Monarch Mining Corp. reported its results today for the first quarter ended September 30, 2022. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results Three-month periods ended September 30 2022 2021 Revenues 2,005,605 - Cost of sales - Loss from mine operations - Administration expenses Exploration expenses [...]
Monarch reports both high-grade and widespread gold assays in a fifth set of results from its 2021-2022 Swanson drilling program. Hole SW-22-025 intersected an impressive 11.07 g/t Au over 7.40 m within a much wider zone of 1.76 g/t Au over 101.85 m. Other notable results include 27.8 g/t Au over 0.60 m, 14.75 g/t Au over 0.5 m and 3.47 g/t Au over [...]
Monarch Mining Corp. reported its results today for the fourth quarter and year ended June 30, 2022. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results Three months ended June 30, Year ended June 30, 232 days ended June 30, 2022 2021 2022 2021 Operating expenses Administration expenses Exploration expenses Care [...]
Monarch Mining Corp. reports today that it has suspended its operations at the Beaufor Mine due to financial and operational challenges. The mine will be put on care and maintenance for an undetermined period. As reported on August 31, the slower ramp-up of the Beacon mill following a number of mechanical and procurement issues, as well as problems [...]
The Croinor Gold technical report shows an estimated Measured and Indicated mineral resource of 903,600 tonnes at an average grade of 6.47 g/t Au for a total of 187,900 ounces of gold, and an estimated Inferred mineral resource of 200,100 tonnes at an average grade of 6.19 g/t Au for a total of 39,800 ounces. The mineral resource was calculated at [...]
Monarch reports initial gold assays from its ongoing 2022 McKenzie Break drilling program. Hole MK-22-326A intersects an impressive 5.69 g/t Au over 9.69 m near surface. Other notable high-grade, near-surface intersections include 35.15 g/t Au over 0.95 m , 16.50 g/t Au over 0.78 m and 7.75 g/t Au over 2.54 m and 28.20 g/t Au over 0.66 m . Current [...]
Monarch reports both high-grade and widespread gold assays in a fourth set of results from its 2021-2022 Swanson drilling program. Hole SW-22-022 intersected an impressive 7.83 g/t Au over 8.82 m within a much wider zone of 0.99 g/t Au over 237.82 m. Other notable high-grade intersections include 10.25 g/t Au over 0.50 m , 7.07 g/t Au over 1.95 m [...]
Monarch Mining Corp. announces that it has made the decision to slow down mining operations at its wholly-owned Beaufor Mine, located east of Val-d'Or, Quebec. The Beacon Mill operations will not be impacted. The restart and ramp-up of the Beacon Mill have been slower than expected and the availability for the months of July and August has been [...]
Monarch reports high-grade gold assays in a third set of results from its 2021-2022 Swanson drilling program. Hole SW-22-023 intersected an impressive 18.18 g/t Au over 13.5 m along the down-plunge extension of the Swanson deposit, including higher-grade intervals of 117.91 g/t Au over 2.0 m and 2.75 g/t Au over 2.5 m. The Swanson deposit is [...]
Monarch Mining is pleased to report the results of its 2022 mineral resource estimate for its Croinor Gold project, located 55 km east of Val-d’Or. The mineral resource estimate assumes solely potential underground mining. The estimate was prepared by Olivier Vadnais-Leblanc, P.Geo., Carl Pelletier, P.Geo. and Eric Lecomte, P.Eng., of InnovExplo [...]
Monarch Mining is pleased to report the production of its first gold bar from its wholly-owned Beaufor Mine and Beacon Mill. During the production for the month of July, the Beacon Mill achieved a record day of 765 t of ore and ore recovery ranged from 96.3% to 98.7%. While this data is preliminary at this stage of the milling process, it is [...]
Monarch Mining is pleased to report additional results from its 2021-2022 underground drilling program at its wholly-owned Beaufor Mine gold project. The recently received results are from the W and 140 zones in the upper level of the Beaufor mine, and include 37.59 g/t Au over 2.5 m, 29.79 g/t Au over 2.45 m, 21.7 g/t Au over 2.87 m, 10.09 g/t Au [...]
