Monarques Gold Reports New High-Grade Gold Results

Monarques Gold Corporation (TSXV:MQR) reported new results that mark the end of its 2017 drilling program at the Beaufor Mine. The results are from a total of 7,157 metres of drilling in 52 holes, including 5 exploration holes (2,651 metres) and 47 definition drill holes (4,506 metres). The holes were drilled in multiple areas of the mine, including zone Q, QH2 and 32 and the 350H, 1700 and Granodiorite East projects.

Highlights are as follows:

• Exploration drilling intersected new veins subparallel to Zone Q, including:
  • 32.28 g/t Au over 2.10 metres, including 62.40 g/t Au over 1.10 metres
  • 7.55 g/t Au over 4.00 metres, including 20.80 g/t Au over 1.00 metre
• Definition drilling continued to intersect high-grade gold zones, including:
  • 13.41 g/t Au over 4.75 metres, including 89.85 g/t Au over 0.50 metres
  • 17.34 g/t Au over 3.30 metres, including 59.00 g/t Au over 0.80 metres
  • 10.11 g/t Au over 2.50 metres, including 27.40 g/t Au over 0.55 metres
  • 8.82 g/t Au over 2.50 metres, including 25.95 g/t Au over 0.60 metres
• A 30,000-metre drilling program has been under way at the Beaufor Mine since the beginning of 2018 to increase the resources and extend the mine life.

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

The strategy of testing the east and depth extensions of Zone Q with exploration holes has paid off, as we were able to identify a good gold potential in the Zone Q footwall.

Based on the results obtained to date, we think that we’ll be able to increase the mineral resource in this area.  We will do more in-depth follow-up on the QF veins as part of the 2018 drilling program already under way.

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