The Corporation is launching the Environmental Impact Assessment and Review process with the goal of putting its Wasamac gold deposit into production. In December 2018, Monarch completed a positive feasibility study on Wasamac with the following results: Estimated average annual production of 142,000 ounces of gold over 11 years Pre-tax net present [...]
MONARCH GOLD CORPORATION reported its results today for the first quarter ended September 30, 2019. Amounts are in Canadian dollars unless otherwise indicated. Highlights First quarter revenues of $3.1 million from the sale of gold in inventory as at June 30, 2019, combined with the sale of a portion of the ounces recovered from the Camflo mill [...]
The appointment is aimed at strengthening the Board's expertise and the Corporation's ties with the national and international financial community MONARCH GOLD CORPORATION is pleased to announce the appointment of Laurie Gaborit as a director of the Corporation. Laurie Gaborit has over 20 years of investor relations and corporate communications [...]
The technical report shows a pit-constrained Indicated resource of 405,600 tonnes at an average grade of 5.42 g/t Au for a total of 70,630 ounces of gold, and an underground Indicated resource of 300,800 tonnes at an average grade of 4.17 g/t Au for a total of 40,380 ounces. The resource was calculated at a US$1,300 gold price with an exchange rate [...]
MONARCH GOLD CORPORATION reported its results today for the fourth quarter and fiscal year ended June 30, 2019. Amounts are in Canadian dollars unless otherwise indicated. Highlights Fourth quarter revenues of $7.3 million from the sale of 2,666 ounces of gold combined with revenue from custom milling. Fourth quarter net income of $0.9 million or [...]
Drilling program to follow-up on the solid high-grade results from the 2018 program, which included: 61.20 g/t Au over 2.6 metres, including 265.00 g/t Au over 0.6 metres in hole MK-18-196 24.40 g/t Au over 2.0 metres including 93.80 g/t Au over 0.5 metres in hole MK-18-216 Visible gold observed in 17 of the 61 holes drilled Goal is to increase the [...]
The new estimate shows a pit-constrained Indicated resource of 405,600 tonnes at an average grade of 5.42 g/t Au for a total of 70,630 ounces of gold, and an underground Indicated resource of 300,800 tonnes at an average grade of 4.17 g/t Au for a total of 40,380 ounces. The resource was calculated at a US$1,300 gold price with an exchange rate of [...]
Results from the 2019 diamond drilling program on Fayolle confirm the deposit's high-grade near-surface potential. Visible gold observed in many holes, such as hole FA-19-107, which intersected 50.94 g/t Au over 2.70 metres, including 124.08 g/t Au over 1.00 metre, and hole FA-19-103, which intersected 40.50 g/t Au over 4.86 metres, including [...]
A new 500 metre-long gold structure intersected in ten holes 90 metres south of the historic A and B gold zones , includes near-surface intercepts grading 7.6 g/t Au over 10.0 metres, 5.9 g/t Au over 11.5 metres and 3.1 g/t Au over 12.4 metres. Drilling program planned to follow-up on new discoveries. Monarch Gold Corp. is pleased to provide new [...]
High-grade gold deposit with an historical estimate of 548,500 tonnes grading 5.75 g/t Au This acquisition enhances Monarch's portfolio of similarly sized advanced projects, including the Beaufor, Croinor Gold, McKenzie Break and Swanson projects, located near the Camflo and Beacon mills MONARCH GOLD CORPORATION is pleased to announce the closing [...]
MONARCH GOLD CORPORATION is pleased to report its production and corporate highlights for the fourth quarter ended June 30, 2019. Amounts are in Canadian dollars unless otherwise indicated. Production highlights Monarch produced 3,572 ounces of gold in the fourth quarter, up 169% from the third quarter and down 24% from the 4,695 ounces produced [...]
MONARCH GOLD CORPORATION is pleased to announce that its wholly-owned subsidiary Louvem Mines Inc. has sold a 2% net smelter return royalty on certain claims of the Chimo Mine property to Cartier Resources Inc. in consideration of a cash payment of $350,000. Monarch acquired Louvem as part of the acquisition of Richmont Mines' Quebec assets in [...]
