Monarch Mining Expands McKenzie Break To The South With 36 Additional Claims

Monarch Mining Corp (TSX: GBAR) this morning significantly expanded the size of its McKenzie Break property, adding 19.4 square kilometres of claims to the Val-d’Or property. The property was significantly expanded following the staking of additional claims.

The expansion saw the staking of 36 additional claims to the south of the current property boundaries. In total, the property now covers a total of 70.7 square kilometres, with the recent staking focused on covering the extension of favourable geology and magnetics signatures on the property.

The currently ongoing 14,500 drill program is also now slated to test recent locations on these new claims. The new area is reportedly geologically and geophysically similar to the area where Monarch has already seen success on the property. The property as a whole currently has a resource consisting of 145,982 indicated ounces of gold, as well as 250,593 inferred ounces of gold within both a pit constrained and underground model.

Monarch Mining last traded at $0.88 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned above. The author has no securities or affiliations related to these organizations. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Emerita Resources Formally Appeals Administrative Ruling On Aznalcóllar Related To 2017 Complaint 

Related News

Monarch Mining “Slows Down” Operations At Beaufor Mine Due To Milling Issues

Monarch Mining (TSX: GBAR) is evidently having operational and cash problems. The firm last night...

Thursday, September 1, 2022, 08:41:09 AM

Gold Royalty Looks To Acquire Royalties On Monarch Mining Properties For $15 Million

Gold Royalty Corp. (NYSE: GROY) announced today that it has signed a definitive agreement to...

Friday, July 23, 2021, 09:15:00 AM

Monarch Mining Forced Into Creditor Protection By Investissement Quebec

Less than two weeks after Investissement Quebec called in a loan on Monarch Mining (TSX:...

Wednesday, November 15, 2023, 11:11:17 PM

Monarch Mining Upgrades Resource At Beaufor Mine To 92,700 Measured & Indicated Gold Ounces

Monarch Mining Corp (TSX: GBAR) this morning released an updated mineral resource estimate for its...

Thursday, January 28, 2021, 07:50:11 AM

Gold Royalty Updates Stakeholders With Royalties Portfolio Following Abitibi, Golden Valley Acquisition Announcement

Gold Royalty Corp. (NYSE: GROY) announced this morning the portfolio of the resulting royalty company...

Monday, September 27, 2021, 10:38:00 AM