Longitudinal section of the Croinor project showing the best results of the 2018 drilling campaign. (Image: Monarques Gold Corp.)
QUEBEC – Monarques Gold Corp. of Montreal has received some very encouraging results from the 2018 diamond drill program at its Croinor gold project 50 km east of Val d’Or. The best assays were 18.40 g/t gold over 1.6 metres in hole CR-18-585 and 16.05 g/t over 3.1 metres in hole CR-18-597.
Drilling that began in March 2018 has extended the deposit by 180 metres horizontally to the northwest and down to 560 metres or 265 metres below the current resource envelope.
Resources currently stand at 602,994 tonnes grading 6.66 g/t gold and containing 129,292 oz. of gold in proven and probable reserves. The measured and indicated resource (including reserves) is 804,600 tonnes grading 9.12 g/t and containing 236,000 oz. There is also an inferred resource of 160,800 tonnes at 7.42 g/t gold and containing 38,400 oz.
The Croinor mine is to be dewatered this year and a bulk sample taken in 2019.
Results of the Croinor pre-feasibility study are posted at www.MonarquesGold.com.