Monarques Resources Inc.: IP Survey Identifies Two New Anomalies at Nisk 1 Deposit

Monarques Resources Inc. (TSXV:MQR) announced two new anomalies at its Nisk-1 deposit have been identified by an induced polarization (IP) survey.

As quoted in the press release,

Last winter, two diamond drill holes totaling 1,032 meters were drilled under the deposit. The best result from this drill program was 0.34% Ni and 0.13% Cu over 7.75 meters (from 367.75 to 375.5 m) and was obtained in hole TF-72-11 in a zone containing 5-40% sulphide. A “Pulse EM” survey conducted in this hole indicated a conductivity anomaly in the vicinity.

Monarques’ President and CEO, Guy Bourassa said,

With the identification of these two new anomalies at Nisk-1, we have allocated a budget covering 2,500 meters of drilling to explore them at the North-East and South-West lateral extensions of the deposit itself. The program, where eight targets will be tested, is scheduled to begin as early as December.

Click here to read the Monarques Resources Inc. (TSXV:MQR) press release.