Monarques Gold Announces the Start of 10,000-Meter Drilling Program

Monarques Gold (TSXV:MQR) has announced that it has resumed drilling on its Croinor Gold property in Quebec.
As quoted in the press release:

Two drill rigs will be mobilized on the property in the next few days. The goal of the drilling program is to increase the inferred resource of the Croinor Gold main deposit and confirm the economic mineralization of the zones that are slated for production. At the same time, the Corporation will also drill a number of exploration targets, including the Gold Bug sector, the site of a significant discovery less than 500 metres east of the main deposit.
“We are very pleased to be resuming drilling at Croinor Gold,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “This drilling program is in line with our development strategy, which aims to increase the Croinor Gold gold resource to ensure a longer mine life and a steady supply of ore for the Beacon mill. Exploration work on the Gold Bug, Trench 2 and Bug Lake showings has also provided us with a selection of new high-potential exploration targets that will be tested during this program as well.”
The 2015 drilling program resulted in an increase in the gold resource at the Croinor Gold main deposit and the conversion of a portion of the inferred resource to the indicated category (see press release dated November 24, 2015). A complete reinterpretation of the deposit data was undertaken in the summer of 2016 to allow for a better understanding of the various zones of the deposit and how they were related. The current program will test this new interpretation in addition to targeting the extensions of the known zones.

Click here to read the full press release.