Canadian Mining Journal


Monarques Gold bets big on Quebec

It has a market capitalization of just $40.8 million, but Monarques Gold (TSXV: MQR; US-OTC: MRQRF) has a lot going on across its 300 km2 of gold properties in Quebec.

Its flagship Wasamac project, 15 km west of Rouyn-Noranda in the heart of the Abitibi, contains 30 million measured and indicated tonnes grading 2.70 grams gold per tonne (or a contained 2.6 million oz. gold) that could be mined from underground as a bulk mining operation.

Monarques is on track to complete a bankable feasibility study on the project in December.

That, says Monarques president and CEO Jean-Marc Lacoste,  should convince the market that the company is undervalued, and should be taken seriously.

Continue reading at The Northern Miner.