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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8020 Admin

5 hours ago

8020 Admin posted a press release Monarch Gold Increases the Size of McKenzie Break by Acquiring 124 New Mineral Claims in MONARQUES GOLD CORPORATION







  • Following the 32.30 g/t Au over 7.1 metres (23.3 feet) result recently announced (see press release dated February 26, 2020), it was imperative for Monarch Gold to secure the claims around the property.



  • McKenzie Break now consists of 134 mineral claims covering a total area of 51 km2 or 20 square miles (see the latest properties map).



  • The McKenzie Break property and its gold mineralization are associated with a favourable intrusion along a southeast-trending secondary structure off the Mainville East fault, a possible extension of the Destor Porcupine Fault.



MONTREAL, Feb. 27, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report that it has acquired 91 mineral claims surrounding the McKenzie Break property (the "Property") from a group of private companies and prospectors (the "Vendors"). In addition, the Corporation has acquired 33 mineral claims by staking. In all, the McKenzie Break property now consists of 134 mineral claims covering a total area of 5,106.9 ha (51 km2). The newly defined property boundaries cover an area approximately 14 times the size of the original property and encompass virtually all of the favourable intrusion containing the gold mineralization.



Logo: Monarch Gold Corporation (CNW Group/Monarch Gold Corporation)



"It was important for us to secure these additional claims around McKenzie Break, especially in light of the excellent results obtained since the property was acquired and particularly from the last drilling program," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The drill results to date indicate that the McKenzie Break property has excellent exploration potential in all directions and at depth."


Here below are two tables that each show the top 10 intercepts from the McKenzie Break drilling programs since Monarch acquired the property in December 2017, and from drilling programs before acquiring the property based on metal factor (grade times length), which show the extent of the high-grade potential on this property.



Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACC&qmodStoryID=5203606414523193 

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8020 Admin

1 day ago

8020 Admin posted a press release Monarch Gold intersects 32.30 g/t Au over 7.1 metres (23.3 feet) in new mineralized zone at McKenzie Break in MONARQUES GOLD CORPORATION







  • High-grade results from the hole MK-18-205 extension confirm the presence of a new mineralized zone below and to the east of the current resource.



  • Highlights from the third set of results for 1,462 metres of drilling in three diamond drill holes and two extension holes:




    • MK-18-205ext: 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 metres, 26.97 g/t Au over 1.3 metres and 24.60 g/t Au over 0.7 metres.



    • MK-19-249: 5.28 g/t Au over 13.7 metres, including 58.17 g/t Au over 0.6 metres and 21.04 g/t Au over 0.8 metres.



    • MK-19-250: 10.50 g/t Au over 11.0 metres, including 156.00 g/t Au over 0.6 metres and 13.15 g/t Au over 1.0 metre.



    • MK-19-251: 7.04 g/t Au over 6.0 metres, including 25.92 g/t Au over 1.0 metre.



    • These zones remain open to the south and east and at depth.




MONTREAL, Feb. 26, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third set of assay results from the 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The fall 2019 drilling program consisted of 10 holes and two hole extensions totalling 4,202 metres, designed to follow up on the positive results from the 2018 drilling program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). The assay results reported today are for the last three holes and two hole extensions totalling 1,462 metres in the south part of the property (see plan view map of best drilling results).



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



"These are truly the best results we have encountered so far on McKenzie Break, with the discovery of a new high-grade mineralized horizon to the east and below the current resource," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch Gold. "This drilling has shown excellent continuity of the mineralization between holes drilled on 50-metre centres and a significant thickening of the mineralization towards the east and south. Based on these results, we intend to drill four additional holes at 50-metre spacings to continue testing the extension of this zone of high-grade mineralization. This 1,600-metre drilling program is scheduled to commence at the end of Q1."


Summary of drill results


Monarch's MK-18-205 hole drilled in 2018 had returned 20.12 g/t Au over 2.6 metres near the bottom of the hole. Given the assay results for this hole and the recently drilled holes around it, the hole was extended in 2019. The hole extension MK-18-205ext continued to intersect mineralization at depth, returning 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 metres, 26.97 g/t Au over 1.3 metres and 24.60 g/t Au over 0.7 metres. This high-grade intersection, one of the best on the property to date, confirms the existence of a new mineralized zone below and to the east of the current resource (see Figure 1).


Hole MK-19-249 was drilled 50 metres east of hole MK-19-241 and 70 metres southeast of the above-mentioned hole MK-18-205ext. It returned 5.28 g/t Au over 13.7 metres, including 58.17 g/t Au over 0.6 metres and 21.04 g/t Au over 0.8 metres (see Figure 2).


Hole MK-19-250, drilled 110 metres southwest of MK-18-205, returned 10.50 g/t Au over 11.0 metres, including 156.00 g/t Au over 0.6 metres. This high-grade intersection is located in a similar stratigraphy to MK-18-205ext, below and to the east of the current resource (see Figure 3).


Hole MK-19-251 was drilled 50 metres west of MK-19-241 and 80 metres southwest of MK-18-205. It returned 7.04 g/t Au over 6.0 metres, including 25.92 g/t Au over 1.0 metre, confirming the extension of the mineralization westward (see Figure 2).


The extension of hole MK-18-199, located much further to the southwest, showed a broad zone of mineralization grading 1.47 g/t Au over 14.5 metres, at a depth of approximately 300 metres (see Figure 4).


Third and final set of drill results for the McKenzie Break property:



Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=5370962048917509 

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8020 Admin

3 days ago

8020 Admin posted a press release Monarch Gold Completes Private Placement in MONARQUES GOLD CORPORATION


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

MONTREAL, Feb. 24, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has closed a non‐brokered private placement (the "Offering") of an aggregate of 4,000,000 flow‐through shares (the "FT Shares") at a price of $0.25 per FT Share, for aggregate gross proceeds of $1,000,000.



Logo: Monarch Gold Corporation, Emerging gold mining company in Abitibi (CNW Group/Monarch Gold Corporation)



"We are pleased to have completed this private placement, which will be primarily used to fund our upcoming exploration programs," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch.


All securities issued pursuant to this Offering are subject to a restricted period of four months and a day, ending on June 25, 2020, 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 becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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/February2020/24/c8455.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 

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8020 Admin

15 days ago

8020 Admin posted a press release Monarch Gold Reports its Second Quarter Results for Fiscal 2020 in MONARQUES GOLD CORPORATION

MONTREAL, Feb. 12, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) reported its results today for the second quarter ended December 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACC&qmodStoryID=5485777462073870 

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8020 Admin

21 days ago

8020 Admin posted a press release Monarch Gold Intersects 7.96 G/T Au Over 3.5 Metres at Mckenzie Break, Including 18.45 G/T Au Over 0.7 Metres in MONARQUES GOLD CORPORATION



  • Program encounters more high-grade intersections at depth and to the north and east, with visible gold found in two of the three holes drilled.



  • Best results from the second set of holes from the 10-hole program:



    • Hole MK-19-246: 17.47 g/t Au over 0.8 metres and 7.98 g/t Au over 0.5 metres



    • Hole MK-19-247: 7.01 g/t Au over 2.0 metres, including 19.74 g/t Au over 0.7 metres



    • Hole MK-19-247: 15.47 g/t Au over 0.7 metres



    • Hole MK-19-248: 7.96 g/t Au over 3.5 metres, including 18.45 g/t Au over 0.7 metres



    • Hole MK-19-248: 14.23 g/t Au over 1.0 metre.





MONTREAL, QUEBEC / ACCESSWIRE / February 6, 2020 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR) (OTC PINK:MRQRF) (FRANKFURT:MR7) is pleased to report the second set of assay results from the 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The 2019 drilling program, which took place in the fall, consisted of ten holes and two hole extensions designed to follow up on the positive results from the 2018 program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). The assay results reported here are for three holes totalling 992 metres drilled in the northern section of the property (see Figure 1).


Hole MK-19-246 returned grades of 17.47 g/t Au over 0.8 metres and 7.98 g/t Au over 0.5 metres in two intervals 12.5 metres apart (see Figure 2). This hole is the farthest one to the north and west of the three holes drilled in the northern sector. MK-19-246 lies 100 metres from hole MK-18-231 drilled in 2018, which returned 17.45 g/t Au over 1.5 metres, and 75 metres from hole MK-18-234, which returned 17.30 g/t Au over 0.8 metres.


One hundred metres southeast of hole MK-19-246 is hole MK-19-247, which returned 7.01 g/t Au over 2.0 metres, including 19.74 g/t Au over 0.7 metres (see Figure 3). Combined with the result of hole MK-19-246, this result confirms the continuity and dip of the quartz veins to the east. Below this quartz vein, hole MK-19-247 intersected multiple other quartz veins (see table below), indicating that the mineralization is still open at depth.


Hole MK-19-248, located 100 metres southeast of hole MK-19-247, returned an impressive intersection of 7.96 g/t Au over 3.5 metres, including 18.45 g/t Au over 0.7 metres (see Figure 4). Additional significant gold intersections for this hole are listed in the table below. MK-19-248 is 50 metres from hole MK-18-235, which returned 10.60 g/t Au over 0.75 metres in 2018.


"McKenzie Break continues to deliver excellent results with each drilling program," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch Gold. "The first four holes drilled in the southern sector extended the new gold-rich lens found at depth (see press release dated January 8, 2020), while these three new holes drilled in the northern sector extend the mineralization to the east. Furthermore, coupled with the holes drilled in 2018, these holes confirm the continuity of the gold-bearing quartz veins to the east and south of the planned constrained pit on the McKenzie Break property, which could lead to an increase in the resource. We are now looking forward to seeing the results for the three last holes and two holes extensions, which tested the area around hole MK-19-241."


Second set of drill results for the McKenzie Break property:


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=7781876659145693 

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8020 Admin

1 month ago

8020 Admin posted a press release Monarch Gold Generates Second Quarter Revenue Of $2.5 Million in MONARQUES GOLD CORPORATION

The Corporation remained very active in the second quarter and expects 2020 to be very positive
with regard to the development and exploration of its gold projects

MONTREAL, Jan. 28, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its preliminary financial results and highlights for the second quarter ended December 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.



Logo: Monarch Gold Corporation (CNW Group/Monarch Gold Corporation)



Financial highlights



  • Monarch recovered a total of 2,606 ounces of gold from the cleaning of its Camflo mill.

  • The Corporation posted second quarter revenues of $2.5 million mainly from the sale of 1,383 ounces of gold at an average price of $1,771 (US $1,346) per ounce.

  • As at December 31, 2019, the Corporation had $5.1 million in cash, $3.6 million in short-term investments and 500 ounces of gold in inventory.

  • Monarch currently has a combined measured and indicated resource of 3.2 million ounces of gold with an inferred resource of 1.1 million ounces, including proven and probable reserves of 1.8 million ounces of gold for the Wasamac deposit (see table at the end of the release).


"We were very active in the second quarter with the filing of the project notice to initiate the provincial environmental assessment process for the Wasamac project, which usually lasts 18 to 24 months," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "We also pursued our discussions with potential partners for the Wasamac project, completed the clean-up of the Camflo mill, continued to develop our advanced McKenzie Break and Fayolle gold projects and closed the sale of the Simkar property to O3 Mining during the quarter, as well as strengthening our Board of Directors with the appointment of Laurie Gaborit. In the coming quarters our focus will remain on our flagship Wasamac project, and we will also pursue the development of our other advanced projects through investments, partnerships and other types of transactions, with the overall goal of getting the most out of our high-quality, high-potential mining assets in the current gold bull market."


Corporate highlights


High level of activity at Wasamac


On November 20, 2019, the Corporation filed a project notice with Quebec's Ministry of the Environment and the Fight Against Climate Change (MELCC) for its Wasamac gold project The project notice is the first step in the mining permit application process, which generally takes 18 to 24 months (see press release dated November 20, 2019).


In addition, the Government of Quebec has selected Wasamac to serve as a pilot project for the assessment and optimization of administrative delays in the processing of permit applications by the various ministries. The pilot project also aims to support mining projects in the development of best environmental practices.


On November 27, 2019, the Corporation acquired 24 claims on the west side of the Wasamac property. While the main purpose of the transaction was to secure a site for the future Wasamac mine infrastructure, the new claims also have good exploration potential, as the fault hosting the Wasamac deposit appears to extend onto the property (see press release dated November 27, 2019).


Finally, the Corporation is in discussions with several potential partners, both producing companies and financial groups, to advance the Wasamac project through the permitting, development and production phases. It should be noted that this major gold project also has excellent exploration potential along strike and at depth (see figure 1 and figure 2).


Strengthening of the Board of Directors with the appointment of Laurie Gaborit


Last October, we announced the appointment of Laurie Gaborit to the Corporation's Board of Directors. Laurie has over 20 years of experience in investor relations and corporate communications, her most recent position being that of Vice President, Investor Relations, with Detour Gold Corporation. As a key member of Detour Gold's management team, she participated in the company's initial public offering in 2007 and its transformation from exploration company to intermediate gold producer within a seven-year period, during which time Detour Gold's market capitalization increased from $120 million to over $3 billion. In addition to her skills, her in-depth knowledge of the financial markets will be of great value to the board as Monarch pursues the development of its gold projects in Quebec (see press release dated October 29, 2019).


Excellent drill results at McKenzie Break


The 2019 drill results received to date continue to meet our high expectations for McKenzie Break and support our assumption that this high-grade lens remains open to the east, west, south and at depth. The best results for the four holes of the first phase of the program were from hole MK-19-241, which intersected significant gold mineralization, including 26.78 g/t Au over 2.1 metres, and hole MK-19-242, which intersected 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres (see press release dated January 8, 2020, for full results). The results for phases 2 and 3 of the program, consisting of 7 additional holes and 2 hole extensions, are expected in the coming weeks.


New resource estimate for the Fayolle deposit


On October 22, 2019, a 43-101 mineral resource estimate technical report was filed on SEDAR for the Fayolle deposit, acquired in August 2019. The report shows a new pit-constrained indicated resource of 405,600 tonnes at an average grade of 5.42 g/t Au, for a total of 70,630 ounces of gold, and an underground indicated resource of 300,800 tonnes at an average grade of 4.17 g/t Au, for a total of 40,380 ounces (see press release dated September 10, 2019, for more details regarding the resource estimate). The Corporation intends to continue developing Fayolle with the aim of increasing the resource.


Sale of the Simkar property to O3 Mining


On December 13, 2019, we closed the sale of the Simkar property to O3 Mining Inc. in a combined cash, share and warrant transaction valued at over $1.5 million (see press release dated December 13, 2019). This transaction has upside potential as O3 Mining has announced over 50,000 metres of drilling on its Quebec properties in 2020. The proceeds from this transaction will eventually be used to further develop our advanced gold projects.


The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, 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 becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=6143079333327034 

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8020 Admin

1 month ago

8020 Admin posted a press release Monarch Gold Corporation Exhibiting at Booth 635, Vancouver Resource Investment Conference, Jan 19-20, 2020 in MONARQUES GOLD CORPORATION

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) - Monarch Gold Corporation (TSX: MQR) would like to cordially invite you to visit us at Booth #635 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2020.


The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.


Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.


Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.


For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.


We look forward to seeing you there.


For further information:


Monarch Gold Corporation
Elisabeth Tremblay
514-585-2906
e.tremblay@monarquesgold.com
www.monarquesgold.com

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8020 Admin

2 months ago

8020 Admin posted a press release Monarch Gold Intersects 26.78 g/t Au Over 2.10 Metres at McKenzie Break, Including 56.51 g/t Au Over 0.5 Metres in MONARQUES GOLD CORPORATION







  • Program encounters more high-grade intersections at depth, with visible gold found in two of the first four holes drilled.



  • Best results from the first four holes of the 10-hole program:




    • Hole MK-19-241: 26.78 g/t Au over 2.1 metres, including 56.51 g/t Au over 0.5 metres and 47.78 g/t Au over 0.5 metres



    • Hole MK-19-242: 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres, and 5.17 g/t Au over 3.0 metres, including 12.79 g/t Au over 1.0 metre.





MONTREAL, Jan. 8, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the assay results for the first four of ten holes drilled during the 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills.



The 2019 drilling program, which took place in the fall, initially consisted of seven holes designed to follow up on the positive results from the 2018 program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). Three new holes and two hole extensions were subsequently added in the light of the excellent results from holes MK-19-241 and MK-19-242.


The first portion of the program consisted of four holes drilled in the southern sector of the property to extend the new gold-rich lens intersected at depth by hole MK-18-205 during the 2018 drilling program (20.12 g/t Au over 2.6 metres) (see Figure 1). Holes MK-19-241, 242, 243 and 244 were collared 50 metres south, east, north and northwest of hole MK-18-205, respectively. MK-19-241 returned significant gold mineralization, including 26.78 g/t Au over 2.1 metres (see Figure 2); MK-19-242 intersected 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres (see Figure 3); MK-19-243, the northernmost hole drilled in the southern sector, returned low assays, with a best result of 0.96 g/t Au over 2.0 metres; and MK-19-244 returned broadly anomalous gold values over three intervals in the target area of 338.0 metres to 381.6 metres down the hole, confirming that the gold system is still present (see Figure 4). The full results for these first four holes are set out in the table below.


The significant assays, particularly for holes MK-19-241 and 242, confirmed the continuity of the lens intersected in hole MK-18-205, defining a broad gold-bearing vein that extends along strike and at depth. Given these excellent results, three additional holes were drilled 50 m to the east, west and south of hole MK-19-241, respectively. The assay results for the additional holes are still pending.


"The 2019 results received to date continue to confirm the high expectations we have for McKenzie Break and support our theory that this high-grade lens remains open to the east, west and south and at depth," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch Gold. "We are looking forward to seeing the results for the second portion of the program, which tested the potential of the high-grade lens more to the north and at depth, and of the three holes added to test the area around hole MK-19-241. We believe that the results from this program could increase the underground resource at McKenzie Break."



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8020 Admin

3 months ago

8020 Admin posted a press release Monarch Gold Sells Its Simkar Property to O3 Mining in MONARQUES GOLD CORPORATION

Combined transaction in the form of cash, shares and warrants valued at more than $1.5 million, with upside potential

MONTREAL, QUEBEC / ACCESSWIRE / December 13, 2019 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR) (OTC PINK:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has completed the sale of its Simkar property to O3 Mining Inc. ("O3 Mining"). The Simkar property is located 20 km east of Val-d'Or and includes two mining concessions and 15 claims covering an area of 5 km2.


As consideration, O3 Mining paid Monarch $140,000 in cash and issued 435,000 common shares of its share capital and 435,000 warrants. Each warrant entitles Monarch to subscribe for one additional common share of O3 Mining at a price of $4.20 for a period of three years following the closing of the transaction.


"We are very pleased to have entered into this agreement for the Simkar property with a company of the calibre of O3 Mining," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "O3 Mining has an outstanding technical team, led by José Vizquerra Benavides, and is capable of taking the Simkar project to a whole new stage of development. The structure of this transaction will enable us to benefit from O3 Mining's upside potential while continuing to develop our Wasamac flagship project, as well as our five other advanced gold projects."


The transaction is subject to regulatory approval.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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


FOR MORE INFORMATION:


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


SOURCE: Monarch Gold Corporation


View source version on accesswire.com:
https://www.accesswire.com/570069/Monarch-Gold-Sells-Its-Simkar-Property-to-O3-Mining

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Monarques Gold Corporation

publicPublic Group

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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8020 Admin

5 hours ago

8020 Admin posted a press release Monarch Gold Increases the Size of McKenzie Break by Acquiring 124 New Mineral Claims in MONARQUES GOLD CORPORATION







  • Following the 32.30 g/t Au over 7.1 metres (23.3 feet) result recently announced (see press release dated February 26, 2020), it was imperative for Monarch Gold to secure the claims around the property.



  • McKenzie Break now consists of 134 mineral claims covering a total area of 51 km2 or 20 square miles (see the latest properties map).



  • The McKenzie Break property and its gold mineralization are associated with a favourable intrusion along a southeast-trending secondary structure off the Mainville East fault, a possible extension of the Destor Porcupine Fault.



MONTREAL, Feb. 27, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report that it has acquired 91 mineral claims surrounding the McKenzie Break property (the "Property") from a group of private companies and prospectors (the "Vendors"). In addition, the Corporation has acquired 33 mineral claims by staking. In all, the McKenzie Break property now consists of 134 mineral claims covering a total area of 5,106.9 ha (51 km2). The newly defined property boundaries cover an area approximately 14 times the size of the original property and encompass virtually all of the favourable intrusion containing the gold mineralization.



Logo: Monarch Gold Corporation (CNW Group/Monarch Gold Corporation)



"It was important for us to secure these additional claims around McKenzie Break, especially in light of the excellent results obtained since the property was acquired and particularly from the last drilling program," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "The drill results to date indicate that the McKenzie Break property has excellent exploration potential in all directions and at depth."


Here below are two tables that each show the top 10 intercepts from the McKenzie Break drilling programs since Monarch acquired the property in December 2017, and from drilling programs before acquiring the property based on metal factor (grade times length), which show the extent of the high-grade potential on this property.



Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACC&qmodStoryID=5203606414523193 

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8020 Admin

1 day ago

8020 Admin posted a press release Monarch Gold intersects 32.30 g/t Au over 7.1 metres (23.3 feet) in new mineralized zone at McKenzie Break in MONARQUES GOLD CORPORATION







  • High-grade results from the hole MK-18-205 extension confirm the presence of a new mineralized zone below and to the east of the current resource.



  • Highlights from the third set of results for 1,462 metres of drilling in three diamond drill holes and two extension holes:




    • MK-18-205ext: 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 metres, 26.97 g/t Au over 1.3 metres and 24.60 g/t Au over 0.7 metres.



    • MK-19-249: 5.28 g/t Au over 13.7 metres, including 58.17 g/t Au over 0.6 metres and 21.04 g/t Au over 0.8 metres.



    • MK-19-250: 10.50 g/t Au over 11.0 metres, including 156.00 g/t Au over 0.6 metres and 13.15 g/t Au over 1.0 metre.



    • MK-19-251: 7.04 g/t Au over 6.0 metres, including 25.92 g/t Au over 1.0 metre.



    • These zones remain open to the south and east and at depth.




MONTREAL, Feb. 26, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the third set of assay results from the 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The fall 2019 drilling program consisted of 10 holes and two hole extensions totalling 4,202 metres, designed to follow up on the positive results from the 2018 drilling program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). The assay results reported today are for the last three holes and two hole extensions totalling 1,462 metres in the south part of the property (see plan view map of best drilling results).



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



"These are truly the best results we have encountered so far on McKenzie Break, with the discovery of a new high-grade mineralized horizon to the east and below the current resource," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch Gold. "This drilling has shown excellent continuity of the mineralization between holes drilled on 50-metre centres and a significant thickening of the mineralization towards the east and south. Based on these results, we intend to drill four additional holes at 50-metre spacings to continue testing the extension of this zone of high-grade mineralization. This 1,600-metre drilling program is scheduled to commence at the end of Q1."


Summary of drill results


Monarch's MK-18-205 hole drilled in 2018 had returned 20.12 g/t Au over 2.6 metres near the bottom of the hole. Given the assay results for this hole and the recently drilled holes around it, the hole was extended in 2019. The hole extension MK-18-205ext continued to intersect mineralization at depth, returning 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 metres, 26.97 g/t Au over 1.3 metres and 24.60 g/t Au over 0.7 metres. This high-grade intersection, one of the best on the property to date, confirms the existence of a new mineralized zone below and to the east of the current resource (see Figure 1).


Hole MK-19-249 was drilled 50 metres east of hole MK-19-241 and 70 metres southeast of the above-mentioned hole MK-18-205ext. It returned 5.28 g/t Au over 13.7 metres, including 58.17 g/t Au over 0.6 metres and 21.04 g/t Au over 0.8 metres (see Figure 2).


Hole MK-19-250, drilled 110 metres southwest of MK-18-205, returned 10.50 g/t Au over 11.0 metres, including 156.00 g/t Au over 0.6 metres. This high-grade intersection is located in a similar stratigraphy to MK-18-205ext, below and to the east of the current resource (see Figure 3).


Hole MK-19-251 was drilled 50 metres west of MK-19-241 and 80 metres southwest of MK-18-205. It returned 7.04 g/t Au over 6.0 metres, including 25.92 g/t Au over 1.0 metre, confirming the extension of the mineralization westward (see Figure 2).


The extension of hole MK-18-199, located much further to the southwest, showed a broad zone of mineralization grading 1.47 g/t Au over 14.5 metres, at a depth of approximately 300 metres (see Figure 4).


Third and final set of drill results for the McKenzie Break property:



Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=5370962048917509 

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8020 Admin

3 days ago

8020 Admin posted a press release Monarch Gold Completes Private Placement in MONARQUES GOLD CORPORATION


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

MONTREAL, Feb. 24, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has closed a non‐brokered private placement (the "Offering") of an aggregate of 4,000,000 flow‐through shares (the "FT Shares") at a price of $0.25 per FT Share, for aggregate gross proceeds of $1,000,000.



Logo: Monarch Gold Corporation, Emerging gold mining company in Abitibi (CNW Group/Monarch Gold Corporation)



"We are pleased to have completed this private placement, which will be primarily used to fund our upcoming exploration programs," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch.


All securities issued pursuant to this Offering are subject to a restricted period of four months and a day, ending on June 25, 2020, 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 becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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/February2020/24/c8455.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 

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8020 Admin

15 days ago

8020 Admin posted a press release Monarch Gold Reports its Second Quarter Results for Fiscal 2020 in MONARQUES GOLD CORPORATION

MONTREAL, Feb. 12, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) reported its results today for the second quarter ended December 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.


Read more here:  https://quotemedia.com/portal/quote?qm_symbol=MQR%3ACC&qmodStoryID=5485777462073870 

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8020 Admin

21 days ago

8020 Admin posted a press release Monarch Gold Intersects 7.96 G/T Au Over 3.5 Metres at Mckenzie Break, Including 18.45 G/T Au Over 0.7 Metres in MONARQUES GOLD CORPORATION



  • Program encounters more high-grade intersections at depth and to the north and east, with visible gold found in two of the three holes drilled.



  • Best results from the second set of holes from the 10-hole program:



    • Hole MK-19-246: 17.47 g/t Au over 0.8 metres and 7.98 g/t Au over 0.5 metres



    • Hole MK-19-247: 7.01 g/t Au over 2.0 metres, including 19.74 g/t Au over 0.7 metres



    • Hole MK-19-247: 15.47 g/t Au over 0.7 metres



    • Hole MK-19-248: 7.96 g/t Au over 3.5 metres, including 18.45 g/t Au over 0.7 metres



    • Hole MK-19-248: 14.23 g/t Au over 1.0 metre.





MONTREAL, QUEBEC / ACCESSWIRE / February 6, 2020 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR) (OTC PINK:MRQRF) (FRANKFURT:MR7) is pleased to report the second set of assay results from the 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The 2019 drilling program, which took place in the fall, consisted of ten holes and two hole extensions designed to follow up on the positive results from the 2018 program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). The assay results reported here are for three holes totalling 992 metres drilled in the northern section of the property (see Figure 1).


Hole MK-19-246 returned grades of 17.47 g/t Au over 0.8 metres and 7.98 g/t Au over 0.5 metres in two intervals 12.5 metres apart (see Figure 2). This hole is the farthest one to the north and west of the three holes drilled in the northern sector. MK-19-246 lies 100 metres from hole MK-18-231 drilled in 2018, which returned 17.45 g/t Au over 1.5 metres, and 75 metres from hole MK-18-234, which returned 17.30 g/t Au over 0.8 metres.


One hundred metres southeast of hole MK-19-246 is hole MK-19-247, which returned 7.01 g/t Au over 2.0 metres, including 19.74 g/t Au over 0.7 metres (see Figure 3). Combined with the result of hole MK-19-246, this result confirms the continuity and dip of the quartz veins to the east. Below this quartz vein, hole MK-19-247 intersected multiple other quartz veins (see table below), indicating that the mineralization is still open at depth.


Hole MK-19-248, located 100 metres southeast of hole MK-19-247, returned an impressive intersection of 7.96 g/t Au over 3.5 metres, including 18.45 g/t Au over 0.7 metres (see Figure 4). Additional significant gold intersections for this hole are listed in the table below. MK-19-248 is 50 metres from hole MK-18-235, which returned 10.60 g/t Au over 0.75 metres in 2018.


"McKenzie Break continues to deliver excellent results with each drilling program," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch Gold. "The first four holes drilled in the southern sector extended the new gold-rich lens found at depth (see press release dated January 8, 2020), while these three new holes drilled in the northern sector extend the mineralization to the east. Furthermore, coupled with the holes drilled in 2018, these holes confirm the continuity of the gold-bearing quartz veins to the east and south of the planned constrained pit on the McKenzie Break property, which could lead to an increase in the resource. We are now looking forward to seeing the results for the three last holes and two holes extensions, which tested the area around hole MK-19-241."


Second set of drill results for the McKenzie Break property:


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=7781876659145693 

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8020 Admin

1 month ago

8020 Admin posted a press release Monarch Gold Generates Second Quarter Revenue Of $2.5 Million in MONARQUES GOLD CORPORATION

The Corporation remained very active in the second quarter and expects 2020 to be very positive
with regard to the development and exploration of its gold projects

MONTREAL, Jan. 28, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its preliminary financial results and highlights for the second quarter ended December 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.



Logo: Monarch Gold Corporation (CNW Group/Monarch Gold Corporation)



Financial highlights



  • Monarch recovered a total of 2,606 ounces of gold from the cleaning of its Camflo mill.

  • The Corporation posted second quarter revenues of $2.5 million mainly from the sale of 1,383 ounces of gold at an average price of $1,771 (US $1,346) per ounce.

  • As at December 31, 2019, the Corporation had $5.1 million in cash, $3.6 million in short-term investments and 500 ounces of gold in inventory.

  • Monarch currently has a combined measured and indicated resource of 3.2 million ounces of gold with an inferred resource of 1.1 million ounces, including proven and probable reserves of 1.8 million ounces of gold for the Wasamac deposit (see table at the end of the release).


"We were very active in the second quarter with the filing of the project notice to initiate the provincial environmental assessment process for the Wasamac project, which usually lasts 18 to 24 months," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "We also pursued our discussions with potential partners for the Wasamac project, completed the clean-up of the Camflo mill, continued to develop our advanced McKenzie Break and Fayolle gold projects and closed the sale of the Simkar property to O3 Mining during the quarter, as well as strengthening our Board of Directors with the appointment of Laurie Gaborit. In the coming quarters our focus will remain on our flagship Wasamac project, and we will also pursue the development of our other advanced projects through investments, partnerships and other types of transactions, with the overall goal of getting the most out of our high-quality, high-potential mining assets in the current gold bull market."


Corporate highlights


High level of activity at Wasamac


On November 20, 2019, the Corporation filed a project notice with Quebec's Ministry of the Environment and the Fight Against Climate Change (MELCC) for its Wasamac gold project The project notice is the first step in the mining permit application process, which generally takes 18 to 24 months (see press release dated November 20, 2019).


In addition, the Government of Quebec has selected Wasamac to serve as a pilot project for the assessment and optimization of administrative delays in the processing of permit applications by the various ministries. The pilot project also aims to support mining projects in the development of best environmental practices.


On November 27, 2019, the Corporation acquired 24 claims on the west side of the Wasamac property. While the main purpose of the transaction was to secure a site for the future Wasamac mine infrastructure, the new claims also have good exploration potential, as the fault hosting the Wasamac deposit appears to extend onto the property (see press release dated November 27, 2019).


Finally, the Corporation is in discussions with several potential partners, both producing companies and financial groups, to advance the Wasamac project through the permitting, development and production phases. It should be noted that this major gold project also has excellent exploration potential along strike and at depth (see figure 1 and figure 2).


Strengthening of the Board of Directors with the appointment of Laurie Gaborit


Last October, we announced the appointment of Laurie Gaborit to the Corporation's Board of Directors. Laurie has over 20 years of experience in investor relations and corporate communications, her most recent position being that of Vice President, Investor Relations, with Detour Gold Corporation. As a key member of Detour Gold's management team, she participated in the company's initial public offering in 2007 and its transformation from exploration company to intermediate gold producer within a seven-year period, during which time Detour Gold's market capitalization increased from $120 million to over $3 billion. In addition to her skills, her in-depth knowledge of the financial markets will be of great value to the board as Monarch pursues the development of its gold projects in Quebec (see press release dated October 29, 2019).


Excellent drill results at McKenzie Break


The 2019 drill results received to date continue to meet our high expectations for McKenzie Break and support our assumption that this high-grade lens remains open to the east, west, south and at depth. The best results for the four holes of the first phase of the program were from hole MK-19-241, which intersected significant gold mineralization, including 26.78 g/t Au over 2.1 metres, and hole MK-19-242, which intersected 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres (see press release dated January 8, 2020, for full results). The results for phases 2 and 3 of the program, consisting of 7 additional holes and 2 hole extensions, are expected in the coming weeks.


New resource estimate for the Fayolle deposit


On October 22, 2019, a 43-101 mineral resource estimate technical report was filed on SEDAR for the Fayolle deposit, acquired in August 2019. The report shows a new pit-constrained indicated resource of 405,600 tonnes at an average grade of 5.42 g/t Au, for a total of 70,630 ounces of gold, and an underground indicated resource of 300,800 tonnes at an average grade of 4.17 g/t Au, for a total of 40,380 ounces (see press release dated September 10, 2019, for more details regarding the resource estimate). The Corporation intends to continue developing Fayolle with the aim of increasing the resource.


Sale of the Simkar property to O3 Mining


On December 13, 2019, we closed the sale of the Simkar property to O3 Mining Inc. in a combined cash, share and warrant transaction valued at over $1.5 million (see press release dated December 13, 2019). This transaction has upside potential as O3 Mining has announced over 50,000 metres of drilling on its Quebec properties in 2020. The proceeds from this transaction will eventually be used to further develop our advanced gold projects.


The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, 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 becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=MQR%3ACA&qmodStoryID=6143079333327034 

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8020 Admin

1 month ago

8020 Admin posted a press release Monarch Gold Corporation Exhibiting at Booth 635, Vancouver Resource Investment Conference, Jan 19-20, 2020 in MONARQUES GOLD CORPORATION

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2020) - Monarch Gold Corporation (TSX: MQR) would like to cordially invite you to visit us at Booth #635 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 – Monday January 20, 2020.


The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.


Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.


Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.


For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.


We look forward to seeing you there.


For further information:


Monarch Gold Corporation
Elisabeth Tremblay
514-585-2906
e.tremblay@monarquesgold.com
www.monarquesgold.com

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8020 Admin

2 months ago

8020 Admin posted a press release Monarch Gold Intersects 26.78 g/t Au Over 2.10 Metres at McKenzie Break, Including 56.51 g/t Au Over 0.5 Metres in MONARQUES GOLD CORPORATION







  • Program encounters more high-grade intersections at depth, with visible gold found in two of the first four holes drilled.



  • Best results from the first four holes of the 10-hole program:




    • Hole MK-19-241: 26.78 g/t Au over 2.1 metres, including 56.51 g/t Au over 0.5 metres and 47.78 g/t Au over 0.5 metres



    • Hole MK-19-242: 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres, and 5.17 g/t Au over 3.0 metres, including 12.79 g/t Au over 1.0 metre.





MONTREAL, Jan. 8, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the assay results for the first four of ten holes drilled during the 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills.



The 2019 drilling program, which took place in the fall, initially consisted of seven holes designed to follow up on the positive results from the 2018 program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). Three new holes and two hole extensions were subsequently added in the light of the excellent results from holes MK-19-241 and MK-19-242.


The first portion of the program consisted of four holes drilled in the southern sector of the property to extend the new gold-rich lens intersected at depth by hole MK-18-205 during the 2018 drilling program (20.12 g/t Au over 2.6 metres) (see Figure 1). Holes MK-19-241, 242, 243 and 244 were collared 50 metres south, east, north and northwest of hole MK-18-205, respectively. MK-19-241 returned significant gold mineralization, including 26.78 g/t Au over 2.1 metres (see Figure 2); MK-19-242 intersected 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres (see Figure 3); MK-19-243, the northernmost hole drilled in the southern sector, returned low assays, with a best result of 0.96 g/t Au over 2.0 metres; and MK-19-244 returned broadly anomalous gold values over three intervals in the target area of 338.0 metres to 381.6 metres down the hole, confirming that the gold system is still present (see Figure 4). The full results for these first four holes are set out in the table below.


The significant assays, particularly for holes MK-19-241 and 242, confirmed the continuity of the lens intersected in hole MK-18-205, defining a broad gold-bearing vein that extends along strike and at depth. Given these excellent results, three additional holes were drilled 50 m to the east, west and south of hole MK-19-241, respectively. The assay results for the additional holes are still pending.


"The 2019 results received to date continue to confirm the high expectations we have for McKenzie Break and support our theory that this high-grade lens remains open to the east, west and south and at depth," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch Gold. "We are looking forward to seeing the results for the second portion of the program, which tested the potential of the high-grade lens more to the north and at depth, and of the three holes added to test the area around hole MK-19-241. We believe that the results from this program could increase the underground resource at McKenzie Break."



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8020 Admin

3 months ago

8020 Admin posted a press release Monarch Gold Sells Its Simkar Property to O3 Mining in MONARQUES GOLD CORPORATION

Combined transaction in the form of cash, shares and warrants valued at more than $1.5 million, with upside potential

MONTREAL, QUEBEC / ACCESSWIRE / December 13, 2019 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR) (OTC PINK:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has completed the sale of its Simkar property to O3 Mining Inc. ("O3 Mining"). The Simkar property is located 20 km east of Val-d'Or and includes two mining concessions and 15 claims covering an area of 5 km2.


As consideration, O3 Mining paid Monarch $140,000 in cash and issued 435,000 common shares of its share capital and 435,000 warrants. Each warrant entitles Monarch to subscribe for one additional common share of O3 Mining at a price of $4.20 for a period of three years following the closing of the transaction.


"We are very pleased to have entered into this agreement for the Simkar property with a company of the calibre of O3 Mining," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "O3 Mining has an outstanding technical team, led by José Vizquerra Benavides, and is capable of taking the Simkar project to a whole new stage of development. The structure of this transaction will enable us to benefit from O3 Mining's upside potential while continuing to develop our Wasamac flagship project, as well as our five other advanced gold projects."


The transaction is subject to regulatory approval.


ABOUT MONARCH GOLD CORPORATION


Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as 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


FOR MORE INFORMATION:


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


SOURCE: Monarch Gold Corporation


View source version on accesswire.com:
https://www.accesswire.com/570069/Monarch-Gold-Sells-Its-Simkar-Property-to-O3-Mining

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