Monarques Gold Releases 2018 Diamond Drill Results at Croinor Gold project

- July 10th, 2018

Monarques Gold Corporation (TSXV:MQR) reported new assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project 50 kilometres east of Val-d’Or, Québec.

Monarques Gold Corporation (TSXV:MQR) reported new assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project 50 kilometres east of Val-d’Or, Québec.

As quoted in the press release:

The 20,000 metre diamond drilling program started in March 2018 and is focused on the expansion of the Croinor Gold deposit. The Phase 1 results are from a total of 4,584 metres of drilling in 16 holes. Drilling is ongoing. 

The Croinor Gold deposit is hosted in a sheared diorite sill three kilometres long by 60–120 metres wide, striking 295 degrees north and dipping 50–65 degrees to the north. The mineralization is associated with pyrite found within and adjacent to quartz-tourmaline veins. The goal of Phase 1 was to extend the western part of the deposit and confirm the continuity of mineralization intersected in Hole CR-17-547.

Jean-Marc Lacoste, president and CEO, commented:

The drill results on Croinor Gold continue to surpass our expectations, particularly in terms of the deposit’s potential at depth. Hole CR-18-586, drilled 50 metres west of Hole CR-17-547, returned a 9.4-metre intersection grading 3.08 grams per tonne gold, including 6.61 grams per tonne gold over 3.1 metres, from a vertical depth of 560 metres, 265 metres below the current resource envelope, indicating that the deposit remains open at depth, with wide, continuous mineralization. The other good news is that the deposit appears to extend some 180 metres to the northwest. All the holes intersected mineralization, including 18.40 grams per tonne gold over 1.6 metres in Hole CR-18-585 and 16.05 g/t Au over 3.1 metres in Hole CR-18-597. We are excited by this outcome of Phase 1, and eager to see the Phase 2 results.

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