Monarch Mining Corp.

Step-out exploration drilling expands mineralized envelope to the south, northeast and east: Hole MK-20-276 intersects 70.80 g/t Au over 0.4 metres and 10.20 g/t Au over 1.2 metres, extending the resource envelope approximately 50 metres to the south. Hole MK-20-266 intersects 8.80 g/t Au over 1.0 metre within a wider section of 6.47 g/t Au over [...]

Monarch Mining Corp. is pleased to announce that as a result of the demand for its previously announced financing, it has entered into an amended agreement pursuant to which Sprott Capital Partners LP and Stifel GMP as co-lead underwriters and joint bookrunners have agreed to purchase, on a "bought deal" private placement basis 7,500,000 units of [...]

Monarch Mining Corp. is pleased to announce that it has entered into an agreement pursuant to which Sprott Capital Partners LP and Stifel GMP as co-lead underwriters and joint bookrunners have agreed to purchase, on a "bought deal" private placement basis 6,250,000 units of the Corporation at a price of C$0.80 per Unit for aggregate gross proceeds [...]

Monarch Mining Corp. is pleased to announce that it has received confirmation from the Depository Trust Company that its common shares are now eligible for electronic clearing and settlement through DTC in the United States. Monarch currently trades on the OTCQX under the ticker symbol GBARF. DTC is a subsidiary of The Depository Trust & Clearing [...]

The Corporation is moving into recruiting mode in preparation for the reopening of its facilities. Before operations were suspended, some 150 people worked at the Beaufor mine and 30 at the Beacon mill. Monarch will focus on operating the Beaufor Mine through two accesses and the shaft), instead of the shaft access only. The Beaufor mine has [...]

Monarch Mining Corp. is pleased to announce that the Corporation has qualified to trade on the OTCQX? Best Market. Monarch upgraded to the OTCQX market from the Pink? market. Monarch begins trading today on OTCQX under the symbol "GBARF". US investors can find current financial disclosure and Real-Time Level 2 quotes for the company on [...]

Monarch has completed a 5,286-metre drilling program on its wholly-owned Croinor Gold property, focused on exploration targets outside the deposit and current mineral resource envelope. High-grade mineralization intersected in the Bug Lake area includes 24.70 g/t Au over 0.6 m in hole CR-20-706 and 17.70 g/t au over 1.2 m in hole CR-20-713. Broader [...]

Monarch Mining Corp. reported its results today for the quarter and 141-day period ended March 31, 2021. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results: Three months ended March 31 2021 141-day period ended March 31 2021 Administrative expenses 585,444 585,444 Care and maintenance expenses 962,859 962,859 [...]

BBA Inc. awarded contract for mineral resource estimate on Beaufor Mine gold deposit. New MRE to incorporate 2020-2021 drill program results and use new and more advanced 3D technology to treat vast amounts of historical data. Excavation of exploration drift initiated to provide drill bays for testing depth extensions. Monarch Mining Corp. is [...]

Corporation intersects multiple high-grade gold intersections from underground and surface exploration drilling. Best high-grade results include 187.0 g/t Au over 0.5 m, 151.5 g/t Au over 0.5 m and 147.5 g/t Au over 0.3 m. Monarch has initiated Phase 2 of the surface drilling program to follow up on the recent near-surface results. The 42,500-metre [...]