Monarques Gold Intersects 23.27 g/t Au Over 2.3 meters at a Depth of 300 Meters on the Croinor Gold Deposit

Monarques Gold (TSXV:MQR) has announced new results from its 10,000 meter drilling program on its Croinor Gold Project.
As quoted in the press release:

Hole CR-16-505 returned a 2.3 metre intersection grading at 23.27 g/t Au including 58.6 g/t Au over 0.9 metres, the highest grade yet for the current program. The mineralized zone consists of 50% tourmaline quartz veins associated with 3% coarse pyrite and grains of visible gold. All lengths are the same as the core lengths.
The hole was drilled on Section 720W to test the extension of a mineralized zone. The intersection is 50 metres from old Hole CR-11-408 (grade of 3.14 g/t Au over 5.8 metres) on the same section, thus extending the zone by the same distance, and at a depth of 300 metres, thus confirming the presence of high-grade mineralization in the lower part of the deposit. It is also located at the south contact of the Croinor diorite, which is unusual for the Croinor Gold deposit, where the best grades are generally associated with the north contact.
“The results of this drilling program, including the latest result, reveal the presence of economic intersections 300 metres below surface at multiple locations (see news releases dated November 9 and October 6, 2016), which represents the current base of the deposit and the least-tested portion of the deposit,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “To date, the Croinor Gold gold-bearing system remains open at depth and shows a certain rhythmicity in the occurrence of mineralized shoots at depth (see Section 720W) and along the Croinor diorite, which remains relatively untested outside the Croinor Gold deposit.”

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