90 g/t Au over 0.3 metres, and 13.40 g/t Au over 2.0 metres, incl. 26.40 g/t Au over 1.0 metre

    • Hole MK-18-231: 15.74 g/t Au over 1.5 metres

    • Hole MK-18-222: 13.95 g/t Au over 1.0 metre

    • Hole MK-18-232: 6.84 g/t Au over 2.0 metres, incl. 13.65 g/t Au over 1.0 metre



MONTREAL, March 20, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third and last set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the last 20 holes totalling 5,052 metres of core (see table below and press releases dated February 28, 2019  and March 13, 2019 for a compilation of the 2018 assay results).


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACC&qmodStoryID=8841965238726225 

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8020 Admin

3 months

8020 Admin posted a press release Monarch Gold Intersects 24.40 g/t Au Over 2.0 Metres, Including 93.80 g/t Au Over 0.5 Metres, at its McKenzie Break Gold Project in MONARQUES GOLD CORPORATION

MONTREAL, March 13, 2019  /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the second set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received from an additional 20 holes totalling 4,469 metres of core (see table below and press release dated February 28, 2019 for a compilation of the 2018 assay results).


Read more here: https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACA&qmodStoryID=6289858615122282 

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8020 Admin

4 months

8020 Admin posted a press release Monarch Gold Intersects 61.20 g/t Au Over 2.6 Metres, Including 265.00 g/t Au Over 0.6 Metres, at its McKenzie Break Gold Project in MONARQUES GOLD CORPORATION

MONTREAL, Feb. 28, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the first assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d'Or, near Monarchs' Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the first 21 holes totalling 4,424 metres of core (see table below for assay results).


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=4526506629685863 

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8020 Admin

4 months

8020 Admin posted a press release /C O R R E C T I O N from Source -- Corporation Aurifère Monarques/ in MONARQUES GOLD CORPORATION





In the news release, Monarch Gold Announces Its Second Quarter Results, issued 14-Feb-2019 by Corporation Aurifère Monarques over CNW, we are advised by the company that both the sub headline and second bullet under the Highlights section should read "earnings" rather than "income". Also, in the table titled "Summary of financial results", "Net loss" and "loss" should instead read "Net earnings and comprehensive income" and "Net earnings". Both were originally issued inadvertently. The complete, corrected release follows:


Monarch Gold Announces Its Second Quarter Results

Strong performance with net earnings of $2.2 million

MONTREAL, Feb. 14, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) reported its results today for the second quarter ended December 31, 2018. Amounts are in Canadian dollars unless otherwise indicated.



 


Read more:  https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACC&qmodStoryID=8303932341020038 

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8020 Admin

4 months

8020 Admin posted a press release Monarch Gold resumes drilling on Croinor Gold property in MONARQUES GOLD CORPORATION


1,750-metre program aimed at drilling high potential targets

MONTREAL, Feb. 15, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the resumption of diamond drilling at its wholly owned Croinor Gold property, 50 kilometres east of Val-d'Or, Québec. Before being suspended due to the winter freeze, the 2018 diamond drill program enabled Monarch to extend the limits of the deposit, returning numerous intersections with high grade gold values over good widths, such as 18.40 g/t Au over 1.6 metres,  8.24 g/t Au over 9.0 metres, 43.25 g/t Au over 2.1 metres, 74.23 g/t Au over 2.0 metres and 17.26 g/t Au over 1.95 metres (see press releases dated July 10, 2018, September 5, 2018, October 4, 2018, January 15, 2019 and February 4, 2019 for a compilation of the 2018 drill results). The deposit remains open along strike and at depth.



 



The purpose of the 1,750-metre drilling program that will start in February 2019 is:



  • To finish the 2018 drilling program.

  • To drill high potential targets on the Croinor Gold property.


 


"Exploration to date on Croinor Gold has demonstrated the strong potential for increasing the size of the Croinor Gold deposit and finding new zones on the property," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "This greenfield drilling program on high potential targets is further proof of Monarch Gold's confidence in finding more gold on its 151 km2 property."


The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation's qualified person under National Instrument 43-101.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.)


Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-resumes-drilling-on-croinor-gold-property-300796392.html


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/15/c0795.html

Jean-Marc Lacoste, 1-888-994-4465, President and Chief Executive Officer, jm.lacoste@monarquesgold.com; Mathieu Séguin, 1-888-994-4465, Vice President, Corporate Development, m.seguin@monarquesgold.com; Elisabeth Tremblay, 1-888-994-4465, Senior Geologist - Communications Specialist, e.tremblay@monarquesgold.com, www.monarquesgold.com

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8020 Admin

4 months

8020 Admin posted a press release Monarch Gold Names Mathieu Séguin as Vice President Corporate Development in MONARQUES GOLD CORPORATION


Mr. Séguin brings vast knowledge and expertise in mining company financing and mergers and acquisitions

MONTREAL, Feb. 7, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the appointment of Mathieu Séguin, CFA, as Vice President, Corporate Development.



Mathieu Séguin has been an investment banker since 2002, with a focus on small and mid-capitalization issuers. During his career, he has advised clients on a broad range of transactions across various sectors, including mining, industrial and technology. Prior to joining Monarch, Mathieu was Director, Investment Banking at Laurentian Bank Securities, where he advised companies on all aspects of corporate finance, from equity and debt financings to mergers and acquisitions, from 2016 to 2018. From 2009 to 2016, he was Vice President, Investment Banking for Industrial Alliance Securities, where he mainly covered mining companies and Quebec-based corporate issuers. Mathieu also served as Vice President with the Strategic Capital Group of Desjardins Securities from 2005 to 2009, raising capital and providing mergers and acquisitions advisory services to small and mid-capitalization issuers. Mathieu has a Bachelor of Business Administration from HEC Montréal and is a Chartered Financial Analyst.



"We are very pleased that Mathieu has agreed to join Monarch at this stage in our development, when we are looking at financing and partnering our Wasamac flagship gold project," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "His extensive knowledge of complex financial structures and products within the debt and equity capital markets will be very valuable for us, as will his vast network within the financial and mining communities. Mathieu will take a lead role in raising Monarch's profile with the investment community, identifying and assessing new growth opportunities and structuring the best deal possible to unlock Wasamac's value for our shareholders."


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


www.monarquesgold.com


 

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SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/07/c2511.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com ; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com 

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8020 Admin

5 months

8020 Admin posted a press release Monarch Gold Intersects 17.26 g/t Au Over 1.95 Metres, Including 50.10 g/t Au Over 0.6 Metres, at its Croinor Gold Project in MONARQUES GOLD CORPORATION

MONTREAL, Feb. 4, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the last assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project, 50 kilometres east of Val-d'Or, Québec.


Read More:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=7339468665240402 

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5 months

8020 Admin posted a press release Monarques Gold Produces 4,417 Ounces of Gold and Generates $11.4 million in Revenue in its Second Quarter in MONARQUES GOLD CORPORATION

 







  • Production activities at the Beaufor Mine extended until April 2019, taking place in known stopes with a smaller workforce

  • Sustained positive contribution of custom milling at the Camflo mill

  • During the quarter, successfully completed a positive feasibility study on its Wasamac deposit (see feasibility study), which can be summarized as follows:


    • Projected annual average gold production of 142,000 ounces over 11 years

    • Pre-tax NPV of $522 million

    • Pre-tax IRR of 23.6%

    • Production cash costs of US$550 per ounce



 


MONTREAL, Jan. 23, 2019 /CNW/ - MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its production results and corporate highlights for the second quarter ended December 31, 2018. Amounts are in Canadian dollars unless otherwise indicated.



Emerging gold mining company in Abitibi (CNW Group/Monarques Gold Corporation)




READ ENTIRE NEWS RELEASE - CLICK HERE:


https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACC&qmodStoryID=6177422286896806  

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Media Relations posted an update in MONARQUES GOLD CORPORATION

5 months

Monarques Gold Corporation Opens Toronto Stock Exchange December 21, 2018

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5 months

8020 Admin posted a press release View from the C-Suite: Jean-Marc Lacoste, President and CEO, Monarques Gold Corp., tells his company's story. Filmed on December 21, 2018 in MONARQUES GOLD CORPORATION

TORONTO, Jan. 14, 2019 /CNW/ -




https://youtu.be/0QO0RR8cTos


The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange.  Videos provide insight into how company executives think in the current business environment.  To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html


About Monarques Gold Corp. (TSX: MQR)


Monarques Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.‍


About TMX Group (TSX: X)


TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.


SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2019/14/c1084.html

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Media Relations posted an update in MONARQUES GOLD CORPORATION

5 months

Jean-Marc Lacoste, President and CEO, Monarques Gold Corp.

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5 months

8020 Admin posted a press release Monarques Gold Corporation Opens the Market in MONARQUES GOLD CORPORATION

TORONTODec. 21, 2018 /CNW/Jean-Marc Lacoste, President and Chief Executive Officer, Monarques Gold Corporation (MQR), joined Rob Peterman, Vice-President, Global Business Development, Toronto Stock Exchange & TSX Venture Exchange, to open the market. Monarques Gold is an emerging gold mining company focused on pursuing growth through its portfolio of projects in the Abitibi mining camp in Quebec, Canada. Monarques Gold Corporation graduated and commenced trading on Toronto Stock Exchange on November 15, 2018.



Monarques Gold Corporation Opens the Market (CNW Group/TMX Group Limited)



SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2018/21/c5547.html

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5 months

8020 Admin posted a press release Monarques Consolidates its Position Around its Wasamac Property in MONARQUES GOLD CORPORATION


MONTREALDec. 18, 2018 /CNW/ - MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report that it has consolidated its position around its Wasamac property through an exchange of mineral claims with Globex Mining Enterprises Inc. ("Globex") (TSX: GMX).



The transaction has enabled Monarques to extend the eastern part of the Wasamac property by 16 additional claims and the western part of the property by an additional claim adjacent to the land acquired last summer, where the proposed mining facilities will be located, as indicated in the feasibility study issued on December 3, 2018 (see the feasibility study). The transaction also extends the Corporation's McKenzie Break property by adding a claim adjacent to that property and includes an agreement to store the old Wasamac drill core on Globex's Francoeur property for a period of two years.



In return, Globex receives 63 Monarques mining claims acquired during the transaction with Richmont Mines.


"This transaction will make the Wasamac project even more attractive to a potential partner," said Jean-Marc Lacoste, President and CEO of Monarques. "In fact, Wasamac has been attracting considerable interest since the feasibility study was filed."


Finally, the Corporation has received a letter from Quebec's Ministry of Energy and Natural Resources confirming the official status of the three mining concessions on the Wasamac property.


ABOUT MONARQUES GOLD CORPORATION


Monarques Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques' actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


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SOURCE Monarques Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2018/18/c3492.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com , www.monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com , www.monarquesgold.com 

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Monarques Gold Corporation

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Monarques Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada.

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4 hours

8020 Admin posted a press release Monarch Gold sells 2% NSR royalty on the Chimo Mine property to Cartier Resources in MONARQUES GOLD CORPORATION


MONTREAL, June 19, 2019 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that its wholly-owned subsidiary Louvem Mines Inc. ("Louvem") has sold a 2% net smelter return ("NSR") royalty on certain claims of the Chimo Mine property to Cartier Resources Inc. ("Cartier") (TSXV: ECR) in consideration of a cash payment of $350,000. Monarch acquired Louvem as part of the acquisition of Richmont Mines' Quebec assets in October 2017.



"This transaction allows us to monetize an asset that did not fit with our core business," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The funds will be allocated to the development of our priority projects in Abitibi. Furthermore, we retain a portfolio of NSR royalties ranging from 0.50% to 2.50% on the Chalice Gold Mines property, which surrounds the Chimo Mine property."



ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


www.monarquesgold.com


View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-sells-2-nsr-royalty-on-the-chimo-mine-property-to-cartier-resources-300870878.html


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/19/c1221.html



Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com

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8020 Admin posted a press release Monarch Gold Announces the Signature of Binding Letters of Intent for the Acquisition of the Fayolle Gold Deposit in MONARQUES GOLD CORPORATION





High-grade gold deposit with an historical estimate of 548,500 tonnes grading 5.75 g/t Au

MONTREAL, June 18, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the signature of binding letters of intent for the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec Inc., formerly known as Aurizon Mines Ltd. ("Hecla") (NYSE: HL) and Typhoon Exploration Inc. ("Typhoon") (TSXV: TYP).



The Fayolle property consists of 39 mineral claims covering an area of 1,373 hectares (14 km2) in Aiguebelle and Cléricy townships, approximately 35 km northeast of Rouyn-Noranda, Quebec. The Fayolle deposit contains an historical estimate of 548,500 tonnes grading 5.75 g/t Au for a total of 101,326 ounces of gold (Source: Technical report and preliminary economic assessment for the Fayolle property (compliant with Regulation 43-101 and Form 43-101F1) dated March 28, 2013, prepared by InnovExplo). A Monarch qualified person has not performed sufficient work to classify these historical estimates as current mineral resources as defined by NI 43-101, and the Corporation therefore does not consider them as current mineral resources. Although the historical estimates may not be reliable, the Corporation nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program. In order for the historical estimates to become current resources, the Corporation must carry out new drilling on the property, and issue a new mineral resource estimate pursuant to NI 43-101.



Under the terms of the binding letters of intent, (i) in consideration of Hecla's 50% interest, Monarch will issue 12 million shares of the Corporation at an agreed price of $0.25 per share; and (ii) in consideration of Typhoon's 50% interest, Monarch will pay $1.15 million, of which $500,000 at closing, $500,000 five months after closing and the $150,000 balance 12 months after closing, and issue 3.4 million shares of the Corporation at an agreed price of $0.25 per share. The shares issued to Typhoon will be held in escrow for a period of 24 months and released as to one-third after 8, 16 and 24 months.


The binding letters of intent will be replaced by final purchase agreements, which Monarch and each of Hecla and Typhoon intend to sign towards the end of summer 2019.


"These transactions are aligned with our long-term plan to acquire undervalued assets with a view to developing their full value," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The Fayolle project is a large property with high-grade resources, mostly delineated near the surface, and offering excellent exploration potential. Fayolle has been drilled over 60,000 metres and has $8.5 million in work credits. In addition, the project is conveniently located at a reasonable distance from our Camflo mill. In the current gold market, we remain on the look-out for acquisition opportunities such as this one and the recently completed Unigold share acquisition (see press release dated May 9, 2019) to enhance the quality of our portfolio of mining assets."



Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=MQR%3ACA&qmodStoryID=8443025914411692 

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8020 Admin posted a press release Monarch Gold Receives the 2018 F. J. O'Connell Trophy for the Beaufor Mine in MONARQUES GOLD CORPORATION


This prestigious trophy is awarded to mining producers with an exemplary accident prevention record

MONTREAL, June 10, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has been awarded the 2018 F. J. O'Connell trophy in the "Underground Operations - Less than 400,000 hours worked" category for the Beaufor mine by the Québec Mining Association at its annual conference held on June 5 and 6, 2019, in Entourage sur-le-lac, Lac Beauport, in the Quebec City area.



The F. J. O'Connell trophy is awarded annually in recognition of its members' efforts during the year in accident prevention. The criteria for the award of the trophy take into account improvements in a company's safety record and its record compared to the average for all members of the Québec Mining Association.



Accident frequency rates are calculated on the basis of 200,000 labour hours, equivalent to the time worked by 100 workers over a one-year period, taking into account lost-time accidents and accidents with modified work assignments.


"We are extremely proud to have won this prestigious mining industry award, as it recognizes the efforts made and measures taken by the management team and employees to prevent accidents," said Marc-André Lavergne, Vice President, Operations and Community Relations at Monarch. "This record is all the more impressive because it was achieved in a difficult context, as we prepared to put the mine on care and maintenance. I would like to thank all the Beaufor mine employees for their strong contribution." 


"Monarch considers health and safety as a top priority in its current and future activities. When we took over the Beaufor mine in October 2017, prevention continued to be a priority, enabling us to significantly improve our health and safety performance over the past two years. This trophy is the result of the hard work of our entire team and demonstrates the seriousness of our approach as mine operators," added Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. 


The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation's qualified person under National Instrument 43-101.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


 

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SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2019/10/c0868.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com ; Marc-André Lavergne, Vice President, Operations and Community Relations, 1-888-994-4465, ma.lavergne@monarquesgold.com ; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com , www.monarquesgold.com 

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8020 Admin

1 month

8020 Admin posted a press release Monarch Gold Reports its Third Quarter Results in MONARQUES GOLD CORPORATION

Strong contribution from custom milling operations

MONTREAL, May 10, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) reported its results today for the third quarter ended March 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=6222405957451707 

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1 month

8020 Admin posted a press release Monarch Gold Acquires 14.2% of Unigold in MONARQUES GOLD CORPORATION







  • The Corporation has acquired a block of 6.5 million shares of Unigold (TSXV: UGD), a gold exploration company, which operates in the Dominican Republic.



  • Unigold's main asset is the Neita concession, which hosts a deposit of over 2 million ounces of gold (inferred resource of 39.5 million tonnes at 1.59 g/t Au).



  • The other major shareholders of Unigold are Osisko Gold Royalties Ltd. (14.7%) and Evanachan Limited (7.3%), a company owned by Robert R. McEwen.



  • As consideration, Monarch issued 3.25 million shares of its share capital, which will be escrowed for 24 months.



MONTREAL, May 9, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has acquired from an investor a block of 6.5 million shares (the "Shares") of Unigold Inc. ("Unigold") (TSXV: UGD) at an agreed price of $0.115 per Share for a total amount evaluated at $747,500 payable by the issuance of 3.25 million shares of the Corporation at an agreed price of $0.23 per common share of the Corporation. The shares issued by Monarch will be escrowed for a 24-month period.



Read more here:  https://www.quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=5923756125546387 

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2 months

8020 Admin posted a press release Monarch Gold Produces 1,328 Ounces of Gold and Generates $5.2 Million in Revenue in its Third Quarter in MONARQUES GOLD CORPORATION






  • Custom milling operations at the Camflo mill contribute strongly to revenues


  • Production at the Beaufor mine declines due to a lower production rate


  • The Wasamac gold project continues to draw considerable interest from potential partners


  • The Corporation completed a positive feasibility study on its Wasamac deposit during the second quarter (see feasibility study), with the following results:


    • Forecast average production: 142,000 ounces of gold over 11 years

    • Pre-tax NPV: $522 million

    • Pre-tax IRR: 23.6%

    • Cash cost: US $550 per ounce



 


MONTREAL, May 1, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its production and corporate highlights for the third quarter ended March 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.



Production highlights




  • Monarch produced 1,328 ounces of gold in the third quarter, down 70% from the second quarter and 73% from 4,932 ounces produced last year. The decrease was attributable to a cut in the production rate and number of employees at the Beaufor mine in January 2019.


  • The Corporation recorded revenues of $5.2 million in the third quarter from the sale of 1,427 ounces of gold at an average price of $1,737 per ounce (US $1,307) plus custom milling revenue, which was down 6.2% from the second quarter due to a planned shutdown at the Camflo mill for maintenance work, but  up 35.5% year over year.


 


"Our custom milling operations at the Camflo mill continue to perform well despite the lower tonnage from the Beaufor mine," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The Beaufor mine is currently operating at a reduced average rate of 7,000 tonnes per month with about 50 employees, and we are reassessing the mine's operations on a monthly basis."


"Our promising projects are unquestionably the Wasamac, Croinor Gold and McKenzie Break advanced gold projects. The Wasamac project continues to draw considerable interest from the mining and financial community, as evidenced by the increased virtual room traffic. We have also had preliminary discussions with a number of parties and will continue to work with them in the coming weeks. Meanwhile, Croinor Gold and McKenzie Break generated excellent drill results in 2018, which increased the gold potential of these projects."



Read more here:  https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACA&qmodStoryID=6718375475841105 

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8020 Admin

2 months

8020 Admin posted a press release Monarch Gold Completes Second and Final Tranche of Private Placement in MONARQUES GOLD CORPORATION


/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, April 26, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTC-PINK: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has closed a second and final tranche of a non‐brokered private placement (the "Offering") for total gross proceeds of $2 million. This second tranche resulted in the issuance of an aggregate of 2,424,242 flow‐through shares (the "FT Shares") at a price of $0.33 per FT Share, for gross proceeds of $800,000.



The aggregate gross proceeds of the Offering will be used by the Corporation to incur exploration expenses on its mining properties located in the province of Québec.



All securities issued pursuant to this Offering are subject to a restricted period of four months and a day, ending on August 27, 2019, under applicable Canadian securities legislation.


This press release does not constitute an offer of securities for sale in the United States or to "U.S. persons" ("U.S. persons"), as such term is defined in Regulation S promulgated under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


www.monarquesgold.com


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2019/26/c7995.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com ; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com 

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8020 Admin

3 months

8020 Admin posted a press release Monarch Gold Sells Pandora Royalty in MONARQUES GOLD CORPORATION

MONTREAL, March 29, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report that it has sold a 0.5% Net Smelter Return (NSR) royalty on the Pandora property (the "Pandora royalty") to Agnico Eagle Mines Limited.  The Pandora royalty was part of the assets that Monarch acquired from Richmont Mines in October 2017. In return for the Pandora royalty, Monarch's payments for the McKenzie Break and Swanson properties will be reduced by $800,000, as follows:


Read more here:   https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=4614387157976573 

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8020 Admin

3 months

8020 Admin posted a press release Monarch Gold Intersects 12.60 g/t Au over 1.35 metres, including 55.90 g/t Au over 0.3 metres, at its Mckenzie Break Gold Project in MONARQUES GOLD CORPORATION





  • 2018 drilling program a total success, expanding the size of the McKenzie Break deposit and confirming its high-grade potential.

  • Visible gold found in 17 of the 61 holes, including hole MK-18-196, which intersected 265.00 g/t Au over 0.6 metres, and hole MK-18-216 with 93.80 g/t Au over 0.5 metres

  • Highlights of the third and last set of results for the 13,945-metre 2018 diamond drilling program:


    • Hole MK-18-236: 12.60 g/t Au over 1.35 metres, incl. 55.90 g/t Au over 0.3 metres, and 13.40 g/t Au over 2.0 metres, incl. 26.40 g/t Au over 1.0 metre

    • Hole MK-18-231: 15.74 g/t Au over 1.5 metres

    • Hole MK-18-222: 13.95 g/t Au over 1.0 metre

    • Hole MK-18-232: 6.84 g/t Au over 2.0 metres, incl. 13.65 g/t Au over 1.0 metre



MONTREAL, March 20, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third and last set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the last 20 holes totalling 5,052 metres of core (see table below and press releases dated February 28, 2019  and March 13, 2019 for a compilation of the 2018 assay results).


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACC&qmodStoryID=8841965238726225 

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8020 Admin

3 months

8020 Admin posted a press release Monarch Gold Intersects 24.40 g/t Au Over 2.0 Metres, Including 93.80 g/t Au Over 0.5 Metres, at its McKenzie Break Gold Project in MONARQUES GOLD CORPORATION

MONTREAL, March 13, 2019  /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the second set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received from an additional 20 holes totalling 4,469 metres of core (see table below and press release dated February 28, 2019 for a compilation of the 2018 assay results).


Read more here: https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACA&qmodStoryID=6289858615122282 

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8020 Admin

4 months

8020 Admin posted a press release Monarch Gold Intersects 61.20 g/t Au Over 2.6 Metres, Including 265.00 g/t Au Over 0.6 Metres, at its McKenzie Break Gold Project in MONARQUES GOLD CORPORATION

MONTREAL, Feb. 28, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the first assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project 25 kilometres north of Val-d'Or, near Monarchs' Camflo and Beacon mills. The program started in September 2018 and ended in December 2018, with a total of 13,945 metres drilled in 61 holes. The purpose of the program was to explore below the known lenses and on the periphery of the multi-vein Green and Orange zones. Assays have been received for the first 21 holes totalling 4,424 metres of core (see table below for assay results).


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=4526506629685863 

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8020 Admin

4 months

8020 Admin posted a press release /C O R R E C T I O N from Source -- Corporation Aurifère Monarques/ in MONARQUES GOLD CORPORATION





In the news release, Monarch Gold Announces Its Second Quarter Results, issued 14-Feb-2019 by Corporation Aurifère Monarques over CNW, we are advised by the company that both the sub headline and second bullet under the Highlights section should read "earnings" rather than "income". Also, in the table titled "Summary of financial results", "Net loss" and "loss" should instead read "Net earnings and comprehensive income" and "Net earnings". Both were originally issued inadvertently. The complete, corrected release follows:


Monarch Gold Announces Its Second Quarter Results

Strong performance with net earnings of $2.2 million

MONTREAL, Feb. 14, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) reported its results today for the second quarter ended December 31, 2018. Amounts are in Canadian dollars unless otherwise indicated.



 


Read more:  https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACC&qmodStoryID=8303932341020038 

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8020 Admin

4 months

8020 Admin posted a press release Monarch Gold resumes drilling on Croinor Gold property in MONARQUES GOLD CORPORATION


1,750-metre program aimed at drilling high potential targets

MONTREAL, Feb. 15, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the resumption of diamond drilling at its wholly owned Croinor Gold property, 50 kilometres east of Val-d'Or, Québec. Before being suspended due to the winter freeze, the 2018 diamond drill program enabled Monarch to extend the limits of the deposit, returning numerous intersections with high grade gold values over good widths, such as 18.40 g/t Au over 1.6 metres,  8.24 g/t Au over 9.0 metres, 43.25 g/t Au over 2.1 metres, 74.23 g/t Au over 2.0 metres and 17.26 g/t Au over 1.95 metres (see press releases dated July 10, 2018, September 5, 2018, October 4, 2018, January 15, 2019 and February 4, 2019 for a compilation of the 2018 drill results). The deposit remains open along strike and at depth.



 



The purpose of the 1,750-metre drilling program that will start in February 2019 is:



  • To finish the 2018 drilling program.

  • To drill high potential targets on the Croinor Gold property.


 


"Exploration to date on Croinor Gold has demonstrated the strong potential for increasing the size of the Croinor Gold deposit and finding new zones on the property," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "This greenfield drilling program on high potential targets is further proof of Monarch Gold's confidence in finding more gold on its 151 km2 property."


The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation's qualified person under National Instrument 43-101.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.)


Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-resumes-drilling-on-croinor-gold-property-300796392.html


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/15/c0795.html

Jean-Marc Lacoste, 1-888-994-4465, President and Chief Executive Officer, jm.lacoste@monarquesgold.com; Mathieu Séguin, 1-888-994-4465, Vice President, Corporate Development, m.seguin@monarquesgold.com; Elisabeth Tremblay, 1-888-994-4465, Senior Geologist - Communications Specialist, e.tremblay@monarquesgold.com, www.monarquesgold.com

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8020 Admin

4 months

8020 Admin posted a press release Monarch Gold Names Mathieu Séguin as Vice President Corporate Development in MONARQUES GOLD CORPORATION


Mr. Séguin brings vast knowledge and expertise in mining company financing and mergers and acquisitions

MONTREAL, Feb. 7, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the appointment of Mathieu Séguin, CFA, as Vice President, Corporate Development.



Mathieu Séguin has been an investment banker since 2002, with a focus on small and mid-capitalization issuers. During his career, he has advised clients on a broad range of transactions across various sectors, including mining, industrial and technology. Prior to joining Monarch, Mathieu was Director, Investment Banking at Laurentian Bank Securities, where he advised companies on all aspects of corporate finance, from equity and debt financings to mergers and acquisitions, from 2016 to 2018. From 2009 to 2016, he was Vice President, Investment Banking for Industrial Alliance Securities, where he mainly covered mining companies and Quebec-based corporate issuers. Mathieu also served as Vice President with the Strategic Capital Group of Desjardins Securities from 2005 to 2009, raising capital and providing mergers and acquisitions advisory services to small and mid-capitalization issuers. Mathieu has a Bachelor of Business Administration from HEC Montréal and is a Chartered Financial Analyst.



"We are very pleased that Mathieu has agreed to join Monarch at this stage in our development, when we are looking at financing and partnering our Wasamac flagship gold project," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "His extensive knowledge of complex financial structures and products within the debt and equity capital markets will be very valuable for us, as will his vast network within the financial and mining communities. Mathieu will take a lead role in raising Monarch's profile with the investment community, identifying and assessing new growth opportunities and structuring the best deal possible to unlock Wasamac's value for our shareholders."


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


www.monarquesgold.com


 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-names-mathieu-seguin-as-vice-president-corporate-development-300791631.html


SOURCE Monarch Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2019/07/c2511.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com ; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, m.seguin@monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com 

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8020 Admin

5 months

8020 Admin posted a press release Monarch Gold Intersects 17.26 g/t Au Over 1.95 Metres, Including 50.10 g/t Au Over 0.6 Metres, at its Croinor Gold Project in MONARQUES GOLD CORPORATION

MONTREAL, Feb. 4, 2019 /CNW/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the last assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project, 50 kilometres east of Val-d'Or, Québec.


Read More:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=7339468665240402 

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8020 Admin

5 months

8020 Admin posted a press release Monarques Gold Produces 4,417 Ounces of Gold and Generates $11.4 million in Revenue in its Second Quarter in MONARQUES GOLD CORPORATION

 







  • Production activities at the Beaufor Mine extended until April 2019, taking place in known stopes with a smaller workforce

  • Sustained positive contribution of custom milling at the Camflo mill

  • During the quarter, successfully completed a positive feasibility study on its Wasamac deposit (see feasibility study), which can be summarized as follows:


    • Projected annual average gold production of 142,000 ounces over 11 years

    • Pre-tax NPV of $522 million

    • Pre-tax IRR of 23.6%

    • Production cash costs of US$550 per ounce



 


MONTREAL, Jan. 23, 2019 /CNW/ - MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its production results and corporate highlights for the second quarter ended December 31, 2018. Amounts are in Canadian dollars unless otherwise indicated.



Emerging gold mining company in Abitibi (CNW Group/Monarques Gold Corporation)




READ ENTIRE NEWS RELEASE - CLICK HERE:


https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACC&qmodStoryID=6177422286896806  

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Media Relations posted an update in MONARQUES GOLD CORPORATION

5 months

Monarques Gold Corporation Opens Toronto Stock Exchange December 21, 2018

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8020 Admin

5 months

8020 Admin posted a press release View from the C-Suite: Jean-Marc Lacoste, President and CEO, Monarques Gold Corp., tells his company's story. Filmed on December 21, 2018 in MONARQUES GOLD CORPORATION

TORONTO, Jan. 14, 2019 /CNW/ -




https://youtu.be/0QO0RR8cTos


The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange.  Videos provide insight into how company executives think in the current business environment.  To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html


About Monarques Gold Corp. (TSX: MQR)


Monarques Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.‍


About TMX Group (TSX: X)


TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.


SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2019/14/c1084.html

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Media Relations posted an update in MONARQUES GOLD CORPORATION

5 months

Jean-Marc Lacoste, President and CEO, Monarques Gold Corp.

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8020 Admin

5 months

8020 Admin posted a press release Monarques Gold Corporation Opens the Market in MONARQUES GOLD CORPORATION

TORONTODec. 21, 2018 /CNW/Jean-Marc Lacoste, President and Chief Executive Officer, Monarques Gold Corporation (MQR), joined Rob Peterman, Vice-President, Global Business Development, Toronto Stock Exchange & TSX Venture Exchange, to open the market. Monarques Gold is an emerging gold mining company focused on pursuing growth through its portfolio of projects in the Abitibi mining camp in Quebec, Canada. Monarques Gold Corporation graduated and commenced trading on Toronto Stock Exchange on November 15, 2018.



Monarques Gold Corporation Opens the Market (CNW Group/TMX Group Limited)



SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2018/21/c5547.html

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8020 Admin

5 months

8020 Admin posted a press release Monarques Consolidates its Position Around its Wasamac Property in MONARQUES GOLD CORPORATION


MONTREALDec. 18, 2018 /CNW/ - MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report that it has consolidated its position around its Wasamac property through an exchange of mineral claims with Globex Mining Enterprises Inc. ("Globex") (TSX: GMX).



The transaction has enabled Monarques to extend the eastern part of the Wasamac property by 16 additional claims and the western part of the property by an additional claim adjacent to the land acquired last summer, where the proposed mining facilities will be located, as indicated in the feasibility study issued on December 3, 2018 (see the feasibility study). The transaction also extends the Corporation's McKenzie Break property by adding a claim adjacent to that property and includes an agreement to store the old Wasamac drill core on Globex's Francoeur property for a period of two years.



In return, Globex receives 63 Monarques mining claims acquired during the transaction with Richmont Mines.


"This transaction will make the Wasamac project even more attractive to a potential partner," said Jean-Marc Lacoste, President and CEO of Monarques. "In fact, Wasamac has been attracting considerable interest since the feasibility study was filed."


Finally, the Corporation has received a letter from Quebec's Ministry of Energy and Natural Resources confirming the official status of the three mining concessions on the Wasamac property.


ABOUT MONARQUES GOLD CORPORATION


Monarques Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.


Forward-Looking Statements


The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques' actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.


CisionView original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-consolidates-its-position-around-its-wasamac-property-300767440.html


SOURCE Monarques Gold Corporation


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2018/18/c3492.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, jm.lacoste@monarquesgold.com , www.monarquesgold.com ; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, e.tremblay@monarquesgold.com , www.monarquesgold.com 

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