• Resources
  • Blog
  • Journalists
  • Webcasts
  • Data Privacy
  • Français
  • my CNW 
    • Login
    • Register
  • Client Login 
    • Online Member Centre
    • Next Gen Communications Cloud
    • Cision Communications Cloud®
  • Sign Up
  • Send a Release
Cision Canada
  • News
  • Products
    • Overview
    • Cision Communications Cloud®
    • Monitoring
    • Distribution
    • Multimedia
    • Measurement & Analytics
    • IR
  • Contact
    • Become a Client
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • General Enquiries
    • Media

 

When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
Advanced Search
    Advanced Search
  • News in Focus
      • Browse News Releases
      • All News Releases
      • All Public Company


      • News Releases Overview
      • Multimedia Gallery
      • All Multimedia
      • All Photos
      • All Videos


      • Multimedia Gallery Overview
      • Trending Topics
      • All Trending Topics


  • Business
      • Auto & Transportation
      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation


      • Auto & Transportation Overview
      • Business Technology
      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors


      • Business Technology Overview
      • Entertain­ment & Media
      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television


      • Entertain­ment & Media Overview
      • Financial Services & Investing
      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Stock Offering
      • Stock Split
      • Venture Capital


      • Financial Services & Investing Overview
      • General Business
      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News


      • General Business Overview
  • Science & Tech
      • Consumer Technology
      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications


      • Consumer Technology Overview
      • Energy & Natural Resources
      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities


      • Energy & Natural Resources Overview
      • Environ­ment
      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters


      • Environ­ment Overview
      • Heavy Industry & Manufacturing
      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco


      • Heavy Industry & Manufacturing Overview
      • Telecomm­unications
      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications


      • Telecomm­unications Overview
  • Lifestyle & Health
      • Consumer Products & Retail
      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys


      • Consumer Products & Retail Overview
      • Entertain­ment & Media
      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television


      • Entertain­ment & Media Overview
      • Health
      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine


      • Health Overview
      • Sports
      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories


      • Sports Overview
      • Travel
      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry


      • Travel Overview
  • Policy & Public Interest
      • Policy & Public Interest
      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Canadian Federal Government
      • Canadian Municipal Government
      • Canadian Provincial Government
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy


      • Policy & Public Interest Overview
  • People & Culture
      • People & Culture
      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women


      • People & Culture Overview
  • Overview
  • Cision Communications Cloud®
  • Monitoring
  • Distribution
  • Multimedia
  • Measurement & Analytics
  • IR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Cision Canada
  • Send a Release
  • FR
    • Phone

    • 877-269-7890 from 8 AM - 10 PM ET

    • ALL CONTACT INFO

      Contact Cision

      877-269-7890
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Business
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Policy & Public Interest
    • Policy & Public Interest
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • People & Culture
    • People & Culture
    • Send a Release
    • Sign Up
    • Log In
    • Resources
    • Blog
    • Journalists
    • RSS
    • GDPR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Overview
  • Cision Communications Cloud®
  • Monitoring
  • Distribution
  • Multimedia
  • Measurement & Analytics
  • IR
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR
  • Become a Client
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • General Enquiries
  • Media
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Resources
  • Blog
  • Journalists
  • Webcasts
  • GDPR

Monarch Gold Intersects 50.94 g/t Au Over 2.70 Metres and 40.50 g/t Au Over 4.86 Metres at its Newly Acquired Fayolle Project Français

Logo: Monarch Gold - Emerging gold mining company in Abitibi (CNW Group/Monarch Gold Corporation)

News provided by

Monarch Gold Corporation

Sep 05, 2019, 07:45 ET

Share this article

Share this article


  • 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 132.01 g/t Au over 1.00 metre.
  • Other results from the 586-metre drilling program include:
    • Hole FA-19-103: 8.37 g/t Au over 6.10 metres, including 30.72 g/t Au over 1.00 metre, 17.23 g/t Au over 5.30 metres, including 43.79 g/t Au over 1.55 metres and 11.03 g/t Au over 7.50 metres, including 73.11 g/t Au over 0.56 metres.
    • Hole FA-19-108: 37.97 g/t Au over 2.98 metres, including 43.73 g/t Au over 1.45 metres.
    • Hole FA-19-109: 15.79 g/t Au over 4.00 metres, including 31.46 g/t Au over 1.60 metres.

MONTREAL, Sept. 5, 2019 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report the assay results from the 2019 diamond drilling program at its newly acquired, wholly owned Fayolle gold project 35 kilometres north east of Rouyn-Noranda, near its Camflo mill. A total of 586 metres were drilled in 14 holes. The purpose of the program was to drill infill holes in the centre of the deposit and around the known limits of the mineralization.

Hole FA-19-107, which was drilled to intersect the southern part of the deposit, returned 50.94 g/t Au over 2.70 metres, including 124.08 g/t Au over 1.00 metre. Specks of gold were visible throughout the sample interval.

Hole FA-19-103, drilled in the centre of the deposit, 25 metres northeast of hole FA-19-107, returned 40.50 g/t Au over 4.86 metres, including 132.01 g/t Au over 1.00 metre, with multiple grains of visible gold in the sample interval. Sampling started at 2.64 metres down the hole, confirming the near-surface mineralization.

Hole FA-19-103 also returned an assay of 8.37 g/t Au over 6.10 metres (from 8.90 to 15.00 metres), including 30.72 g/t Au over 1.00 metre. The hole intersected two other economic intervals as well, returning 17.23 g/t Au over 5.3 metres (from 21.70 to 27.00 metres), including 43.79 g/t Au over 1.55 metres, and 11.03 g/t Au over 7.5 metres (from 34.5 to 42.0 metres), including 73.11 g/t Au over 0.56 metres.

"These results continue to confirm Fayolle's high grade status and near surface potential," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "We are very enthusiastic about this acquisition, which fits perfectly with our strategy of developing near-surface gold deposits to feed our Camflo and Beacon mills. As such, we believe that Fayolle could become a very valuable asset for Monarch."

2019 drill results for the Fayolle property:







Hole

Hole

From

To

Width*

Grade Au

number

length (m)

(m)

(m)

(m)

(g/t)

FA-19-101

39

31.26

33.00

1.74

0.06

FA-19-102

37

18.00

21.00

2.00

1.33

FA-19-103

42

2.64

7.50

4.86

40.50

Including


5.00

6.00

1.00

132.01



8.90

15.00

6.10

8.37

Including


14.00

15.00

1.00

30.72



21.70

27.00

5.30

17.23

Including


24.00

25.55

1.55

43.79



34.50

42.00

7.50

11.03

Including


35.84

36.40

0.56

73.11

FA-19-104

0

Abandoned

FA-19-105

36

5.65

7.40

1.75

2.27

FA-19-106

39

14.85

20.10

5.25

9.70

Including


14.85

15.52

0.67

18.54

Including


17.82

19.00

1.18

16.24

FA-19-107

45

20.30

23.00

2.70

50.94

Including


22.00

23.00

1.00

124.08

FA-19-108

45

0.00

3.05

3.05

5.08



8.60

11.58

2.98

37.97

Including


8.60

10.05

1.45

43.73

FA-19-109

36

5.50

9.00

3.50

2.98



11.00

15.00

4.00

15.79

Including


12.00

13.60

1.60

31.46

FA-19-110

42

7.80

8.50

0.70

0.15

FA-19-111

51

28.00

30.00

2.00

5.30

FA-19-112

42

12.50

15.80

3.30

4.19



18.00

25.00

7.00

1.27

FA-19-113

45

22.00

27.15

5.15

7.09

FA-19-114

45

13.50

18.00

4.50

0.26

FA-19-115

42

26.60

29.60

3.00

4.25



38.00

42.00

3.00

3.31

Total

586






*The widths shown are core lengths.

The Fayolle deposit is a high-grade folded gold deposit hosted in ultramafics, injected with syenite and lamprophyre dykes. The mineralization is hosted where the ultramafics are brecciated and in the syenite dykes. Narrow lamprophyre dykes, 10 to 20 cm, which crosscut the ultramafics seem to play a role in the precipitation of the gold adjacent to the dykes.

Sampling normally consists of sawing the core into equal halves along its main axis and shipping one of the halves to the Bourlamaque Assays Laboratories Ltd. in Val-d'Or, Quebec for assaying. The samples are crushed, pulverized and assayed by a standard fire assay procedure on 30-gram subsamples, with atomic absorption spectrometry finish. Results exceeding 10.0 g/t Au are re-assayed using the gravimetric finish method. A comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates, was used.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation's qualified person under National Instrument 43-101.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns over 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor mine, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

www.monarquesgold.com

SOURCE Monarch Gold Corporation

For further information: Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected]; Mathieu Séguin, Vice President, Corporate Development, 1-888-994-4465, [email protected]; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, [email protected]

Related Links

http://www.monarquesgold.com/en/

Modal title

Organization Profile

Monarch Gold Corporation

    Also from this source

  • Monarch Mining Updates Mineral Resource at the Beaufor Mine...

  • Monarch Gold Receives Final Court Approval for the Plan of...

  • Monarch Gold Intersects 35.87 g/t Au Over 9.8 Metres (32 Feet)...

    Contact Cision

  • 877-269-7890
    from 8 AM - 10 PM ET

    • Become a Client
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • General Enquiries
    • Media
    • Worldwide Offices

    Products

  • Cision Communications Cloud®
  • Media Monitoring
  • Content Distribution
  • Multimedia Distribution
  • Measurement & Analytics
  • Investor Relations

    About

  • About Cision Canada
  • About Cision
  • Media Partners
  • Careers

    My Services

  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud®
  • my CNW

Contact Cision


Products


About


My Services
  • All News Releases
  • Online Member Centre
  • Next Gen Communications Cloud
  • Cision Communications Cloud
  • my CNW
877-269-7890
from 8 AM - 10 PM ET
  • Terms of Use
  • Information Security Policy
  • Site Map
  • Cookie Settings
  • Accessibility Statement
Copyright © 2021 CNW Group Ltd. All Rights Reserved. A Cision company.