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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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


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

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  • 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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  • 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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