Monarch Gold Corp. is pleased to announce that it has completed the sale of its Regcourt property and its interest in the Louvem property to O3 Mining Inc. . As consideration for the Regcourt property, O3 Mining has issued 113,637 common shares of its share capital to Monarch. In regards with the Louvem property, O3 Mining has issued 4,546 common [...]
Transaction valued at $2.4 million in the form of shares and assumption of reclamation liabilities. This divestment maximizes value for shareholders by allowing management to focus on its wholly owned portfolio of advanced gold properties. Monarch Gold Corp. is pleased to announce that it has entered into a definitive agreement for the sale of the [...]
Following the 32.30 g/t Au over 7.1 metres result recently announced , it was imperative for Monarch Gold to secure the claims around the property. McKenzie Break now consists of 134 mineral claims covering a total area of 51 km2 or 20 square miles . The McKenzie Break property and its gold mineralization are associated with a favourable intrusion [...]
High-grade results from the hole MK-18-205 extension confirm the presence of a new mineralized zone below and to the east of the current resource. Highlights from the third set of results for 1,462 metres of drilling in three diamond drill holes and two extension holes: MK-18-205ext: 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 [...]
Monarch Gold Corp. is pleased to announce that it has closed a non?brokered private placement of an aggregate of 4,000,000 flow?through shares at a price of $0.25 per FT Share, for aggregate gross proceeds of $1,000,000. "We are pleased to have completed this private placement, which will be primarily used to fund our upcoming exploration [...]
Monarch Gold Corp. reported its results today for the second quarter ended December 31, 2019. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results Three months ended December 31 Six months ended December 31 2019 2018 2019 2018 Revenues 2,458,842 11,411,996 5,603,541 19,189,360 Gross margin 1,636,969 2,895,749 [...]
Program encounters more high-grade intersections at depth and to the north and east, with visible gold found in two of the three holes drilled. Best results from the second set of holes from the 10-hole program: Hole MK-19-246: 17.47 g/t Au over 0.8 metres and 7.98 g/t Au over 0.5 metres Hole MK-19-247: 7.01 g/t Au over 2.0 metres, including 19.74 [...]
The Corporation remained very active in the second quarter and expects 2020 to be very positive with regard to the development and exploration of its gold projects Monarch Gold Corp. is pleased to report its preliminary financial results and highlights for the second quarter ended December 31, 2019. Amounts are in Canadian dollars unless otherwise [...]
Program encounters more high-grade intersections at depth, with visible gold found in two of the first four holes drilled. Best results from the first four holes of the 10-hole program: Hole MK-19-241: 26.78 g/t Au over 2.1 metres, including 56.51 g/t Au over 0.5 metres and 47.78 g/t Au over 0.5 metres Hole MK-19-242: 5.51 g/t Au over 4.0 metres [...]
Combined transaction in the form of cash, shares and warrants valued at more than $1.5 million, with upside potential Monarch Gold Corp. is pleased to announce that it has completed the sale of its Simkar property to O3 Mining Inc. . The Simkar property is located 20 km east of Val-d'Or and includes two mining concessions and 15 claims covering [...]
Monarch Gold Corp. is pleased to announce the results of its annual general meeting of shareholders, which was held today at Manoir Saint-Sauveur, in Saint-Sauveur, Quebec. All of the nominees listed in the Corporation's management proxy circular dated November 7, 2019, were re-elected as directors. A total of 134 shareholders were represented in [...]
The new mining property consists of 24 claims located immediately west of the Wasamac deposit, which hosts a measured and indicated resource of 2.6 million ounces of gold . The fault hosting the Wasamac deposit appears to extend onto the property, which has not been the subject of work in the area. Monarch plans to carry out preliminary work to [...]
