Bonanza grades as much as 74 g/t gold for Monarch at McKenzie Break

Good grades have been additionally drilled 100 metres northeast of the present assets in gap MK-21-290, which returned 4 g/t gold over 1 metre, adopted by a deeper zone grading 8 g/t over 1 metre. Fifty metres to the west, gap MK-21-290 returned 4.5 g/t gold over 1 metre and 5.5 g/t gold over 1 metre.

Monarch additionally did infill drilling on 50-metre centres east of the deposit. Gap MK 21-288 returned 12.8 g/t gold over 1.7 metres; gap MK-21-295 returned 12 g/t gold over 0.8 metre and 4.29 g/t gold over 2.6 metres; gap MK-21-297 returned 10.9 g/t gold over 0.6 metre; gap MK-21-299 returned 12.3 g/t gold over 0.8 metre; and gap MK-21-300 returned 10.2 g/t gold over 1.1 metres.

The McKenzie Break undertaking is situated 25 km north of the corporate’s wholly owned 750-t/d Beacon gold mill. The property has an indicated useful resource of 1.8 million tonnes grading 1.8 g/t gold for it pit-constrained portion and 5.03 g/t for the underground portion, containing about 146,000 ozof gold. The inferred useful resource is 3.3 million tonnes grading 1.44 g/t gold for the open pit portion and 4.21 g/t for the  underground portion, containing a complete of 250,000 oz. of gold.

Monarch will full this 12 months’s drilling on 50-metre centres and start a brand new program subsequent 12 months to broaden the assets the present pit shell useful resource and up to date intercepts 1 km to the south.

(This text first appeared within the Canadian Mining Journal)


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