Wednesday, October 8, 2025

Latest

Monarch Mining Releases Updated Resource Estimate For McKenzie Break

Monarch Mining (TSX: GBAR) this morning released an update mineral resource estimate for its McKenzie Break property, located north of Val-d’Or Quebec. The updated estimate has reportedly seen a 44% increase in indicated gold resources, and close to a 300% increase in inferred gold resources.

The updated resource estimate is a result of drilling that took place on the property from 2018 through to 2020, following the acquisition from Agnico Eagle Mines in 2017. A total of 75 drill holes were conducted in that time with a total drill length of 20,037 metre that has now been included in the property’s resource estimate.

The new resource estimate, on a combined basis for constrained pit and underground models, now consists of 145,982 ounces of gold on an indicated basis at an average grade of 2.48 g/t, as well as 250,983 ounces of gold on an inferred basis at an average grade of 2.34 g/t gold. Additional drilling is expected to further increase and expand the current estimate.

The company has indicated that it will continue to develop the property through additional drill programs, however further details were not provided.

Monarch Mining last traded at $1.16 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

IAMGOLD Sees Work Stoppage At Rosebel Gold Mine Due To COVID-19 Infections

IAMGOLD (TSX: IMG) announced this morning that work has stopped at its Rosebel Gold Mine...

Wednesday, June 17, 2020, 09:16:04 AM

Wallbridge Releases Further Drill Results From Tabasco, Cayenne Zones

Wallbridge Mining Company Limited (TSX: WM) today released the company’s assay results from its drill...

Wednesday, June 2, 2021, 09:51:00 AM

Goldman Sachs Upgrades Gold Price Forecast in Light of Growing Demand

Goldman Sachs has upgraded its gold price forecast for the current year, citing a shift...

Wednesday, March 9, 2022, 03:09:00 PM

Max Resource Reports 18.8 G/t Gold Over 16 Metres In Historic Core At RT Gold Property

Max Resource Corp (TSXV: MXR) this morning released assay results for its RT Gold project...

Monday, December 21, 2020, 07:50:44 AM

Gold Demand Is Real This Time | John-Mark Staude – Riverside Resources

In this conversation, John-Mark Staude, CEO of Riverside Resources Inc. (TSXV: RRI), talks about current...

Sunday, July 20, 2025, 12:39:00 PM