Posted by AGORACOM
at 10:47 AM on Thursday, May 2nd, 2019
Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
The Company’s focus since acquiring the Keymet Property is the area of
reported polymetallic veins with most work in the area of the Elmtree 12
copper-lead-zinc-silver bearing vein system.
At
least seven vein occurrences with lead, zinc and +/- copper, silver and
gold are reported in this region of the property in addition to the
polymetallic veins reported at the historic Keymet Mine
Posted by AGORACOM-JC
at 9:20 AM on Wednesday, May 1st, 2019
Custom milling operations at the Camflo mill contribute strongly to revenues
Production at the Beaufor mine declines due to a lower production rate
The Wasamac gold project continues to draw considerable interest from potential partner
The Corporation completed a positive feasibility study on its Wasamac deposit during the second quarter (see feasibility study), with the following results:
Forecast average production: 142,000 ounces of gold over 11 years
Pre-tax NPV: $522 million
Pre-tax IRR: 23.6%
Cash cost: US $550 per ounce
MONTREAL, May 1, 2019 /CNW/ – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its production and corporate highlights for the third quarter ended March 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.
Production highlights
Monarch produced 1,328 ounces of gold in the third quarter, down 70%
from the second quarter and 73% from 4,932 ounces produced last year.
The decrease was attributable to a cut in the production rate and number
of employees at the Beaufor mine in January 2019.
The Corporation recorded revenues of $5.2 million in the third quarter from the sale of 1,427 ounces of gold at an average price of $1,737 per ounce (US $1,307)
plus custom milling revenue, which was down 6.2% from the second
quarter due to a planned shutdown at the Camflo mill for maintenance
work, but up 35.5% year over year.
“Our custom milling operations at the Camflo mill continue to perform
well despite the lower tonnage from the Beaufor mine,” said Jean-Marc Lacoste,
President and Chief Executive Officer of Monarch. “The Beaufor mine is
currently operating at a reduced average rate of 7,000 tonnes per month
with about 50 employees, and we are reassessing the mine’s operations on
a monthly basis.”
“Our promising projects are unquestionably the Wasamac, Croinor Gold
and McKenzie Break advanced gold projects. The Wasamac project continues
to draw considerable interest from the mining and financial community,
as evidenced by the increased virtual room traffic. We have also had
preliminary discussions with a number of parties and will continue to
work with them in the coming weeks. Meanwhile, Croinor Gold and McKenzie
Break generated excellent drill results in 2018, which increased the
gold potential of these projects.”
Production statistics
Three months ended March 31, 2019
Three months ended March 31, 2018
Nine months ended March 31, 2019
Nine months ended March 31, 2018
Beaufor mine
Ore processed (tonnes)
13,110
32,866
68,564
67,871
Gold recovery (%)
97.78
98.91
98.15
98.78
Ounces produced
1,328
4,932
9,653
10,376
Ounces sold
1,427
4,823
9,868
10,267
Corporate highlights
On February 4, 2019, the Corporation reported the last
assay results from the 2018 diamond drill program at its wholly owned
Croinor Gold project, which notably returned 17.26 g/t Au over 1.95
metres, including 50.10 g/t Au over 0.6 metres (see press release).
On February 28, 2019, the Corporation reported the
first assay results from the 2018 diamond drilling program at its wholly
owned McKenzie Break gold project, which notably returned 61.20 g/t Au
over 2.6 metres, including 265.00 g/t Au over 0.6 metres (see press release).
On March 13, 2019, the Corporation reported the second
set of assay results from the 2018 diamond drilling program at its
wholly owned McKenzie Break gold project, which notably returned 24.40
g/t Au over 2.0 metres, including 93.80 g/t Au over 0.5 metres (see press release).
On March 20, 2019, the Corporation reported the third
and last set of assay results from the 2018 diamond drilling program at
its wholly owned McKenzie Break gold project, which notably returned
12.60 g/t Au over 1.35 metres, including 55.90 g/t Au over 0.3 metres
(see press release).
On March 29, 2019, the Corporation reported that it had
sold its Pandora royalty to Agnico Eagle Mines Limited, thus reducing
its payments for the McKenzie Break and Swanson properties by $800,000 (see press release).
On April 26, 2019, the Corporation announced the closing of a $2,000,000 private placement (see press release).
The Corporation has also received the assay results for the 1,750-metre drilling program carried out in February 2019
on the Croinor Gold property. The program included seven exploration
holes drilled more than one kilometre away from the Croinor Gold
deposit. While the holes did not return any significant intersections,
they did yield important geological data. The Corporation still believes
that Croinor Gold holds excellent exploration potential along strike
and at depth, as these holes targeted only a small portion of the 151
km2 property. In fact, the Corporation plans to continue additional
exploration work on Croinor Gold to locate additional drilling targets.
On the MacKenzie Break property, the Corporation is currently planning
its next drilling program on high potential targets.
Finally, the recommissioning of the Beacon plant has been delayed,
mainly because the Corporation has not yet received the operating
permits or obtained the financing needed to put the Croinor Gold deposit
back into production.
Monarch Gold Corporation (TSX: MQR) is an emerging gold mining
company focused on pursuing growth through its large portfolio of
high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map),
including the Wasamac deposit (measured and indicated resource of 2.6
million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson
advanced projects and the Camflo and Beacon mills, as well as other
promising exploration projects. It also offers custom milling services
out of its 1,600 tonne-per-day Camflo mill.
Forward-Looking Statements The forward-looking
statements in this press release involve known and unknown risks,
uncertainties and other factors that may cause Monarch’s actual results,
performance and achievements to be materially different from the
results, performance or achievements expressed or implied therein.
Neither TSX nor its Regulation Services Provider (as that term is
defined in the policies of the TSX accepts responsibility for the
adequacy or accuracy of this press release.
Tags: gold, tsx, tsx-v Posted in All Recent Posts, Monarques Gold | Comments Off on Monarch Gold $MQR.ca Produces 1,328 Ounces of Gold and Generates $5.2 Million in Revenue in its Third Quarter $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
Posted by AGORACOM
at 9:37 AM on Wednesday, April 17th, 2019
JV partner Tudor Gold has retained P&E Mining Consultants Inc. for assistance in planning the upcoming 2019 drilling season.
Purpose is to create a National Instrument 43-101 for the Treaty Creek Property
Treaty Creek is located immediately adjacent to Seabridge Gold’s KSM and just north of Pretivm’s now producing Brucejack/Valley of the Kings high grade gold mine in northwestern British Columbia.
Cardston, Alberta–(Newsfile Corp. – April 17, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“American Creek”) is pleased to announce that JV partner
Tudor Gold has retained P&E Mining Consultants Inc. (“P&E”) of
Brampton, Ontario for assistance in planning the upcoming 2019 drilling
season, with a view to eventually compiling an initial Mineral Resource
Estimate pursuant to National Instrument 43-101 for the Treaty Creek
Property located immediately adjacent to Seabridge Gold’s KSM and just
north of Pretivm’s now producing Brucejack/Valley of the Kings high
grade gold mine in northwestern British Columbia.
P&E Mining
Consultants Inc., established in 2004, provides geological and mine
engineering consulting reports, Mineral Resource Estimate technical
reports, Preliminary Economic Assessments and Pre-Feasibility Studies.
P&E undertook the initial Mineral Resource Estimate for Pretium
Resources Inc.’s Brucejack Property and the resulting Technical Report
that supported the $100M IPO.
Ken Konkin, Tudor Gold’s Exploration
Manager stated, “I have had the pleasure of working with Mr. Eugene
Puritch, P. Eng, FEC and President of P&E Mining Consultants Inc.
and his team of professional geologists and professional engineers on
several projects in North and South America. P&E Mining Consultants
specialize in geological modeling and mine design and their work is of
the highest standards. I look forward to working again with Eugene and
his geo-scientists and engineers in order to determine the optimum drill
hole spacing required for the drill program. Our goal is to fast-track
the exploration program at Treaty Creek during this summer adding value
to Tudor’s Goldstorm target in the most efficient and economic methods
possible. Once drilling begins, P&E Mining Consultants will conduct a
site visit and complete a project review.”
Darren Blaney, CEO of
American Creek stated: “We very much look forward to having Tudor and
Mr. Konkin commence the much anticipated 2019 Treaty Creek drill program
building on the last hole from 2018 that ran 563 meters of 0.98 g/t
gold. Securing a top tier firm to oversee the drilling and maiden
resource calculation is a very positive step in the advancement of the
Treaty JV. The Golden Triangle region is heating up and attracting
attention and this upcoming season is shaping up to be very
significant.”
About American Creek
American Creek is
a Canadian junior mineral exploration company with a strong portfolio
of gold and silver properties in British Columbia. Three of those
properties are located in the prolific “Golden Triangle”; the Treaty
Creek and Electrum joint venture projects with Tudor Gold/Walter Storm
as well as the 100% owned past producing Dunwell Mine.
The
Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax,
Silver Side, and Glitter King properties located in other prospective
areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
VANCOUVER, BC / ACCESSWIRE / April 15, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“) is pleased to announce it has begun the spring 2019 diamond drilling program on the Gold Drop Property, located in Southern British Columbia. The drilling program will focus on the C.O.D vein located in the Gold Drop Southwest Zone. The Company intersected near-surface, high- grade gold, silver and tellurium within the C.O.D vein during 2018 diamond drilling, including:
GGX is kicking off its 2019 exploration program with drilling on the C.O.D vein (C.O.D stands for “Continuation of Dentonia”; the Dentonia is another gold-quartz vein in the camp that was historically mined). The C.O.D vein was first targeted by GGX in 2017. Initial sampling of the vein justified follow-up trenching and drilling. In 2018, the drilling program followed on and included a series of holes drilled to the south of the C.O.D trench that successfully extended the vein for a total length of nearly 400 meters and intersected high grade mineralization. The assay results (please refer to the Company’s website for News Releases announcing these results) include the following highlights:
Hole ID
Interval Length
Gold (gpt)
Silver (gpt)
Te (gpt)
COD17-14
16.03
4.59
38.64
COD18-3
2.1
14.62
150.2
102
COD18-26
1.4
10.3
1.09
0.2
COD18-32
1.51
3.67
67.2
30.4
COD18-33
2.98
8.65
47.6
37.3
COD18-34
3.41
6.16
72.4
31.0
COD18-37
3.95
8.23
67.36
38.53
COD18-45
2.05
50.15
375
COD18-46
1.47
54.9
379
COD18-49
1.47
9.52
118
72.2
COD18-54
1.66
7.6
60.2
34.1
COD18-61
1.38
5.29
32.4
31.4
COD18-63
1.17
28
424.7
150.4
COD18-67
7.28
129.11
1,154.90
823.0
COD18-68
2.76
8.77
85.4
56.3
COD18-69
7.46
5.76
67.9
61.2
COD18-70
6.9
107.5
880
640
For
2019, the drilling will be initially aimed at extending and in-filling
the ore shoot of high-grade gold-silver-tellurium mineralization that
was intersected in 2018. Following this, the Everest vein to the south,
and the C.O.D. extension to the north will be drill-tested.
The
highlights of the 2018 diamond drilling program are drill holes COD18-67
and COD18-70 that intersected near-surface, high-grade gold, silver and
tellurium in the southern extension of the C.O.D vein. COD18-67
intersected 129 grams per tonne (g/t) gold, 1154 g/t silver & 823
g/t tellurium over 7.28-meter core length while COD18-70 intersected 107
g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90-meter core
length (News Releases of January 11, January 18 and March 18, 2019). The
C.O.D. vein system is open along strike and at depth.
No
previous diamond drilling has been completed at the C.O.D. extension to
the north. The 2018 trenching program exposed numerous vein showings
with grab samples up to 15.45 g/t gold, 159 g/t silver Ag and 114.5 g/t
tellurium. A chip sample (0.4 meters long) returned 21.7 g/t gold, 216
g/t silver and 149 g/t tellurium (News Release of February 27, 2019).
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and
consultant for GGX Gold Corp., is responsible for the technical
information contained in this News Release.
To view the Original News release with pictures please go to the website or contact the company.
On Behalf of the Board of Directors, Barry Brown, Director 604-488-3900 [email protected]
“We don’t have to do this, we get to do this” The Crew
Forward Looking Information
Tags: #BC, #Drill, #GGXgold, #silver, #tellerium, gold Posted in GGX Gold Corp. | Comments Off on GGX Gold $GGX.ca Begins Diamond Drilling Program On the Gold Drop Property, Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 10:50 AM on Friday, April 12th, 2019
Phase 1: Drilling Identified 4 Epithermal Veins -3 Have Demonstrated Greater Thickness at Depth
Phase 2: Drilling Identified 30 new Epithermal veins in 2 drill holes
In the first two phases of drilling, Advance discovered a cluster of epithermal veins, all but a few of them blind, which suggests this drilling intersected the top of the epithermal vein system.
A key focus of the phase 3 drilling will be to drill deeper and target the boiling zone of the epithermal vein system. The cluster of veins dip toward a fault which is considered a key structural feature.
A proposed hole will start from the east side of the fault, drill west, to then go through the cluster of veins to catch them at the boiling zone.
The other key focus will be to drill a few shallow holes near a 12 metre intersection of the Tabasquena vein in the oxides. This vein in the oxides is much wider than the historical 2-4 metre mining width utilized by former operator Penoles, which was across 2-4 metres. This intersection was a 125 metre step out to the north of the old mine workings and is approximately 75 metres along strike from the 100 metre deep shaft and headframe.
Advance has mining equipment and the Tabasquena project is fully permitted for mining.
FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM
at 1:44 PM on Wednesday, April 10th, 2019
Fortis Metals,
the world’s leading producer of minor metals, recently forecast a
tellurium supply deficit that, “as of 2020 could be as big as a
staggering 370 metric tonnes.â€
Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:
           “At the moment, we are still seeing (tellurium) inventories in China but these are being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in 2011.â€
GGX
has produced some of the highest grade drill intercepts in the world
over the 2018 drill season, which compliment High Grade Gold intercepts
of:
COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp
Tags: #BC, #Drill, #GoldDrop, #silver, #tellerium, $GGX, gold Posted in GGX Gold Corp. | Comments Off on Client Feature: GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 10:54 AM on Tuesday, April 9th, 2019
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental in the discovery and development of the Brucejack / VOK mine) now heading our JV partner Tudor Gold’s geological team to develop Treaty Creek.
The geology, geophysics and structure are showing potential for similar scale to the rest of the Sulphurets Hydrothermal System, and the drilling to date is confirming
The string of porphyry related deposits running through the Sulphurets Hydrothermal system have stronger gold equivalent grades the further north you go. The Goldstorm deposit on Treaty Creek property is richer in gold and total gold equivalent than the KSM deposits further to the south
Treaty Creek is “on the right side of the hill” where there is direct access to highway 37 and the high-power transmission line making logistics markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM
at 11:14 AM on Tuesday, April 2nd, 2019
Phase 1: Drilling Identified 4 Epithermal Veins -3 Have Demonstrated Greater Thickness at Depth
Phase 2: Drilling Identified 30 new Epithermal veins in 2 drill holes
Phase 3 Drilling:
In
the first two phases of drilling, Advance discovered a cluster of
epithermal veins, all but a few of them blind, which suggests this
drilling intersected the top of the epithermal vein system.
A
key focus of the phase 3 drilling will be to drill deeper and target the
boiling zone of the epithermal vein system. The cluster of veins dip
toward a fault which is considered a key structural feature.
A
proposed hole will start from the east side of the fault, drill west, to
then go through the cluster of veins to catch them at the boiling zone.
The
other key focus will be to drill a few shallow holes near a 12 metre
intersection of the Tabasquena vein in the oxides. This vein in the
oxides is much wider than the historical 2-4 metre mining width utilized
by former operator Penoles, which was across 2-4 metres. This
intersection was a 125 metre step out to the north of the old mine
workings and is approximately 75 metres along strike from the 100 metre
deep shaft and headframe.
Advance has mining equipment and the Tabasquena project is fully permitted for mining.
FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp
