Canadian Mining Journal

News

GOLD: Monarques cuts bonanza 93.8 g/t over 0.5 metre at McKenzie Break



Monarch’s fully permitted Beacon mill is less than 20 km from the McKenzie Break deposit. (Image: Monarch Gold)

QUEBEC – Monarques Gold Corp. of Montreal saw visible gold in 12 of the first 41 holes drilled to date at its McKenzie Break deposit 35 km north of Val d’Or. One of those holes returned a bonanza of 265.00 g/t gold over 0.6 metre.

The second set of results, while not that high, still qualify for the “high grade” category:

  • Hole MK-18-216: 24.40 g/t gold over 2.0 metres, including 93.80 g/t over 0.5 metre;
  • Hole MK-18-205: 20.12 g/t gold over 2.6 metres, including 32.20 g/t over 0.5 metre;
  • Hole MK-18-213: 12.60 g/t gold over 2.0 metres, including 25.20 g/t over 1.0 metre; and
  • Hole MK-18-211: 24.10 g/t gold over 1.0 metre.

Monarques purchased the McKenzie Break property from Agnico Eagle in December 2017.  The pre-feasibility study of January 2018 included indicated pit resources of 939,960 tonnes at 1.59 g/t gold for 48,133 oz. and indicated underground resources of 281,739 tonnes at 5.90 g/t gold for 53,448 oz. (No inferred resource was mentioned.)

Read last year’s 43-101 report at www.MonarquesGold.com.