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$GR.ca Great Atlantic Commissions National Instrument 43-101 Technical Report on Golden Promise Gold Property – Central Newfoundland Gold Belt $ANX.ca $MOZ.ca $LAB.ca

Posted by AGORACOM at 8:58 AM on Tuesday, October 30th, 2018

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  • Summaries of historic work and work by Great Atlantic within the property.
  • 43-101 – compliant mineral resource estimates for the Jaclyn Main Zone which will also include data from 2010 work (27 diamond drill holes) which was completed after the previous 2008 historic mineral resource estimates.

 

VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / October 30, 2018 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has commissioned Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Larry Pilgrim, B.Sc., P.Geo. to complete a National Instrument 43-101 Technical Report on the Company’s Golden Promise Gold Property, located in the central Newfoundland gold belt. The report will include the following:

  • Summaries of historic work and work by Great Atlantic within the property.
  • 43-101 – compliant mineral resource estimates for the Jaclyn Main Zone which will also include data from 2010 work (27 diamond drill holes) which was completed after the previous 2008 historic mineral resource estimates.
  • Make recommendations for future work.

The Property hosts multiple gold bearing quartz veins and is located in a region of recent significant gold discoveries. The Golden Promise Property is located approximately 40 kilometers west-southwest of the Moosehead Project of Sokoman Iron Corp. (TSXV.SIC) and approximately 55 kilometers northeast of the Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV.MOZ) High grade gold is reported in quartz veins and quartz vein boulders within the Golden Promise Property.

Gold bearing quartz veins are reported in multiple areas of the Golden Promise Property, including at least 5 gold bearing quartz vein systems reported in one zone referred to as the Jaclyn Zone, located in the northern half of the Property. Much of the reported historical exploration at the Property has been focused on the Jaclyn Zone with gold bearing vein systems reported at the Jaclyn Main, Jaclyn East, Jaclyn West, Jaclyn North and Jaclyn South Sub-zones.

Gold Bearing Jaclyn West (Christopher) Vein

Most historic work was conducted at the Jaclyn Main Zone. Reported diamond drilling gold (Au) intercepts (core length and estimated true thickness in meters) at the Jaclyn Main Zone include:

  • GP02-01: 16.57 g/t Au over 2.55m core length (1.64 m estimated true thickness)
  • GP02-09: 7.05 g/t Au over 4.90 m core length (2.22 m estimated true thickness)
  • GP06-52: 93.71 g/t Au over 1.40 m core length (1.25 m estimated true thickness)
  • GP07-91: 141.21 g/t Au over 0.45 m core length (0.33 m estimated true thickness)
  • GP07-92: 10.41 g/t Au over 4.70 m core length (1.60 m estimated true thickness)

Gold recovery from a reported 2,241 tonne bulk sample collected in 2010 at the Jaclyn Main Zone was reported to average 4.47 g/t gold. The average tails grade for the sample was reported to be 1.12 g/t gold. A “back-calculated head grade of 5.59 g/t gold” was reported for the bulk sample.

Quartz float samples collected by the Company during 2017 in one target area (referred to as the Branden Zone) in the northern region of the Property returned 57.2 and 200 grams / tonne (g/t) gold (News Release of August 28, 2017). A 0.32 meter long chip sample collected across the Shawn’s Shot Vein by the Company in 2017 returned 48.2 g/t gold (news Release of August 28, 2017).

Significant recent gold discoveries in the central Newfoundland gold belt include that of Sokaman Iron Corp. and Marathon Gold Corp. Sokoman Iron Corp. recently announced a high grade gold discovery on its Moosehead Property, located approximately 40 kilometers east-northeast of the Golden Promise Property. The discovery was made during the 2018 diamond drilling program. A drill intersection of 44.96 g/t gold over 11.90 meter core length was reported including a 1.35 meter core length quartz vein intersection of 385.85 g/t gold (Sokoman Iron Corp. News Release of July 24, 2018). The Valentine Lake Gold Camp of Marathon Gold Corp. is located approximately 55 kilometers southwest of the Golden Promise Property. As reported on Marathon’s website, the Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totalling 2,137,100 oz. of gold at 1.99 g/t and inferred resources totalling 1,104,800 oz. of gold at 1.99 g/t.

Readers are warned that mineralization at the Moosehead Property and Valentine Lake Gold Camp is not necessarily indicative of mineralization on the Golden Promise Property.

Readers are warned that historical records for the Golden Promise Property referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.

On Behalf of the board of directors

“Christopher R Anderson“

Mr. Christopher R Anderson ” Always be positive, strive for solutions, and never give up ”
President CEO Director
604-488-3900
[email protected]

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$AAX.ca Advance Hits Over 30 Epithermal Vein Intersections at Tabasquena $TCK.ca

Posted by AGORACOM at 2:34 PM on Monday, October 29th, 2018
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  • Completed three drill holes in the phase 2 drilling program at the Tabasquena Silver Mine
  • 7 holes have hit a cluster of over 30 epithermal vein intersections.
  • Amethyst found in quartz in the veins, the amethyst is important as it is found in the epithermal veins mined in the Veta Grande trend.

Vancouver, British Columbia–(Newsfile Corp. – October 29, 2018) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) reports on the completion of three drill holes in the phase 2 drilling program at the Tabasquena Silver Mine, near Ojocaliente, Mexico. In an area covering around 125 metres along strike, and 200 metres wide, 7 holes have hit a cluster of over 30 epithermal vein intersections.

In the phase 2 drilling, only anomalous gold and silver were found in assays of 53 core samples, even though significantly more quartz is present and also amethyst. Not only is there an increase in the quartz in the veins, the amethyst is important as it is found in the epithermal veins mined in the Veta Grande trend.

In addition to increasing quartz in the veins, the quartz is also present in the country rock, andesite, near veins. Other signs of a large geological system, is that in hole 7, along with a cluster of veins, there was a 150 metre intersection of highly silicified andesite.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We have moved the Tabasquena project forward significantly in our first 7 holes finding a cluster of nearly 30 epithermal vein intersections. Not far from us is Fresnillo, Mexico, and right beside the city is a cluster of approximately 20 epithermal veins that were mined for over 500 years. We are in one of the most of important silver and gold districts in the world and have found a cluster of epithermal veins in a small area.

“Our exploration team is very excited about our holes into a cluster of epithermal veins during phase 2 drilling with roughly 30 epithermal vein intersections. We only saw anomalous gold in the phase 2 core samples, zonation of grade vertically and horizontally in epithermal veins is common, we are still just under the oxide zone by around 125 metres with our deepest drill holes.

“One of the blind veins discovered in phase 2 drilling is the Dakota vein, we hit a 17 metre intersection, it was a discovery made by drilling through a known vein, we continued to see quartz in the country rock, so kept drilling and hit the Dakota vein. It has a significant amount of quartz and amethyst. Another vein discovered was a 10 metre intersection with significant quartz. One of the smallest veins, 0.70 of a metre was over 90% quartz.

“We know that the geological system at the Tabasquena vein cluster has high-grade precious metals from historical mining by Penoles and our own drilling. The thickness of the veins close to surface, the amount of veins in a small area, the quartz in the veins and in the country rock, the thick zone of highly silicified andesite, are all indications that we are chasing a large geological system. We still have more drilling to do in order to understand the grade zonation along strike and at depth, but with a large cluster of epithermal vein intersections to test, we are off to a great start. Looking forward, phase 3 drilling should be a series of holes that drill down 500-700 metres deep to get into the guts of the precious metals horizon in our cluster of veins.

The Tabasquena project has exceptional infrastructure with paved road access, power lines going through the claims and is located in the Veta Grande trend, it can be drilled year round and is a low cost exploration project.”

Pictures of key intersections, the table of assays for phase 2 drilling, cross sections and a plan map can be found with this news release on the Advance Gold website and in the Tabasquena project section as well.

Julio Pinto Linares, PGeo, is the qualified person responsible for this release and has supervised the preparation, and approved the preparation of the scientific and technical disclosure contained within the release.

About Advance Gold Corp. (TSXV: AAX)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 13.5% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 86.5% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold).

For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]

Corporate website: www.advancegold.ca

Nicosia Capital
Investor Relations
[email protected]

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Monarques Gold $MQR.ca Announces its 2018 Fourth Quarter and Year-End Results $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:42 AM on Monday, October 29th, 2018

Monarquesgold hub large

  • Fourth-quarter revenues of $10.0 million, with a 31% quarter-over-quarter increase in custom milling revenues.
  • The Wasamac feasibility study is ongoing, with the Corporation expecting to release the results in early December.
  • The Corporation has created a confidential virtual data room to provide access for parties that have expressed an interest in reviewing the data for the Wasamac project.
  • Production results for the first quarter of fiscal 2019 can be found at the end of this release.

MONTREAL, Oct. 29, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its results for the fourth quarter and fiscal year ended June 30, 2018. Amounts are in Canadian dollars unless otherwise indicated.

Highlights of the quarter

Beaufor Mine

  • Production of 4,695 ounces in the fourth quarter, down 5% from 4,932 ounces in the previous quarter.
  • Average selling price of $1,617 (US $1,273) per ounce ($1,610 or US $1,268 since the acquisition on October 2, 2017).
  • Production cash cost of $1,609 (US $1,267) per ounce sold ($1,532 or US $1,206 since the acquisition on October 2, 2017).
  • All-in sustaining cost of $2,005 (US $1,579) per ounce sold ($1,770 or US $1,394 since the acquisition on October 2, 2017).

Financial results

  • Revenues of $10.0 million in the fourth quarter from the sale of 4,589 ounces of gold combined with revenue from custom milling, which was up 31% quarter-over-quarter.
  • Net loss of $2.8 million or $0.014 per share, diluted, compared to a net loss of $0.6 million or $0.004 per share, diluted, last year.
  • Strong financial position, with $15.0 million in cash.

“Strong growth in our custom milling operations in the fourth quarter partially offset the decline in production at the Beaufor Mine, which will be temporarily shut down starting in December,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our short-term goal for Beaufor is to minimize the impact of the shut-down on our results.”

“In recent months, we have begun promoting the Wasamac project within the mining and financial communities. We recently created a confidential virtual data room to provide access for parties that have expressed an interest in reviewing data and participating in project development. With the pending release of the feasibility study results in early December, we see the Wasamac project starting to generate interest. We are confident that the parameters we have set for the feasibility study, including the use of the proven Rail-Veyor material haulage technology, will create the conditions needed to put the project into production.”

“We are also continuing to move forward with our other advanced projects, including Croinor Gold and McKenzie Break, for which drill results will be released in the coming weeks. Croinor Gold continues to impress us with multiple high-grade results and continuity of the mineralization along strike and at depth,” Mr. Lacoste concluded.

Summary of financial results

(dollars, except per share data) Quarter ended

June 30

 Year ended

June 30
2018 2017 2018 2017
Revenues 10,007,386 – 30,125,421 –
Gross margin 170,849 – 1 440,787 –
Net loss (2,782,100) (571,284) (4,776,851) (2,281,190)
Loss per share, basic and diluted (0.014) (0.004) (0.024) (0.017)
Cash flow used in operating activities (534,542) (560,596) (2,310,413) (2,163,498)
EBITDA(1) (1,084,003) (158,117) (2,533,882) (1,522,426)
(1)  Non-IFRS measure. See under “Non-IFRS measures” at the end of this press release, and in the Corporation’s financial statements and management discussion and analysis for the reconciliation of this non-IFRS measure.

 

 (dollars) June 30

2018

 June 30

2017
Cash and cash equivalents 15,046,248 7,356,155
Total assets 73,665,169 26,657,724

 

Key operating statistics

Quarter ended

June 30

 Year ended

June 30
2018 2017 2018 2017
Ounces of gold sold 4,589 – 14,856 –
Ounces of gold produced 4,695 – 15,071 –
Grade 4.95 – 4.82 –
Recovery 98.68 – 98.76 –
Key data per ounce of gold (CA $)
Average market price 1,659 – 1,665 –
Average selling price(1) 1,617 – 1,610 –
Production cash cost(2) 1,609 – 1,532 –
All-in sustaining cost (Beaufor/Camflo) 2,005 – 1,770 –
Average exchange rate (CA $/US $) 1.27 – 1.27 –
Key data per ounce of gold (US $)
Average market price 1,306 – 1,311 –
Average selling price(1) 1,273 – 1,268 –
Production cash cost(2) 1,267 – 1,206 –
All-in sustaining cost (Beaufor/Camflo) 1,579 – 1,394 –
(1) The average selling prices for the 2018 three- and twelve-month periods would be $32 and $28 higher, respectively,  if gold deliveries (861 ounces for the quarter and 2,583 ounces for the 12-month period) to Auramet in connection with deferred revenues for the periods had been recognized at market price on the date the agreement was entered into on October 2, 2017, instead of at the recorded price, representing the amounts received from future gold production divided by the ounces to be delivered.
(2) Production cash cost is a non-IFRS measure of financial performance without a standard meaning under IFRS. It may therefore not be comparable to a similar measure presented by another company. See “Non-IFRS measures” in the Corporation’s management discussion and analysis for the quarter ended June 30, 2018.

 

Corporate highlights

  • On May 31, 2018, the Corporation announced that it has retained BBA to conduct a feasibility study for its Wasamac gold project (see press release).
  • On July 19, 2018, the Corporation announced that it has filed a National Instrument 43-101 technical report for its McKenzie Break gold project on SEDAR (see press release).
  • On August 3, 2018, the Corporation announced that it has filed a National Instrument 43-101 technical report for its Swanson gold project on SEDAR (see press release).
  • On August 30, 2018, the Corporation announced that production activities at the Beaufor Mine will be temporarily suspended as of December 2018, and the mine will be placed on care and maintenance (see press release).
  • On September 10, 2018, the Corporation sold its 30% interest in the Chimo property to Chalice Gold Mines Limited (“Chalice”) in consideration of 3 million fully-paid ordinary Chalice shares (see press release).
  • On October 5, 2018, the Corporation announced that it has acquired a 2% net smelter royalty (“NSR”) on the Chimo-Boyd claims in exchange for the issuance of 170,000 common shares of Monarques at a price of $0.28 per share and a cash payment of $8,400 (see press release).
  • On October 9, 2018, the Corporation announced that it has received conditional approval from the Toronto Stock Exchange to list the Corporation’s common shares, subject to compliance with all exchange requirements by December 30, 2018 (see press release).

Production statistics (first quarter ended September 30, 2018)

  • Monarques produced 3,604 ounces of gold in the first quarter, down 23% from 4,695 ounces the previous quarter.
  • The Corporation recorded revenues of $7.8 million in the first quarter, based on an average gold price of $1,520 per ounce (US $1,162) and the sale of 3,272 ounces, combined with revenues from custom milling operations, which increased by more than 8% during the quarter.
Beaufor Mine Quarter ended

September 30, 2018
Ore processed (tonnes) 29,375
Gold recovery (%) 97.99
Ounces produced 3,604
Ounces sold 3,272

 

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: 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 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.

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SOURCE Monarques Gold Corporation

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‘Shaky’ Global Stock Markets Trigger Bid For #Gold Says #Sprott $SII.ca $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 2:13 PM on Wednesday, October 24th, 2018
  • Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.
  • As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

Anna Golubova

(Kitco News) – Volatility in global stock markets is boosting demand for gold, which has stood “the test of time,” said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.

As central banks around the world stepped up gold purchases, shouldn’t investors follow suit, Sprott was asked during the company’s Weekly Wrap-Up segment.

“In India, the central bank bought some gold for the first time in over a decade. Hungarians increased their gold [tenfold to 31.5] tons. Poland also made purchases,” Sprott said. And that’s aside from continued purchases of Russia and China, he added.

In the meantime, physical demand is also picking up, with India importing 95 metric tons of gold in August, Sprott added.

These are all positive numbers that investors should be paying attention to because there’s significant risk in the markets and gold is a proven safe-haven asset, he explained.

“There are lots of reasons to think that the Federal Reserve will have to change. It is uncertain what the Fed will do. You should not automatically count on four rate increases next year,” Sprott said.

On top of that, most stock markets in the world are in a bear market, he pointed out.

“Look at China, [the stocks] was down 32% this year. There are a lot of liquidity issues in a lot of markets, and when you’re the last man standing, [investors] are going to be selling American stocks first, because they’re the ones that are theoretically liquid,” he said. “The structure of markets is very risky … [And] as things get shaky here in the markets, you see the safe-safe-haven bid coming into gold,” Sprott said.

On Tuesday, equities dropped for the fifth consecutive session. The Dow Jones Industrial Average is seeing its worst monthly decline in three years and the S&P 500 is seeing its worst monthly performance in seven years, according to reports.

Meanwhile, the December Comex gold futures touched a three-week high of $1,242 Tuesday on increased safe-haven demand.

“The yellow metal was boosted by safe-haven demand amid keener geopolitical uncertainty in the marketplace. Gold prices did back off their daily highs as the U.S. stock indexes moved up from their daily lows,” said Kitco’s senior technical analyst Jim Wyckoff. “Global stock markets saw risk aversion return to the marketplace today amid heightened geopolitical tensions. China’s stock indexes were sharply down after good gains posted Monday. South Korea’s and Japan’s stock markets were also sharply lower.”

Source: https://www.kitco.com/news/2018-10-24/-Shaky-Global-Stock-Markets-Trigger-Bid-For-Gold-Sprott.html

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Monarques Gold $MQR.ca Partner Probe Metals $PRB.ca Intersects 5.9 g/t Gold over 10.5 Metres on Monique Property $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:31 AM on Tuesday, October 23rd, 2018

  • Numerous new discoveries made during the regional exploration program surrounding the past-producing Monique Mine, five kilometres east of the New Beliveau Resource.
  • Near surface discovery grading 24.8 g/t Au over 2.2 metres within a larger zone of 5.9 g/t over 10.5 metres, located 400 metres northwest of the Former Monique Open Pit.
  • Near-surface discovery grading 20.5 g/t Au over 2.0 metres, located 200 metres north of the Former Monique Open Pit
  • A 350-metre-long gold structure intersected in five holes 50 to 200 metres southwest of the historic A and B gold zones (450-650 metres south of Monique Open Pit), includes near-surface intercepts grading 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres
  • Winter drilling program planned to follow-up on new zones.

MONTREAL, Oct. 23, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to provide new results from Probe Metals Inc. (“Probe”) 2018 drill program on the Monique property (the “Property”) located near Val-d’Or, Quebec. Probe may earn a 60% interest in the Property by spending an aggregate of $2 million on exploration before January 2021. Results from 14 drill holes, totaling 4,783 metres, were received and showed significant new discoveries northwest of the Former Monique open-pit gold mine and southwest of the A and B gold zones (see figure 1). Probe is now preparing for the 2019 winter drill program to follow up on the recent discoveries. Significant drill results are presented below.

“These initial results from drilling by Probe on the Monique gold project demonstrates the value of working with solid partners to develop our non-core projects,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “While these are still early-stage results, we believe that Probe’s technical team has the capacity to make the most of Monique’s strong exploration potential.”

Of the fourteen holes, seven were designed to test a large under-explored area North, West and northwest of the Former Monique Open Pit along the mineralized trend. Best assay results were from hole MO-18-03 at 159 metres depth (down hole), which returned 24.8 g/t Au over 2.2 metres in a larger interval grading 5.9 g/t Au over 10.5 metres. This hole is located 400 metres northwest of the Monique pit and proximal to our 100%-owned property.  Hole MO-18-09 was drilled 200 metres North of the Monique pit and also returned encouraging results with two gold zones intersected at 175 and 373 metres depth (down hole) grading respectively 20.5 g/t Au over 2.0 metres and 2.1 g/t Au over 7.6 metres. The deepest intercept corresponds to the extension of the in-pit gold mineralization 50 metres to the North and the other intercept is possibly the lateral extension of the new gold structure intersected in hole MO-18-03.

Five holes were drilled to test a weak IP anomaly located 50 to 200 metres southwest of the historic A and B gold zones, with all returning significant results between the surface and 130 metres depth. Gold mineralization is associated mainly with felsic dykes cross-cutting mafic volcanics. Holes MO-10-14, 11 and 10 returned the best intercepts grading respectively: 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres.

The remaining two holes were drilled 1 kilometre northeast of the Monique pit and tested a lone IP anomaly.  Neither hole returned significant gold values.

Mineralization intersected along the Monique Gold Trend is characterized mainly by sulphide-bearing quartz-carbonate-tourmaline veins and veinlets in mafic to ultramafic rocks or associated with mineralized dioritic or felsic dykes. Gold is generally associated with 1% to 5% finely disseminated pyrite, and visible gold is common. Rock units are generally altered with variable amounts of chlorite, carbonate, sericite and/or silica. Albite and fuschite alteration are locally observed. The orientation of the quartz vein systems is roughly parallel to the stratigraphy and to the deformation zones.

Assay results from selected drill holes are reported in the following table:

Selected drill results from the Monique drilling program1,2

Hole Number From (m) To (m) Length (m) Au (g/t) Area/Host Rock
MO-18-01 125.0 131.0 6.0 2.4 SW of AB / Felsic Dyke
MO-18-02 54.0 62.0 8.0 0.7 NW of OP / UM Rocks
MO-18-03 158.5 169.0 10.5 5.9 NW of OP / UM Rocks
including 162.8 165.0 2.2 24.8 NW of OP / UM Rocks
MO-18-04 360.5 371.0 10.5 2.4 NW of OP / UM Rocks
including 363.0 367.0 4.0 5.0 NW of OP / UM Rocks
MO-18-09 175.0 177.0 2.0 20.5 N of OP / UM Rocks
373.4 381.0 7.6 2.1 N of OP / UM Rocks
MO-18-10 108.0 120.8 12.8 2.4 SW of AB / Felsic Dyke
including 117.2 119.0 1.8 12.3 SW of AB / Felsic Dyke
MO-18-11 86.0 127.2 41.2 1.1 SW of AB / Felsic Dyke
including 91.0 92.0 1.0 22.1 SW of AB / Felsic Dyke
MO-18-12 123.5 130.7 7.2 1.9 SW of AB / Felsic Dyke
MO-18-14 94.0 101.0 7.0 3.8 SW of AB / Felsic Dyke
136.0 145.0 9.0 1.0 SW of AB / Felsic Dyke
(1) All the new analytical results reported in this release and in this table, are presented in core length and uncut. Additional drilling is planned for the immediate area which will enable the true width determination.
(2) Definitions: SW of AB =southwest of the AB zones, NW of OP = Northwest of the Former Monique Open Pit, N of OP = Northwest of the Former Monique Open Pit

About the Monique Property:

The Monique property is located 25 km east of Val-d’Or, in Quebec, and consists of 17 claims and one mining lease covering a total area of 546 hectares in the Louvicourt township. The property hosts a current inferred mineral resource of 107,500 tonnes at a grade of 4.88 g/t for 16,850 ounces of gold. From 2013 to 2015, the Monique open pit mine was in operation and a total of 0.58 Mt of ore was extracted at a grade of 2.5 g/t Au, from the surface to 100 metres depth for a total of 45,694 ounces of gold.

Gold mineralization on the Monique property has been identified in 12 zones, which are generally hosted by one of three deformation zones that cross the property from east to west. Gold mineralization is defined by a network of quartz/tourmaline/carbonate veins and veinlets, with associated disseminated sulphides, in the altered wall rocks.  Gold is frequently observed in the quartz-tourmaline veins.

Qualified Persons

The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, Executive Vice President of Probe, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Quality Control

During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: 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 five 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 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-partner-probe-metals-intersects-5-9-gt-gold-over-10-5-metres-on-monique-property-300735744.html

SOURCE Monarques Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2018/23/c5875.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2018

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#Gold jumps most in nearly 2 year on safe-haven demand $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 3:02 PM on Thursday, October 11th, 2018
  • Gold has finally woken up. The price of gold jumped 2.4 per cent on Thursday – the most in nearly 2 years – in a sign of safe haven buying amid a rout in global stock markets
  • The move is a sharp turnaround to gold’s recent performance

By: Henry Sanderson

Gold has finally woken up. The price of gold jumped 2.4 per cent on Thursday – the most in nearly 2 years – in a sign of safe haven buying amid a rout in global stock markets.

The move is a sharp turnaround to gold’s recent performance. Gold had fallen by 10 per cent before Thursday’s move higher, hit by a stronger dollar and rising US interest rates.

“As a stock market sell off continues gold is once again a desired destination in times of uncertainty,” Alfonso Esparza, senior market analyst at Oanda, a currency exchange, said. “The metal had lost some cache in minds of investors, but when there is no clear safe haven fonds are flowing to gold.”

US stocks turned sharply lower in morning trading on Thursday, with the S&P 500 down 0.6 per cent at 2769.35. Shares in London and Hong Kong also fell.

Gold last traded at $1,222 a troy ounce, its highest level since July 31.

Source: https://www.ft.com/content/ca08c226-cd78-11e8-b276-b9069bde0956

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#Gold inches up on safe-haven demand $AMK.ca $EXS.ca $MQR.ca

Posted by AGORACOM-JC at 10:22 AM on Wednesday, October 10th, 2018

  • Gold prices edged higher yesterday drawing some safe-haven bids from risk-averse investors as Asian stocks fell amid worries over a potential slowdown in China’s economic growth and as the dollar eased against the yen.
  • Spot gold was up 0,3 percent at $1 190,65 an ounce at 0355 GMT. On Monday, it fell 1,2 percent, its biggest one-day percentage fall since August 15, and also touched a more than one-week low of $1 183,19.

US gold futures rose 0,5 percent to $1 194,40 an ounce.

“Gold is getting some support from bargain hunting and also some safe haven support on concerns of a potential sell-off in equities,” said Stephen Innes, APAC trading head at OANDA in Singapore.

“I strongly believe the market is underpricing the potential for equity markets to derail. This is a key hedge for gold in my view.”

Asian shares hit 17-month lows on yesterday as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets, a shift that pressured other emerging currencies to depreciate to stay competitive.

The dollar slipped against the yen in Asia yesterday on simmering anxiety about higher US bond yields, the Sino-US trade war and political turmoil in Europe.

Meanwhile, the International Monetary Fund yesterday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows.

Gold has held in a $34 range for the last 1-1/2 months, which some analysts say suggests resilience. Worries over the damage to emerging market economies from higher US interest rates has spurred safe-haven bidding.

“The current political and economic climate will lead to people buying the dollar but after the dollar, gold is the next preference,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

“Today, there is some short-covering and we also see some fresh buying interest due to lower prices.”

Spot gold may end its weak bounce below a resistance at $1 193 per ounce, and then retest a support at $1 184, as suggested by a projection analysis, according to Reuters technical analyst Wang Tao.

Gold has fallen more than 13 percent from a peak in April largely due to the dollar’s strength, which reflects a vibrant US economy, rising US interest rates and trade tensions.

Among other precious metals, spot silver gained 0,5 percent to $14,41 platinum inched 0,2 percent up to $819,15 an ounce, and palladium was up 0,1 percent at $1 076,0. — Reuters.

Source: https://www.herald.co.zw/gold-inches-up-on-safe-haven-demand/

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INTERVIEW: $HPQ.ca Subsidiary Beauce #Gold Fields Discusses North-Eastern Extension to Major Fault Line + Upcoming Spin-Out

Posted by AGORACOM-JC at 3:08 PM on Friday, October 5th, 2018

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Monarques Gold $MQR.ca Intersects 43.25 g/t Au over 2.1 Metres and 25.92 g/t Au over 3.4 Metres on its Croinor Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:59 AM on Thursday, October 4th, 2018

Monarquesgold hub large

  • CR-18-636 returned 43.25 g/t Au over 2.1 metres, including 88.60 g/t Au over 1.0 metre in the 125-foot level bulk sample area, and Hole CR-18-647 returned 25.92 g/t Au over 3.4 metres in the 250-foot level bulk sample area.
  • Both these holes have increased the volume of ore planned to be mined. New wireframes for each area are being completed by an external consultant.
  • Continuous strong results warrant an additional 8,300 metres of drilling

MONTREAL, Oct. 4, 2018  – MONARQUES GOLD CORPORATION (“Monarquews” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report additional assay results from the 2018 diamond drilling program at its wholly owned Croinor Gold project 50 kilometres east of Val-d’Or, Québec. The initial 20,000-metre program started in March 2018 and focused on the expansion and infilling of the Croinor Gold deposit. The program was completed in early September with a total of 19,935 metres of core drilled in 89 holes. Drilling continued with one rig on the property and a second drill was added on September 17 to drill an additional 8,300 metres before the winter freeze.

The Phase 3 results are from a total of 6,790 metres of drilling in 36 holes (see longitudinal view). Assays have been received for 77 of the 89 holes drilled and logged (see table below and press releases dated July 10, 2018 and September 5, 2018).

The first 25 holes in the table below are from the two areas targeted for bulk sampling, on the 125-foot level and the 250-foot level of the old mine workings. These holes are infill and contour drill holes for the two zones, with a grid spacing of 10 metres by 10 metres, considering historical holes and holes drilled previously by Monarques. Hole CR-18-636 returned 43.25 g/t Au over 2.1 metres, including 88.60 g/t Au over 1.0 metre in the 125-foot level bulk sample area, and Hole CR-18-647 returned 25.92 g/t Au over 3.4 metres in the 250-foot level bulk sample area. Both these holes have increased the volume of ore planned to be mined. New wireframes for each area are being completed by an external consultant.

Near-mine exploration drilling has consistently returned positive results, with 8 of the 11 holes returning economic assays. Hole CR-18-653, drilled 41 metres up plunge from the nearest planned stope, returned 22.00 g/t Au over 1.1 metres, indicating that the gold system is still open to the west. Hole CR-18-649 is a down dip hole drilled into the host diorite to test the deposit at depth and returned 9.59 g/t Au over 1.0 metre, indicating that the deposit is still open at depth.

“We continue to be impressed by these high-grade results on Croinor Gold, which prompted us to drill an additional 8,300 metres,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “The success of our 2018 drilling program also shows that we have a better understanding of the deposit. This supplementary 8,300-metre drilling program is designed to pass between the planned stopes, where there are no drill results, to increase the tonnage in the Croinor Gold deposit before mining starts, and to drill around the periphery of the deposit to follow up on positive assay results to extend the resource to the west, where it is still open. As I have said before, we believe that the Croinor Gold discovery potential remains essentially untapped.”

Phase 3 drill results from the Croinor Gold project

 

* The width shown is the core length. True width is estimated to be 90-95% of the core length.

** 125=125 Foot Level Bulk Sample; 250=250 Foot Level Bulk Sample; NME=Near Mine Exploration.

*** Holes CR-18-648 and CR-18-649 were drilled down dip, parallel to the diorite, to test for the presence of multiple directions of quartz veining. The width shown is the core length. True width is estimated to be 30-35% of the core length.

 

Sampling normally consists 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.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: 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 five 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 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.

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SOURCE Monarques Gold Corporation

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$HPQ.ca Subsidiary Beauce #Gold Fields Receives Conditional Approval for Listing on the TSX Venture Exchange

Posted by AGORACOM-JC at 8:51 AM on Thursday, October 4th, 2018

Hpq large

  • Received conditional approval for a new listing from the TMX: TSX Venture Exchange (“Exchange”).
  • The new listing will trade under the reserved stock symbol BGF. 
  • As part of the conditional approval process, the Exchange has also approved a minimum concurrent BGFI private placement financing of $550,000.

MONTREAL, Oct. 04, 2018 — HPQ Silicon Resources Inc (“HPQ”) (TSX Venture: HPQ) is pleased to inform shareholders that HPQ subsidiary, Beauce Gold Fields Inc, (“BGF”) has received conditional approval for a new listing from the TMX: TSX Venture Exchange (“Exchange”). The new listing will trade under the reserved stock symbol BGF.  As part of the conditional approval process, the Exchange has also approved a minimum concurrent BGFI private placement financing of $550,000.

Patrick Levasseur, President and CEO of HPQ Beauce Gold Fields stated, “The listing of BGF will allow HPQ to unlock the full potential value of the Beauce Gold property through a fresh new entity that is starting with a tight capital structure.” Mr. Levasseur also stated “The Beauce is Canada’s last underexplored historical placer mining camp. It’s similar to the White Gold projects in the Yukon or the Cariboo district in BC, that were both placer gold mining camps as well, but recently had major gold discoveries. Combining our large claims holding in St-Simon-Les-Mines together with our increasing knowledge of the geology, we believe we have narrowed the search in exploring for a hard rock gold deposit”

TSX-V Conditional Approval and Concurrent Private Placement

The Listing of BGF is conditional to the submission and satisfactory review of the Listing Application, the required financial statements plus various supporting documents and the closing of the minimum Private Placement of $550,000.

In this regard, the Exchange has conditionally accepted the Company’s notice for filing in connection with the proposed transaction of a BGFI Private Placement on the following basis:

  1. A minimum of 1,666,666 flow-through units (FT Units) at the price of $0.12 per FT Unit and 3,500,000 hard-cash units (HC Units) at the price of $0.10 per HC Unit ($550,000); and
  2. A maximum of 1,666,666 FT Units at the price of $0.12 per FT Unit and 5,500,000 HC Units at the price of $0.10 per HC Unit ($750,000).

Each HC Unit will be comprised of one common share and one warrant to purchase one common share at the price of $0.15 per share for two years following the closing date. Each FT Unit will be comprised of one flow-through common share and one-half of one warrant, with each full warrant allowing the holder to purchase one common share at the exercise price of $0.18 per share for a period of two years following the closing date.

 

About Beauce Gold Fields

BGF is a wholly owned subsidiary of HPQ Silicon into which HPQ gold assets were transferred.   Subject to approval by TSX-V, HPQ is in the process of listing BGF as a new public junior gold company, following the approval by shareholders during HPQ AGM held on Aug. 10, 2018, of the proposed terms of the plan of arrangement.

The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometre long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). Textural observations (angularity) of gold nuggets suggest a relatively proximal source and therefore a short transport distance. The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries.  The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s (see HPQ SEDAR-filed report).

A Beauce Gold Fields presentation is available and can be downloaded via the following link. http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the 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 release.

For further information contact

Bernard J. Tourillon, Chairman, President and CEO HPQ Tel (514) 907-1011
Patrick Levasseur, COO HPQ, President and CEO BGF Tel: (514) 262-9239
www.HPQSilicon.com

Shares outstanding: 222,284,053

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