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Gold retakes $1,300 level for first time in 9 months $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 11:50 AM on Friday, August 18th, 2017

  • Gold futures on Friday were trading above $1,300 for the first time in 2017 and were on track for their third straight daily gain, as precious metals drew haven demand
  • Sparked by a selloff in a global equities, a terrorist attack in Barcelona and concerns about President Donald Trump’s pro-business agenda

Gold for December delivery GCZ7, +0.60%  gained $8.60, or 0.7%, at $1,301.90 an ounce, marking the highest level for a most-active contract since Nov. 4, according to FactSet data. The yellow metal also is on pace for a weekly gain of about 0.5% based on last Friday’s closing level.

Meanwhile, September silver SIU7, +0.25%  also rose, picking up 12 cents, or 0.7%, at $17.170 an ounce, on track for a weekly gain of about 0.6% and its highest closing level since around June.

A flight to assets perceived as safe has been underpinned by Thursday’s selloff in equities, highlighted by the worst downdraft for the Dow Jones Industrial Average DJIA, -0.28% and S&P 500 index SPX, -0.16%  since May 17.

Selling accelerated on Thursday, and threatened to continue to undercut sentiment on Friday, after a van plowed into crowds in one of Barcelona’s tourist venues, killing at least 13 people and injuring scores. Islamic State has claimed responsibility for the terror attack.

So-called risk assets, like stocks, had been riding higher drawing concerns that equities have become too richly priced making them vulnerable to a sharp slide after a run of repeated records and an erosion of confidence in Trump’s ability to enact policies that would help to boost the U.S. economy.

Markets were roiled Wednesday by unfounded rumors that presidential economic adviser Gary Cohn, a former Goldman Sachs executive, was set to resign his post as White House economic adviser in response to the president’s reaction to a white-supremacist rally that left one woman, Heather Heyer, dead. Trump’s response to the rally has caused a furor among business leaders.

That political turmoil has thrown into question Trump’s ability to follow through on campaign promises, including pledges on deregulation, tax cuts and a boost to infrastructure spending that had helped propel risk assets higher and gold lower.

However, mounting headwinds in the stock market have provided a path for gold and Treasury notes to climb higher.

The 10-year Treasury note TMUBMUSD10Y, -0.60%  was recently yielding 2.19%, compared with about 2.24% at the start of the week. Bond prices move inversely to yields.

Lower bond yields can help to support buying of precious metals, which don’t offer a yield.

Weakness in the U.S. dollar, buffeted by the trove of risk factors, including concerns that the Federal Reserve will be hesitant to lift interest rates further this year, also has helped to lift gold’s price. The ICE U.S. Dollar Index DXY, -0.24% which measures the buck against six rival currencies, was off 0.1% and down on the day, although it has climbed 0.5% this week.

A softer dollar makes purchasing assets priced in the currency more attractive to buyers using weaker monetary units.

In exchange-traded funds, SPDR Gold Shares GLD, +0.45%  was up 0.5%, the miner-focused VanEck Vectors Gold Miners ETF GDX, +1.24% gained 1% and iShares Silver Trust SLV, +0.25%  was trading 0.7% higher.

Source: http://www.marketwatch.com/story/gold-retakes-1300-level-for-first-time-in-9-months-2017-08-18?siteid=

Monarques $MQR.ca Croinor #Gold Property, A Gold Project Currently At The Prefeasibility Stage

Posted by AGORACOM-JC at 4:52 PM on Thursday, August 17th, 2017

Monarquesgold hub large

Why Monarques Gold?

  • Flagship Croinor Gold Mine Has Great Potential To Become A Producer
  • Company Is Well Financed, Including $9 Million In Credits From Quebec Government
  • Recently acquired 750 ton-per-day Beacon mill
  • Major Shareholders include: Rob McEwen and Nemaska Lithium

Monarques Gold $MQR.ca Intersects 23.20 G/T AU Over 0.4 M and 15.85 G/T AU Over 1 M on Simkar #Gold

Posted by AGORACOM-JC at 8:59 AM on Wednesday, August 16th, 2017

To be the leading explorer and developer of gold properties in the Val D'Or / Abitibi Camp (CNW Group/Monarques Gold Corporation)

  • 11.30 g/t Au over 0.7 metres in Hole CR-17-03;
  • 15.85 g/t Au over 1.0 metres in Hole CR-17-04;
  • 14.85 g/t Au over 0.7 metres in Hole CR-17-05;
  • 23.20 g/t Au over 0.4 metres in Hole CR-07-06.

The Corporation intercepts multiple gold-bearing zones in the western extension of Diorite A

MONTREAL, Aug. 16, 2017 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to report the results for the 2,500-metre drilling program on its Simkar Gold property, located approximately 20 kilometres east of Val-d’Or, Quebec, and less than 3 kilometres from the Company’s Beacon Gold mill (see map).

The program was designed to test the western extension of the “Diorite A”-hosted gold-bearing zone containing some of the mineralization of the Louvicourt Goldfields mine located at the centre of the Simkar Gold property, which was in production from 1945 to 1949 and 1987 to 1993. The four drill holes of the program (Figure 1) confirmed the presence of multiple gold zones in the western extension of “Diorite A”, with results including: 11.30 g/t Au over 0.7 metres in Hole CR-17-03; 15.85 g/t Au over 1.0 metres in Hole CR-17-04; 14.85 g/t Au over 0.7 metres in Hole CR-17-05; and 23.20 g/t Au over 0.4 metres in Hole CR-07-06. The overall results for the program were as follows:

Hole

From
(m)

To
(m)

Length
(m)

Au
(g/t)

SK-17-03

78.6

81.3

2.7

2.96

including

79.6

80.3

0.7

11.30

SK-17-03

177

198.1

21.1

1.02

including

183.75

192

8.25

1.97

SK-17-03

420

420.3

0.3

5.46

SK-17-03

428.7

429

0.3

1.20

SK-17-03

439.4

440.2

0.8

1.74

SK-17-03

482

497.1

15.1

1.35

including

486.7

489.4

2.7

3.53

SK-17-03

493.8

496.6

2.8

3.21

SK-17-04

9.5

38.6

29.1

0.71

including

14.9

16.7

1.8

3.30

including

23.9

25

1.1

3.05

including

29

33.1

4.1

1.93

SK-17-04

59.6

60.3

0.7

2.77

SK-17-04

174.3

177.2

2.9

2.27

including

174.3

175.3

1

6.43

SK-17-04

199.2

200.2

1

3.22

SK-17-04

420

421

1

2.77

SK-17-04

471.5

472.1

0.6

1.62

SK-17-04

521

522

1

15.85

SK-17-05

90

94.2

4.2

3.34

including

92.4

93.1

0.7

14.85

SK-17-05

100.3

101

0.7

3.51

SK-17-05

448.7

449.5

0.8

1.08

SK-17-05

561.5

562

0.5

1.25

SK-17-06

304.1

304.7

0.6

2.22

SK-17-06

354.4

354.8

0.4

23.20

SK-17-06

474

474.5

0.5

3.47

SK-17-06

556.5

556.8

0.3

4.59

SK-17-06

587.7

588

0.3

1.96

 

The widths shown are core lengths; true width cannot be estimated.

“We are pleased with the results at Simkar Gold, particularly given that our four holes intercepted multiple mineralized zones down to a depth of around 600 metres, including a few sections with high gold grades,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Clearly, the Simkar Gold property has good gold potential that we will continue to test during our next phase of work. Our objective is to increase the resources on our gold properties around the Beacon mill with a view to eventually producing at full capacity.”

The technical and scientific content of this press release has been reviewed and approved by Vincent Jourdain, Eng., Ph.D.  Mr. Jourdain is employed by MRB & Associates and is a 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 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break, as well as its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.

(Watch our latest Corporate Video)

Forward-Looking Statements

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

SOURCE Monarques Gold Corporation

 

View original content with multimedia: http://www.newswire.ca/en/releases/archive/August2017/16/c2805.html

Jean-Marc Lacoste, President and CEO, 1-888-994-4465 x 201, jm.lacoste@monarquesgold.com, www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465 x201, e.tremblay@monarquesgold.com, www.monarquesgold.comCopyright CNW Group 2017

Far East Tensions Cause Gold Prices to Perk, GREAT News for…$AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 12:34 PM on Friday, August 11th, 2017
  • Gold soared to two-month highs on Friday, as investors of all stripes sought refuge from the uncertainty of escalating tensions between North Korea and the United States

U.S President Donald Trump warned North Korea again on Thursday not to strike Guam or U.S. allies, saying his earlier threat to unleash “fire and fury” on Pyongyang if Kim Jong-un launched an attack may not have been tough enough.

Spot gold was up 0.3% at $1,290.36 U.S. per ounce, set for its biggest weekly gains since April. It earlier hit its highest since June 8 at $1,288.97 U.S. an ounce.

Geopolitical risks can improve demand for assets considered safe-haven investments such as gold.

Silver added 0.4% to $17.15 U.S. per ounce after hitting $17.24, its highest since June 14, in the previous session. It was on course for an over 5% weekly rise, the highest such gain since July 2016.

Platinum climbed 1.2% to $987.70 U.S. per ounce after touching $984.60 U.S. during the session, its highest since April 18. It was up about 2% for the week so far.

Palladium climbed 0.3% to $899.50 U.S. per ounce and was on track to end the week 2.3% higher.

Source: http://www.baystreet.ca/commodities/1212/Far-East-Tensions-Cause-Gold-Prices-to-Perk

BULLETIN: Gold Prices Score a Lift as Dollar Softens $AMK.ca $EXS.ca $MQR.ca $OPW.ca $GGX.ca $GR.ca

Posted by AGORACOM-JC at 10:19 AM on Tuesday, August 8th, 2017
  • Gold futures rose on Tuesday as the U.S. dollar retreated, giving dollar-pegged commodities a modest lift in early trade.
  • December gold GCZ7, +0.28%  was $5.80, or 0.5%, higher at $1,270.50 an ounce, with the contract looking at back-to-back gains after Monday’s tepid rise.

The ICE U.S. Dollar Index DXY, -0.12% a gauge of the buck against a half-dozen currency rivals, was down 0.1%. Although the dollar has climbed 0.5% so far this month, the currency gauge is down 2.8% over the past 30 days, underscoring the greenback’s recent downtrend amid doubts about the pace of economic growth in the U.S., including signs of weaker-than-hoped-for inflation. The uncertain economic picture leaves financial markets wondering if the Federal Reserve will raise interest rates again this year.

A softening dollar can make assets linked to the currency more attractive to buyers using weaker currencies.

Meanwhile, September silver SIU7, +0.79% added 12 cents, or 0.8%, at $16.38, putting the white metal in position to end a four-session slide.

Tuesday’s rise for metals also comes amid heightened geopolitical risk, headlined by rising tensions between the U.S. and North Korea and its nuclear aspirations.

“Gold needs to break and trade over $1273.30 [an ounce] for the rest of the day to zoom,” said Chintan Karnani, chief market analyst at Insignia Consultants, based in New Delhi.

“Political news from [the U.S.] will be the key market mover today. The fact that U.S. dollar has not zoomed after the release of Friday’s July nonfarm payrolls can result in more losses for the greenback in the short term,” Karnani said.

The Labor Department on Friday showed that the U.S. added a better-than-expected 209,000 in July, pushing the unemployment rate to a 16-year low at 4.3%, but wage data remained tepid.

Mark O’Byrne, research director at GoldCore Ltd., said Friday’s selling in gold after the jobs report may have been overdone and said recent moves for the metal reflects that view. It’s also reflective of an uptick in concerns about meaningfully adding to assets perceived as risky with concerns persisting over drama in President Donald Trump’s White House and worries about a potential hike to the U.S. debt ceiling to avoid a government shutdown.

“I think there’s a little bit of risk aversion in the market,” O’Byrne said.

The Goldcore analyst said he’s optimistic on gold’s price for those reasons but recognizes that it could easily swing lower on sentiment that favors risk assets like stocks, with the Dow Jones Industrial Average DJIA, -0.14% and the S&P 500 index SPX, -0.16% both hitting all-time highs on Monday.

Tuesday’s modest gains in metals also comes as China trade data showed July exports and imports grew at a slower pace than they had recently, which should be a headwind for commodities prices.

Lackluster data have pressured shares of European miners, including iron-ore producers BHP Billiton PLC BLT, -1.29% BHP, -1.41% BHP, -0.23%  and Rio Tinto PLC RIO, -1.66% RIO, -1.25% RIO, -0.45% Anglo American PLC AAL, -0.50% lost 0.5%, while copper miner Antofagasta PLC ANTO, -0.52% moved down 1.2%.

In exchange-traded funds, the SPDR Gold Shares GLD, +0.45% rose 0.5% premarket, mining-company focused VanEck Vectors Gold Miners ETF GDX, +0.86% advanced 0.9%, while silver-oriented iShares Silver SLV, +1.17% gained 0.9%.

Source: http://www.marketwatch.com/story/gold-prices-score-a-lift-as-dollar-softens-2017-08-08

U.S. Dollar Index Crashes by Most in 6 Years $AMK.ca $EXS.ca $GGX.ca $GZD.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 6:19 PM on Wednesday, August 2nd, 2017
  • So far year-to-date in 2017, the U.S. Dollar Index has crashed by more than 10% from 103.30 down to 92.89.
  • Last time that the U.S. Dollar Index declined by 10% or more in a period of 151 trading days was back on April 29, 2011. Gold at the time was trading for $1,540.25 per oz and over the following four months it soared by $354.75 per oz or 23% to a new record high of $1,895 per oz.

Historically, from 1971 through today, when the U.S. Dollar Index declines by 10% or more during a period of 151 trading days, gold over the following 12 months has gained by a median of 18.7%. To the contrary, when the U.S. Dollar Index gains by 10% or more during a period of 151 trading days, gold over the following 12 months has declined by a median of -0.24%. Click here to see for yourself!

Source: http://inflation.us/us-dollar-index-crashes-by-most-in-6-years/

FEATURE: Monarques Gold (TSX-V: MQR) Flagship Croinor Gold Mine Has Great Potential To Become A Producer $MQR.ca

Posted by AGORACOM-JC at 10:11 AM on Thursday, June 29th, 2017

Monarquesgold hub large

Why Monarques Gold?

  • Flagship Croinor Gold Mine Has Great Potential To Become A Producer
  • Company Is Well Financed, Including $9 Million In Credits From Quebec Government
  • Recently acquired 750 ton-per-day Beacon mill
  • Major Shareholders include: Rob McEwen and Nemaska Lithium

Croinor Gold Property

Flagship project at the prefeasibility stage

  • 100% interest in the Croinor Gold property, a gold mine project that is currently at the prefeasibility stage
  • Property consists of one mining lease and two non-contiguous blocks of claims for a total of 335 claims over a 151 km² area. A 1.5% NSR is applicable on the mining lease and only 44 claims.
  • Drilling program will test a diorite-hosted gold-bearing zone that returned grades of up to 38.7 g/t Au over 3.8 metres in historical drilling (see release)

WATCH OUR CORPORATE VIDEO

Check Out Croinor Gold
Prefeasability Study

Simkar Gold Property

NI 43-101 Gold Resource 20 km from Val-d’Or

  • 100% interest in the Simkar Gold property
  • located 20 kilometres east of Val-d’Or, in the heart of the Abitibi Greenstone Belt.
  • Comprised of two mining concessions and 15 claims covering an area of 5 km², and is subject to a 1.5% NSR.
  • NI 43-101 (click here)

The Simkar Gold property is the result of a merger of the Simkar and Texsol properties. The transaction was announced by way of press release on June 26, 2014.

Regcourt Gold Property – Val d’Or

  • 100% interest in the Regcourt Gold property
  • Property is located at the eastern end of the Val-d’Or gold mining camp, some 30 km east of Val-d’Or, and is easily accessible via Route 117.
  • Consists of 94 claims covering an area of 38 km2 near the centre of the western border of Vauquelin Township
  • Property is subject to a 1.5% and 2.5 % NSR.

 

12 Month Stock Chart

Bright Outlook For Gold and The following $AMK.ca $EXS.ca $GGX.ca $GR.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 11:51 AM on Wednesday, June 21st, 2017

Several analysts point out that the outlook for gold and, by association, gold stocks, is bright despite rising US interest rates.

  • Demand in India and China rebounds sharply in recent months
  • Trend towards increased use of scrap gold reverses over past five years
  • Divergence in cash costs between USD and non-USD denominated companies

By Eva Brocklehurst

Gold retains a role as both an investment and defensive asset and analysts believe it will remain an important part of portfolios for both the private sector and central banks. Gold is a store of wealth in unstable times and such times prevail.

ANZ analysts expect increased political uncertainty in the US will support gold in the short term despite higher interest rates. Gold prices are forecast to push past US$1300/oz over the next 12 months and there are positive long-term prospects as well.

In the wake of the US Federal Reserve’s recent increase to its Fed Funds rate, and if the three rate rises in the current cycle are anything to go by, Bell Potter also considers the outlook positive for gold. Typically, rising interest rates are considered negative for gold because of the increased opportunity cost of holding an asset with no yield. As the gold price is appreciating amid rising interest rates in the US this signals to the broker that both inflation and safe-haven trade are key themes in the gold market.

The ANZ analysts do not envisage rising US interest rates as a negative. Gold has rallied in all but one of the past seven rate-hike cycles since the 1970s. Gold has also outperformed when interest rates were increasing relatively slowly. Furthermore, the analysts believe, if the US political situation worsens this year, there is a possibility gold prices will breakthrough US$1300/oz. Safe-haven buying is a strong driver of investor demand and is usually sparked by macro shocks or political instability.

Emerging markets should drive demand for physical gold for some time and China and India are already the world’s largest gold consumers. Demand in India and China has rebounded sharply in recent months and the analysts observe the issues around de-monetisation in India are abating, while there has been a sharp pick up in China’s gold imports, which suggests previous constraints have eased.

Growth in salaries, automobile sales and passenger air travel in India is expected to support the country’s gold market over the next year as India’s gold demands tend to correlate with income growth. Gold holdings are also likely to increase at central banks and most of the future buying is expected from central banks in emerging markets as they move closer to developed world levels.

China is likely to dominate the recovery in the gold price as Asian financial centres open up and the ANZ analysts find no reason why Shanghai should not become a major centre for gold trading, provided the appropriate institution and legal reforms take place. Asia is expected to account for over half of the global economy by 2050.

Supply

On the supply side prices are supported by the fact that gold mines cannot expand rapidly. Gold production has risen by an average of just 0.9% since 1995, year-on-year. Mine supply remains the primary source of gold and the trend towards increasing use of scrap has reversed over the past five years. New gold in total supply rose to over 70% in 2016.

Those countries driving the growth in the primary source of gold are ones best place to do so in the future, the analysts assert. Gold reserves are concentrated, at around 70%, in just 10 countries and Australia and South Africa have the largest unmined reserves. Meanwhile, scrap supply is volatile and the extraction from recycled electronics costly, so scrap gold is heavily influenced by both the price of gold and economic cycles.

As the ASX gold index is now down -3% year-to-date, Bell Potter believes the best performances are being driven by company-specific catalysts among the single-mine producers and successful explorers. The broker observes, while the gold price has not cracked US$1300/oz yet, it has established a pattern of higher lows and higher highs.

With a relatively steady exchange rate the Australian-dollar gold price has followed a similar track. The broker also believes relative outperformance of equities versus gold bullion is an indicator of positive sentiment.

Meanwhile, the costs associated with gold mining have fallen globally by around 15% over the past three years. Most of the reductions have been made in operating or production costs. The biggest cost reductions have been experienced in Australia, the ANZ analysts observe, where total cash costs have declined an average -30% since 2012.

Two factors, exchange rates and oil prices, have helped drive costs down and the analysts estimate around 60% of gold mining costs are based in local currency terms and around 10-12% related to oil prices. Indonesia, South Africa, Australia and Canada appear to have been the biggest beneficiaries in this regard.

Divergence In Cash Costs

Citi has highlighted a divergence between the cash costs of US dollar-denominated and non-US dollar-denominated companies. South African gold producers, in particular, have sustained all-in cash cost hikes of 16% while those of US dollar-denominated companies declined by -2.7%. Citi expects that a strengthening South African rand will continue to put pressure on South African gold stocks as will rising capital and exploration expenditure.

The broker expects costs in the industry to rise this year as years of under-investment unwind, especially if a stable, or higher, gold price prevails. Citi believes consensus expectations do not appropriately reflect the rising costs and maintains a bearish view on the sector, particularly South African gold stocks.

Based on recent changes to the underlying MVIS Junior Gold Miners index and significant changes to the GDXJ methodology in the US, Macquarie expects the main impact will be on North America markets. Yet, key beneficiaries in the Australian context are Newcrest Mining ((NCM)), Evolution Mining ((EVN)), Northern Star ((NST)) and OceanaGold ((OCG)).

These stocks have been are seen returning to the index as the eligibility band is widened. Smaller stocks are expected to suffer as a result of the re-balance. Macquarie believes investors should keep buying quality in good jurisdictions where there are cornerstone assets.
Source: https://www.fnarena.com/index.php/2017/06/19/bright-outlook-for-gold/

Monarques Gold Strengthens its Technical Team $MQR.ca

Posted by AGORACOM-JC at 8:57 AM on Wednesday, June 21st, 2017

To be the leading explorer and developer of gold properties in the Val D&Or / Abitibi Camp (CNW Group/Monarques Gold Corporation) (CNW Group/Monarques Gold Corporation)

MONTREAL, June 21, 2017  – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that Elisabeth Tremblay, P.Geo., M.Sc., has been appointed to the position of Senior Geologist – Communications, and Martin Lacaille Dufresne, Geo., B.Sc., has been appointed as a geologist for the Corporation.

Ms. Tremblay has over 20 years of experience working as a professional geologist in gold, nickel and base metal exploration throughout Québec and occasionally in Latin America. She was employed by Falconbridge up until 2005, when she began working for junior mining companies such as Boreal Exploration, Everton Resources, Focus Metals and Osisko. Prior to joining Monarques Gold Corporation, she spent six years as Senior Geologist – Communications Specialist at Adventure Gold (now Probe Metals). Ms. Tremblay has a bachelor’s degree in geology from the Université du Québec à Montréal and a master’s degree in earth sciences from the Université du Québec à Chicoutimi. She is a member of the Ordre des géologues du Québec.

Mr. Lacaille Dufresne has over 7 years of professional experience, as a geologist for Quebec’s Ministry of Energy and Natural Resources, Canadian Royalties and Agnico Eagle, and more recently as a supervisor for mineral analysis laboratories. Mr. Lacaille Dufresne has a bachelor’s degree in earth and environmental sciences from the Université du Québec à Montréal and is a member of the Ordre des géologues du Québec.

“With the recent increase in our exploration activities, we decided to strengthen our technical team in order to make faster progress on our exploration projects,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “We are therefore very pleased to welcome Ms. Tremblay and Mr. Lacaille Dufresne to the Monarques team. Their expertise will be a great help for the ongoing drilling program on the Croinor Gold property, as well as for our future exploration efforts. Ms. Tremblay will also oversee the Corporation’s communications activities, which she has done successfully for a number of other mining companies in the past.”

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break, as well as its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.

(Watch our latest Corporate Video)

Forward-Looking Statements

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

SOURCE Monarques Gold Corporation

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2017/21/c3805.html

Jean-Marc Lacoste, President and CEO, 1-888-994-4465 x 201, jm.lacoste@monarquesgold.com, www.monarquesgold.comCopyright CNW Group 2017

INTERVIEW: Monarques Gold Discusses Aggressive Work Program on Fully Permitted Croinor Gold Mine $MQR.ca

Posted by AGORACOM-JC at 12:08 PM on Friday, June 9th, 2017