Category: Silver / Gold
- Published: 03 February 2017
- Written by Editor
Monarques drills 0.6 m of 46.6 g/t gold at Croinor
2017-02-02 09:58 ET - Mr. Jean-Marc Lacoste reports:
Monarques Gold Corp. has released the latest results for the 10,000-metre drilling program carried out in 2016 on its Croinor gold deposit, 70 kilometres east of Val d'Or, Que. The corporation is still awaiting the assay results for the last two exploration holes drilled in the Gold Bug area.
Hole CR-16-515 returned two mineralized intersections, one grading 6.74 grams per tonne (g/t) gold over 2.1 metres, including 24.7 g/t gold over 0.5 metre, and the other grading 11.91 g/t gold over 2.8 metres, including 46.6 g/t gold over 0.6 metre. The hole was drilled on section 490W and intersected the two veins at 133 and 150 vertical metres, enabling Monarques to increase its indicated resource and thus achieve the second objective of its Croinor gold drilling program. The reported lengths are core lengths, as the true lengths cannot be estimated. High grades were cut to 70 g/t gold, the same grade used in the Croinor gold deposit resource estimate.
"The 2016 drilling campaign on the Croinor gold deposit is ending on a high note," said Jean-Marc Lacoste, president and chief executive officer of Monarques. "The very encouraging recent results for Croinor gold have led us to pursue our work in 2017 with a new program of 10,000 metres of drilling. The new program is already under way and is also aimed at increasing the indicated resource of the Croinor gold deposit. To achieve that objective, we will have another look at the best intersections of the 2016 program and test deeper targets on the most promising sections. In terms of exploration drilling, we will define our strategy once all the assay results are in, but it is worth noting that the latest results on Gold Bug have confirmed the potential of this new area."
The attached table shows the results for the 2016 drilling program on Croinor gold.
Hole No. From To Length Grade Comments
(m) (m) (m) (g/t Au)
CR-16-481 NSV
CR-16-482 NSV
CR-16-483 NSV
CR-16-484 189.00 193.00 4.0 5.90 5.9 g/t over four metres, including
18.4 g/t over one metre
CR-16-484 213.00 214.00 1.0 0.38
CR-16-486 205.00 206.50 1.5 5.10
CR-16-486 209.00 210.00 1.0 1.33
CR-16-486 215.90 216.80 0.9 0.76
CR-16-486 218.90 219.90 1.0 0.95
CR-16-486 220.70 221.50 0.8 0.68
CR-16-487 263.80 265.30 1.5 4.51
CR-16-487 265.90 266.40 0.5 0.68
CR-16-487 268.60 269.40 0.8 2.31
CR-16-487 306.80 307.30 0.5 0.30
CR-16-487 313.90 314.90 1.0 0.90
CR-16-487 317.50 318.30 0.8 0.71
CR-16-487 282.20 283.20 1.0 1.72
CR-16-489 269.10 270.60 1.5 4.00
CR-16-489 272.60 273.60 1.0 1.16
CR-16-489 278.50 279.00 0.5 0.53
CR-16-489 286.50 288.70 2.2 8.58 8.58 g/t over 2.2 metres, including
16.5 g/t over 1.1 metres
CR-16-489 331.10 332.00 0.9 1.41
CR-16-489 332.00 333.00 1.0 0.63
CR-16-489 333.00 334.10 1.1 0.30
CR-16-493 258.50 259.50 1.0 0.39
CR-16-493 261.50 262.40 0.9 0.81
CR-16-493 282.40 283.00 0.6 0.59
CR-16-493 284.00 284.80 0.8 0.97
CR-16-493 312.50 313.40 0.9 1.98
CR-16-493 313.40 314.40 1.0 0.53
CR-16-497 165.60 166.60 1.0 3.13
CR-16-497 231.00 232.00 1.0 0.53
CR-16-497 232.50 233.00 0.5 2.90
CR-16-498 451.50 452.50 1.0 0.35
CR-16-500 293.00 294.00 1.0 0.88
CR-16-500 297.00 298.00 1.0 2.68
CR-16-500 306.00 306.50 0.5 1.23
CR-16-500 309.90 314.00 4.1 2.41
CR-16-500 343.00 344.00 1.0 1.08
CR-16-500 359.90 360.80 0.9 0.57
CR-16-500 390.50 391.30 0.8 0.47
CR-16-500 391.30 392.00 0.7 0.48
CR-16-500 396.50 397.50 1.0 0.85
CR-16-502 99.00 100.00 1.0 1.43
CR-16-504 NSV
CR-16-505 255.00 255.60 0.6 0.66
CR-16-505 288.50 290.80 2.3 23.27 23.27 g/t over 2.3 metres, including
58.6 g/t over 0.9 metre
CR-16-505 293.10 293.60 0.5 1.63
CR-16-506 230.60 231.50 0.9 3.26
CR-16-506 233.50 234.00 0.5 0.34
CR-16-506 236.00 239.20 3.2 3.95 3.95 g/t over 3.2 metres, including
15.7 g/t over 0.7 metre
CR-16-506 247.80 248.30 0.5 0.36
CR-16-508 180.00 180.80 0.8 0.87
CR-16-508 212.50 213.50 1.0 0.74
CR-16-508 219.80 220.60 0.8 5.62
CR-16-509 289.10 291.30 2.2 2.98
CR-16-509 383.80 384.80 1.0 2.66
CR-16-510 231.00 232.50 1.5 8.74
CR-16-511 0.0 NSV
CR-16-512 35.40 37.20 1.8 4.44
CR-16-512 67.60 68.40 0.8 0.48
CR-16-512 153.80 154.80 1.0 0.42
CR-16-512 155.80 156.90 1.1 0.55
CR-16-512 156.90 157.60 0.7 0.92
CR-16-512 256.20 257.30 1.1 0.87
CR-16-512 262.00 271.90 9.9 12.71 12.71 g/t over 9.9 metres, including
43.3 g/t over one metre and
43.9 g/t over one metre
CR-16-512 278.30 279.10 0.8 5.70
CR-16-515 78.40 79.30 0.9 1.83
CR-16-515 130.90 131.40 0.5 0.33
CR-16-515 132.10 134.20 2.1 6.74
CR-16-515 150.20 153.00 2.8 11.91 11.91 g/t over 2.8 metres, including
46.6 g/t over 0.6 metre
CR-16-516 159.20 159.90 0.7 1.53
CR-16-516 159.90 160.50 0.6 0.80
CR-16-516 160.50 161.00 0.5 1.38
CR-16-516 162.30 163.20 0.9 0.44
CR-16-516 165.80 166.60 0.8 2.85
CR-16-516 191.80 192.70 0.9 0.51
CR-16-516 192.70 193.60 0.9 0.34
CR-16-516 194.30 195.00 0.7 0.81
CR-16-516 194.30 195.80 1.5 5.11
NSV : non-significant value
High cut-off grade: 70 g/t
The attached table shows the results for the 2016 drilling program on the Gold Bug sector.
Hole No. From To Length Grade Comments
(m) (m) (m) (g/t Au)
CR-16-484 189.00 193.00 4.0 5.90 5.9 g/t over four metres, including
18.4 g/t over one metre
CR-16-484 213.00 214.00 1.0 0.38
CR-16-488 24.75 26.00 1.25 3.89
CR-16-490 27.60 28.00 0.4 0.33
CR-16-490 34.00 35.00 1.0 1.01
CR-16-491 42.00 43.00 1.0 0.74
CR-16-492 67.00 67.60 0.6 0.71
CR-16-492 67.60 68.10 0.5 1.80
CR-16-492 124.00 125.00 1.0 0.48
CR-16-492 137.00 138.00 1.0 1.34
CR-16-492 138.00 139.00 1.0 0.98
CR-16-494 89.80 90.25 0.45 7.19
CR-16-495 29.38 30.00 0.62 0.33
CR-16-496 89.00 90.00 1.0 1.34
CR-16-496 91.00 92.00 1.0 0.36
CR-16-499 15.00 16.52 1.52 6.30
CR-16-501 24.00 25.00 1.0 2.24
CR-16-501 25.00 26.00 1.0 0.66
CR-16-501 27.00 28.00 1.0 0.98
CR-16-517 46.00 48.00 2.0 0.74
CR-16-517 55.40 59.72 4.32 1.30 1.3 g/t over 4.3 metres, including
4.5 g/t over 0.72 metre
CR-16-517 67.00 69.00 2.0 0.77
CR-16-517 69.75 70.30 0.55 0.44
CR-16-517 86.00 89.00 3.0 1.85
CR-16-517 133.90 135.00 1.1 2.44
CR-16-517 138.00 139.00 2.0 0.41
CR-16-518 88.00 89.00 1.0 0.92
CR-16-518 90.00 92.00 2.0 0.48
CR-16-518 102.52 103.50 0.98 1.24
CR-16-518 154.61 155.61 1.0 1.25
CR-16-519 74.00 75.00 2.0 2.72
CR-16-520 35.60 41.73 6.13 0.86
CR-16-521 29.00 54.00 25.0 8.41 8.41 g/t over 25 metres, including
36.1 g/t over three metres and
39.35 g/t over two metres
CR-16-521 74.00 75.00 1.0 1.02
CR-16-521 82.00 110.00 28.0 0.47
CR-16-521 130.80 131.27 0.47 0.51
CR-16-521 141.00 156.00 15.0 1.13
CR-16-521 165.85 169.00 3.15 1.81
NSV : non-significant value
High cut-off grade: 70 g/t
The technical and scientific content of this press release has been reviewed and approved by Donald Trudel, PGeo, BSc, the corporation's qualified person under National Instrument 43-101.
Sampling normally consisted of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val d'Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding three g/t are reassayed using the gravity method. Samples containing gold grains are assayed using the metallic sieve method at the ALS Minerals laboratory in Val d'Or. Monarques has established a full QA/QC (quality assurance/quality control) protocol, including the insertion of standards, blanks and duplicates.
