Canadian Mining Journal

News

GOLD: Monarch drills its McKenzie Break property



Monarch’s Beacon mill is less than 20 km from its McKenzie Break project. (Image: Monarch Gold Corp.)

QUEBEC – Montreal-based Monarch Gold Corp. has begun a new diamond drilling program at its wholly owned McKenzie Break gold property 25 km north of Val d’Or. The property is near both the company’s Camflo and Beacon mills.

The program will drill 2,670 metres in seven holes. Four holes will test new zones in the southeast sector of the deposit at depth. Three holes will be drilled in the northeast sector to extend the known pit constrained resource. An estimated 165,608 oz. of gold has already been identified at the project..

The new program will follow-up on these results obtained in 2018:

  • Hole MK-18-196: 61.20 g/t gold over 2.6 metres, including 265.00 g/t Au over 0.6 metre; and
  • Hole MK-18-216: 24.40 g/t gold over 2.0 metres including 93.80 g/t Au over 0.5 metre.
  • Visible gold was observed in 17 of the 61 holes drilled.

A year ago Monarch released a 43-101 pit constrained resource of 939,860 indicated tonnes grading 1.59 g/t gold and an inferred underground resource of 281,839 tonnes grading 5.90 g/t gold.

More information is available at www.MonarquesGold.com in the June 2018 technical report for the McKenzie Break project.