Monarques Gold Completes Phase I and II Drilling at Croinor Project

Monarques Gold Corp. (TSXV:MQR) released full results from Phase I and II drilling at its Quebec-based Croinor gold project. The company plans to begin Phase III of the program in the next several weeks.
One highlight from the western area of the deposit is hole CR-15-447, which returned 7.09 g/t gold over 3 meters core length at a depth of 320 meters, as well as 5.83 g/t gold over 3.4 meters core length at a depth of 335 meters.
As quoted in the press release:

Phase II began on May 11 with the start of diamond drilling and ended on July 7. A total of 8,981 metres and 24 holes were drilled. Two drills were in operation during Phase II. The goal of this phase was to test the East and West extensions of the deposit based on previous results, test two targets identified by satellite interpretation 1.2 km west of the deposit, continue drilling in the area of the Phase 1 successes and finally, drill one hole at depth (480 vertical metres) to confirm the continuity of a vein intersected in 2011. The results for the first six holes were released on June 16.

Jean-Marc Lacoste, president and CEO of Monarques, commented:

The presence of visible gold at a depth of 467 metres in the deposit and strong results to the west give us confidence in the extensions of the Croinor deposit along strike and at depth. In the next few weeks we will start Phase III of the exploration work on the Croinor Gold, which will help us gain a better understanding of our gold deposit.

Click here to read the full Monarques Gold Corp. (TSXV:MQR) press release.