Monarques Gold Corp Traces Gold Zone Over 96 Meters at Croinor

Monarques Gold (TSXV:MQR) reported results from its winter drilling program at its Croinor gold project near Val-d’Or Quebec. The company traced a gold zone over more than 96 meters, and is planning Phase 2 and Phase 3 drill programs later this year.

As quoted in the press release:

Phase 1 of the 2015 drilling program announced on February 9 was completed on March 17, with 12 holes drilled for a total of 3,984 metres of drilling. Results for four of the holes were previously reported, on March 26, 2015, and the results of the remaining eight holes have now been compiled. Four of these eight holes were drilled at the western end of the mining lease (between Sections 750W and 640W), and the other four in the centre of the deposit (between Sections 0 and 70-E).

On Section 0-East, a gold zone has been traced over a distance of more than 96 metres by five drill holes (see section), this gold zone is located below the current measured and indicated resource. Hole CR-15-420B grading an average of 6.73 g/t over 4.0 metres core length (CL) and Hole CR-15-431 with 15.12 g/t over 4.0 metres (CL) were drilled on either side of Hole CR-15-421 (16.01 g/t over 3.0 metres (CL)) and historic hole CN-89-135 (23.98 g/t over 2.76 metres (CL)). Like the earlier holes, both contained visible gold. Finally, historical hole CR- 07-336 (1.32 g/t over 3.0 metres (CL)) marks the bottom of the 96-m zone, which remains open along strike in both directions.

Monarques president and CEO, Jean-Marc Lacoste, said:

These results are very encouraging because they demonstrate the extension of the Croinor deposit along strike and at depth. The identification of this significant 96 metres gold-rich zone is particularly encouraging, as it shows that the deposit is continuous at depth. We are looking forward to starting Phase II of our program and testing other zones.

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