Monarques Gold Reports Remaining Results from Drilling at Croinor

Monarques Gold Corp. (TSXV:MQR) announced the remaining results from the winter drill program at its Croinor gold project, located in Quebec.

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. The full results for eight of the holes were reported previously, on March 26, 2015, and April 10, 2015. The results of the remaining four holes have now been compiled.

Many significant values were intersected at 670 metres and 680 metres west of the center of the deposit, especially in Hole CR-15-426, where three separate gold zones were identified (from 203 to 207, 214-217 and 231 to 233). Hole CR-15-427 was drilled about 18 metres from CR-15-426 and also intersected the 3 zones (222.3 to 225.3, 228.3 to 229.5 and 246.8 to 247.8). Phase II and Phase III planning work is proceeding as anticipated, with the aim of starting Phase II in early May.

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

We are very satisfied with the outcome of Phase 1 of the program. The extensions of the Croinor deposit are indeed there along strike and at depth. Our new major 96-metre zone (see section) is by far the biggest breakthrough of this program to date. We are looking forward to Phase II of the program, which will start in a few weeks.

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