QUEBEC – Only 25% of this season’s planned drilling has been completed, but Monarques Gold Corp. of Montreal has announced plans to expand the programs at both the Croinor and Gold Bug properties near Val d’Or. The company says the final program will be well over the 10,000 metres initially planned.
Drilling at the Croinor gold project.
Earlier this year, the company reported drilling at the Gold Bug showing confirmed a shear corridor about 15 metres wide with a vertical depth of at least 115 metres. Drilling returned assays such as 8.41 g/t gold over 25 metres and 6.96 g/t over 15 metres including 17.1 g/t over 5.9 metres.
Monarques has identified several other promising targets on the Croinor property and is making plans to drill six, 250-metre holes at one of them 300 metres from Gold Bug. The company hopes to move the Croinor project to development and eventual production.
Monarques has also completed the four-hole, 3,000-metre program at Simkar and is awaiting assay results.
Watch the latest 4-minute corporate video at http://monarquesgold.com/en/investors/corporate-video.