Production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018, and the mine will be placed on care and maintenance. The Corporation will continue its exploration activities at the Beaufor Mine in order to increase its gold resource over the longer term, given the many high-grade results obtained since the end of [...]
Strong growth in revenue from custom milling operations, which rose more than 31%. Feasibility study ongoing for the Wasamac gold deposit , based on proven Rail-Veyor material transport technology. Results of resource estimates for the McKenzie Break and Swanson deposits bring Monarques' total combined measured and indicated resource to more [...]
The Corporation strengthens its financial position by repaying the loan two months ahead of schedule Monarques Gold Corp. is pleased to report that it has repaid the US $4 million senior secured gold loan borrowed from Auramet International LLC . "We decided to repay the loan two months ahead of the September 30, 2018, deadline, which will allow [...]
Final technical report shows an increase of 6,049 ounces in the Indicated category and 183 ounces in the Inferred category, which totals 1,752,100 tonnes at 1.85 g/t Au for 104,100 ounces of gold in the Indicated category and 74,000 tonnes at 2.96 g/t Au for 7,100 ounces in the Inferred category. Monarques Gold combined Measured and Indicated [...]
Monarques Gold combined Measured and Indicated resources now stand at over 3.1 million ounces of gold . MONTREAL, July 19, 2018 /CNW/ - Monarques Gold Corp. is pleased to announce that it has filed on SEDAR a National Instrument 43-101 technical report for its McKenzie Break gold project. Monarques published a press release on June 14, 2018 , which [...]
Exploration drilling continues to indicate strong gold potential at the Beaufor Mine MONTREAL, July 17, 2018 /CNW/ - MONARQUES GOLD CORPORATION is pleased to report the first set of results from its 30,000-metre 2018 drilling program at the Beaufor Mine. The current results are from nine exploration holes totalling 2,047 metres of drilling on the [...]
/STATES/ MONTREAL, July 12, 2018 /CNW/ - Monarques Gold Corp. is pleased to announce, as of July 12, 2018, the grant of 2,360,000 stock options to directors, officers, employees and consultants. The Corporation granted 2,085,000 Options to directors, officers and a manager , Mr. Michel Bouchard , Mr. Christian Pichette , Mr. Michel Baril , Mr. Guy [...]
Drilling extends deposit by some 180 metres horizontally to the northwest and down to 560 metres, 265 metres below the current resource envelope MONTREAL, July 10, 2018 /CNW/ - Monarques Gold Corp. is pleased to report new assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project 50 kilometres east of Val-d'Or [...]
The Swanson maiden mineral resource estimate for a combined pit-constrained and underground scenario is as follows: A pit-constrained Indicated resource of 90,319 ounces and Inferred resource of 941 ounces, and an underground Indicated resource of 7,732 ounces and Inferred resource of 5,975 ounces. The advantageous location of the Swanson deposit [...]
The mineral resource estimate for McKenzie Break was prepared for two scenarios: Scenario 1: A pit constrained Indicated resource of 48,133 ounces and Inferred resource of 14,897 ounces, and an underground Indicated resource of 53,448 ounces and Inferred resource of 49,130 ounces, for a total of 165,608 ounces of gold. Scenario 2: An underground [...]
The BBA study for the custom milling option was positive and identified several processing plants able to provide the service. Based on those results, the Corporation has retained BBA to conduct a feasibility study whose base scenario includes a mill and tailings facility near Wasamac, which will also allow to better assess the custom milling [...]
MONTREAL, May 25, 2018 Revenues of $9.8 million, a 4.6% decrease compared to the second quarter due to a planned shutdown for maintenance work at Camflo and the breakdown of equipment at Beaufor Normal production resumed in April 2018 17% increase in revenue from custom milling activities Monarques initiated several promising projects during the [...]
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