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Monarch Mining Increases the Size of its McKenzie Break Property
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Monarch Mining Increases the Size of its McKenzie Break Property
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Monarch Mining grows McKenzie Break gold resources
Core samples from Monarch Gold s McKenzie Break gold project in Quebec. Photo Credit: Monarch Gold.
After completing a Plan of Arrangement with
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) in January,
Monarch Mining (TSX: GBAR) is now working to advance spin-out assets within the new company. Monarch has released an updated resource estimate for the McKenzie Break property in Quebec, 25 km north of Val-d’Or.
Pit-constrained indicated resources at the site total 1.4 million tonnes grading 1.8 grams gold per tonne for a total of 83,305 gold oz. with an additional 2.2 million pit-constrained inferred tonnes at 1.44 grams gold per tonne for a further 104,038 gold ounces. The underground inventory includes 387,720 indicated tonnes grading 5.03 grams gold that contains 62,677 oz. of gold and 1.1 million inferred tonnes at 4.21 grams gold for an additional 146,555 gold ounces.
Monarch Mining Reports a Significant Resource Increase at its Mckenzie Break Property
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44% increase in the Indicated resource to 145,982 ounces of gold and nearly 300% increase in the Inferred category to 250,593 ounces of gold
Monarch now has 588,482 ounces of combined measured and indicated resources and 329,393 ounces of combined inferred resources from its four gold deposits in Abitibi, Québec (see Table 2 at the end of the release)
MONTRÉAL, Feb. 8, 2021 /PRNewswire/ -
MONARCH MINING CORPORATION (
Monarch or the
Corporation ) (TSX: GBAR) is pleased to announce an updated mineral resource estimate dated February 1, 2021, for its wholly-owned McKenzie Break project, 25 kilometres north of Val-d Or, Québec.
Monarch Mining Reports Resource Increase at its Swanson Property
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