High-grade gold deposit with an historical estimate of 548,500 tonnes grading 5.75 g/t Au MONARCH GOLD CORPORATION is pleased to announce the signature of binding letters of intent for the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec Inc., formerly known as Aurizon Mines Ltd. and Typhoon Exploration Inc[...]
This prestigious trophy is awarded to mining producers with an exemplary accident prevention record MONARCH GOLD CORPORATION is pleased to announce that it has been awarded the 2018 F. J. O'Connell trophy in the "Underground Operations - Less than 400,000 hours worked" category for the Beaufor mine by the Québec Mining Association at its [...]
Strong contribution from custom milling operations MONARCH GOLD CORPORATION reported its results today for the third quarter ended March 31, 2019. Amounts are in Canadian dollars unless otherwise indicated. Highlights Third quarter revenues of $5.1 million from the sale of 1,427 ounces of gold combined with revenue from custom milling, which was [...]
The Corporation has acquired a block of 6.5 million shares of Unigold , a gold exploration company, which operates in the Dominican Republic. Unigold's main asset is the Neita concession, which hosts a deposit of over 2 million ounces of gold . The other major shareholders of Unigold are Osisko Gold Royalties Ltd. and Evanachan Limited , a company [...]
Custom milling operations at the Camflo mill contribute strongly to revenues Production at the Beaufor mine declines due to a lower production rate The Wasamac gold project continues to draw considerable interest from potential partners The Corporation completed a positive feasibility study on its Wasamac deposit during the second quarter , with [...]
Monarch Gold Corp. is pleased to announce that it has closed a second and final tranche of a non?brokered private placement for total gross proceeds of $2 million. This second tranche resulted in the issuance of an aggregate of 2,424,242 flow?through shares at a price of $0.33 per FT Share, for gross proceeds of $800,000. The aggregate gross [...]
Monarch Gold Corp. is pleased to announce that it has closed a non?brokered private placement of an aggregate of 3,636,364 flow?through shares at a price of $0.33 per FT Share, for aggregate gross proceeds of $1,200,000. The aggregate gross proceeds of the Offering will be used by the Corporation to incur exploration expenses on its mining [...]
Transaction will reduce Monarch's cost of acquiring McKenzie Break and Swanson properties by $800,000 Monarch Gold Corp. is pleased to report that it has sold a 0.5% Net Smelter Return royalty on the Pandora property to Agnico Eagle Mines Ltd.. The Pandora royalty was part of the assets that Monarch acquired from Richmont Mines in October 2017 [...]
2018 drilling program a total success, expanding the size of the McKenzie Break deposit and confirming its high-grade potential. Visible gold found in 17 of the 61 holes, including hole MK-18-196, which intersected 265.00 g/t Au over 0.6 metres, and hole MK-18-216 with 93.80 g/t Au over 0.5 metres Highlights of the third and last set of results for [...]
The Corporation continues to intersect high-grade gold structures and expand the gold potential of its McKenzie Break deposit. Visible gold found in 12 of the first 41 holes drilled to date, including hole MK-18-196 from the first set of results, which intersected 265.00 g/t Au over 0.6 metres. Highlights of the second set of results on the [...]
Initial drilling expands the high-grade gold potential of the McKenzie Break deposit and intersects new structures at depth Highlights of initial results on the 13,945-metre 2018 diamond drilling program: - Hole MK-18-196: 61.20 g/t Au over 2.6 metres, incl. 265.00 g/t Au over 0.6 metres - Hole MK-18-183: 24.70 g/t Au over 0.6 metres - Hole [...]
In the news release, Monarch Gold Announces Its Second Quarter Results, issued 14-Feb-2019 by Corporation Aurifère Monarques over CNW, we are advised by the company that both the sub headline and second bullet under the Highlights section should read "earnings" rather than "income". Also, in the table titled "Summary of financial results [...]
