Canadian Mining Journal

News

GOLD: Monarques cuts 23.2 g/t over 0.4 at Simkar property



QUEBEC – Monarques Gold Corp. of Montreal is exploring its Simkar gold property 20 km east of Val d’Or and less than 3 km from the company’s Beacon gold mill. The best intersections were 0.4 metre of 23.2 g/t gold and 1.0 metre of 16.9 g/t gold.

The current drill program is testing the western extension of the diorite A-hosted gold-bearing zone that contains some of the mineralization of the Louvicourt mine at the centre of the Simkar property. The mine was in production from 1945 to 1949 and again from 1987 to 1993.

The program consisted of four holes with these highlights:

  • Hole CR-17-03: 11.30 g/t gold over 0.7 metre;
  • Hole CR-17-04: 15.85 g/t gold over 1.0 metre;
  • Hole CR-17-05: 14.85 g/t Au over 0.7 metre; and
  • Hole CR-17-06: 23.20 g/t Au over 0.4 metre.

Detailed drilling results are available in the news release dated Aug. 16, 2017, posted at www.MonarquesGold.com.

Using a 3 g/t gold cut-off, the Simkar resources were last estimated in January 2015. They include 242,040 measured and indicated tonnes grading 5.5 g/t gold and containing 42,984 oz. plus 98,320 inferred tonnes grading 6.4 g/t gold and containing 20,103 oz. of gold.