Canadian Mining Journal

News

GOLD: Monarques drills 46.6 g/t on Croinor property



QUEBEC – Monarques Gold Corp. of Montreal has the results from 10,000 metres of drilling last year carried out at its Croinor project 70 km east of Val d’Or. Best among the assays was 46.6 g/t Au over 0.6 metre.

Portal of the Croinor mine that was the subject of underground drilling as early as the 1940s.

The bonanza was intersected by hole CR-16-515 that returned two mineralized intersections. One graded 6.74 g/t Au over 2.1 metres include 24.7 g/t over 0.5 metres. The other graded 11.91 g/t over 2.8 metres including the aforementioned 46.6 g/t.

Other highlights from last year’s drilling include (all assays cut to 70 g/t):

  • 90 g/t over 4.0 metres including 18.4 g/t over 1.0 metre in hole CR-16-484;
  • 58 g/t over 2.2 metres including 16.5 g/t over 1.1 metres in hole CR-16-489;
  • 27 g/t over 2.3 metres including 58.6 g/t over 0.9 metre in hole CR-16-505;
  • 95 g/t over 3.2 metres including 15.7 g/t over 0.7 metres in h ole CR-16-506; and
  • 71 g/t over 9.9 metres including 43.3 g/t over 1.0 metre and 43.9 g/t over 1.0 metre in hole CR-16-512.

The Croinor project is the result of merging the Croinor, Croinor-Pershing, Lac Tavernier, and Bel-Rive properties in 2014.

The prefeasibility study for Croinor was produced in 2014. It is available at www.MonarquesGold.com.