Posts Tagged ‘gold’
INTERVIEW: $HPQ.ca Subsidiary Beauce #Gold Fields Discusses North-Eastern Extension to Major Fault Line + Upcoming Spin-Out
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
- 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
$HPQ.ca Subsidiary Beauce #Gold Fields Receives Conditional Approval for Listing on the TSX Venture Exchange
- Received conditional approval for a new listing from the TMX: TSX Venture Exchange (“Exchangeâ€).
- The new listing will trade under the reserved stock symbol BGF.Â
- 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 (“HPQâ€) (TSX Venture: HPQ) is pleased to inform shareholders that HPQ subsidiary, Beauce Gold Fields Inc, (“BGFâ€) has received conditional approval for a new listing from the TMX: TSX Venture Exchange (“Exchangeâ€). 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 depositâ€
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:
- 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
- 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
$HPQ.ca Subsidiary Beauce #Gold Field Identifies North-Eastern Extension to the Major Fault Line Beneath the Beauce Placer Gold Channel
- Newly completed geophysical and geological studies along the Rang VI road on HPQ Beauce Gold Fields subsidiary Gold property located in St-Simon-Les-Mines, Quebec has identified a 1.5 km northeastern extension of the previously identified major fault line (May 11, 2017 release) beneath the Beauce placer gold channel
- Furthermore, the geophysical and geological study along the road has also identified additional exploration targets for gold and base metal sulphide mineralizations.
MONTREAL, Oct. 02, 2018 – HPQ Silicon Resources Inc (“HPQâ€) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to inform shareholders that a newly completed geophysical and geological studies along the Rang VI road on HPQ Beauce Gold Fields subsidiary Gold property located in St-Simon-Les-Mines, Quebec has identified a 1.5 km northeastern extension of the previously identified major fault line (May 11, 2017 release) beneath the Beauce placer gold channel. Furthermore, the geophysical and geological study along the road has also identified additional exploration targets for gold and base metal sulphide mineralizations.
Patrick Levasseur, President and CEO of HPQ Beauce Gold Field stated, “This is another strong line of evidence that narrows our search to find the hard rock source of the St-Simon-Les-Mines gold placers.â€Â Mr. Levasseur also stated, “We’re also very excited by the potential for discovery of massive sulphide deposits within the volcanoclastic rocks of the Beauceville Formation.â€
MAJOR FAULT LINE UNDER PLACER GOLD CHANNEL, AN INDICATOR OF HARD ROCK SOURCE
The Gilbert River basin (about section 3,200m on Figure 1) is marked by a strong contrast of electrical resistivity values on both sides of the river believed to represent a thrust or shear contact between sedimentary and volcanic rocks. Rocks south of the river are dominantly sedimentary and show the presence of formation conductors present mostly in synformal fold structures while north of the river the rocks are generally volcanic in origin, including volcaniclastic strata, are generally more resistive, and the conductive units narrower and shallower. This discontinuity corresponds also to the position of a linear anomaly of the total magnetic field and its tilt derivative field, which suggests the presence of a magnetic discontinuity related to the presence of a major fault zone, which the Gilbert River follows (Point F3 on Figure 1).
Parallel to the Gilbert river, under 15 to 40 meters of overburden, hosts a placer channel that is 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 (NI 43-101 Beauce Gold Property Report, Violet July 4 2018).
POTENTIAL FOR POLYMETALLIC MASSIVE SULPHIDE MINERALISATION
The survey data shows the presence of several conductors in the rocks from the Beauceville Formation (C3, C5, C6, C7, C8, C9, C10 and C11). Some of these conductors are related to graphitic shales (C3, C6, C7) but other are associated with magnetic anomalies (C8, C9 and C11) and could be exploration targets for massive sulphide mineralization. The rocky outcrops present along the Rang VI Road have also been mapped. Several generations of quartz veins, sometimes associated with sulphides, intersect the rocks of the Beauceville Formation in the northern part of the Rang VI road. These veins testify to hydrothermal processes affecting the sedimentary and volcanic rocks of the area.
In addition to specifying the structural context of the St-Simon-les-Mines gold sector, the geophysical work of 2016 was extended in 2017 to the north-east to document the deep geology of the northern part of the Beauceville Formation. Â This area is characterized by a greater proportion of volcanoclastic and volcanic rocks and a geological context similar to that of the Champagne massive sulphide deposit in the St-Magloire area (Bellechasse gold belt). Â The audiomagnetotelluric data of the St-Gustave road section suggest the presence of a large conductor (conductor IV) with an estimated thickness of about 50 m and vertical extension in the order of 400 m (Fig. 1). This structure could correspond to a massive polymetallic sulphide mineralization. Additional work is planned to specify the geometry of this conductor.
Audiomagnetotellurics (AMT), Frequency Domain Electromagnetic (FDEM) Surveys
The work, carried out under the supervision of Professor Marc Richer-LaFlèche, Ph.D., P. geo, from INRS-Center Eau Terre et Environnement of Québec conducted a multidisciplinary geophysical and geological study to document the deep geological context of the Magog Group and, more specifically, of the Beauceville Formation (Bellechasse gold belt) under the St-Simon-les-Mines gold placer.
A 5.6 km long Audiomagnetotellurics (AMT) survey (113 stations per 50m) was conducted as well as a Frequency Domain Electromagnetic (FDEM) survey (112 stations) along Rang VI road.
The purpose of this survey was to assess the deep geology of this area and to verify the probable northeasterly extension of deep structures detected during the AMT survey conducted in 2016 on St-Gustave Rang Road (May 11 2017 PR). The study of the geology and deep geophysics of rocks of the Beauceville Formation in order to improve the structural and metallogenic understanding of the region using AMT and FDEM method is used to locate potential fluid circulation corridors (faults) responsible for the emplacement of orogenic gold mineralization and to detect strong magnetic conductors potentially related to VMS or SEDEX mineralizations.
Marc Richer-LaFlèche PhD, P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this press release.
Bernard J. Tourillon, Chairman, President and CEO of HPQ Silicon stated, “We are very excited by the confirmation of the extension of the fault line beneath the Placer Channel. Once listed, Beauce Gold Fields will represent a unique opportunity for HPQ investors to have shares in two dedicated companies focused on building market awareness for their projects, progress, plans and success.â€
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
Three photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/12f1f29d-dafe-4a80-9313-e98ab7f46ec2
http://www.globenewswire.com/NewsRoom/AttachmentNg/c24db851-7af8-484c-ab1c-ed8c17ac268e
http://www.globenewswire.com/NewsRoom/AttachmentNg/4611ec3e-3918-4e7b-984b-2dcc1a63c771
Monarques Gold $MQR.ca Presents the Initial Parameters for the Feasibility Study on its Wasamac #Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
- Presented the initial parameters today for the feasibility study to be carried out on its Wasamac gold property by BBA
- The study, to be completed in December 2018, will include assessment, design, engineering and costing for the mine, the processing plant, the tailings management facility and all the related services and infrastructure required to develop and mine the Wasamac deposit
MONTREAL, Sept. 25, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) presented the initial parameters today for the feasibility study to be carried out on its Wasamac gold property by BBA. The study, to be completed in December 2018, will include assessment, design, engineering and costing for the mine, the processing plant, the tailings management facility and all the related services and infrastructure required to develop and mine the Wasamac deposit.
Monarques is taking a different approach to the project than Wasamac’s previous owner. The Corporation will harness the latest technology and use a top-down rather than a bottom-up mining method in its attempt to put the Wasamac deposit into production at the best possible cost. Furthermore, the Corporation is opting for twin ramps and the use of the Rail-Veyor system underground to haul the mineralized material close to the railway, which will eliminate the hefty capital expenditures associated with building a shaft. The Rail-Veyor system is a promising new technology currently in use at Agnico Eagle’s Goldex project in Val-d’Or (see the Goldex Rail-Veyor system).
The study also assumes a production rate of 6,000 tonnes per day. In addition, the land acquired for the mill and tailings facility provides major advantages as it lies alongside the Ontario Northland railway track, on the other side of the Trans-Canada Highway, farther away from the local communities.
“We are working hard to make Wasamac a success, both economically and for the local communities,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “We want this project to fulfill the economic and environmental criteria and meet the local communities’ requirements, and we are confident that with BBA’s help, we can achieve that goal. We are also keeping open the option of custom milling the ore at one of the sites identified by BBA’s previous study (see map of potential sites).”
The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, 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 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.
Table 1 – Best drilling results on Wasamac
| Hole Number | Length (metres) |
From (metres) |
To (metres) |
True Width (metres) |
Au Cut Grade(1) (g/t) |
Ag Cut Grade(1) (g/t) |
Zone | Vertical Depth of Intersection (metres) |
| WS-11-61 | 705 | 544.00 | 627.00 | 65.66 | 2.16 | – | Main | 578 |
| WS-11-65 | 849 | 738.00 | 792.90 | 46.60 | 3.45 | – | Main | 713 |
| WS-11-66A | 174 | 507.20 | 590.00 | 68.42 | 2.66 | – | Main | 534 |
| WS-11-72 | 610 | 502.00 | 541.75 | 31.40 | 7.28 | – | Main | 513 |
| WS-282-01 | 616 | 483.00 | 563.53 | 69.47 | 2.97 | – | Main | 506 |
| WS-282-02 | 615 | 476.85 | 540.00 | 52.80 | 6.40 | 0.85 | Main | 488 |
| WS-282-03 | 591 | 450.20 | 535.00 | 71.76 | 2.83 | 0.31 | Main | 470 |
| WS-289-01 | 597 | 493.20 | 567.30 | 56.70 | 3.70 | – | Main | 526 |
| WS-292-01 | 618 | 537.50 | 581.00 | 34.94 | 4.61 | 1.19 | Main | 549 |
| WS-302-02 | 678 | 570.00 | 611.80 | 29.89 | 3.70 | – | Main | 590 |
| WS-11-107 | 531 | 497.00 | 502.17 | 4.01 | 6.11 | – | 1 | 469 |
| WS-11-123 | 826 | 703.20 | 748.00 | 37.14 | 2.45 | – | 1 | 675 |
| WS-11-74A | 870 | 786.95 | 826.00 | 32.88 | 2.17 | – | 2 | 752 |
| WS-390-01 | 618 | 526.70 | 543.70 | 11.77 | 3.43 | – | 2 | 529 |
| WS-392-02 | 391 | 310.00 | 319.00 | 7.01 | 3.80 | 7.34 | 2 | 303 |
| WS-393-01 | 558 | 492.60 | 505.00 | 9.45 | 3.37 | 4.42 | 2 | 487 |
| WS-403-03 | 447 | 383.80 | 392.30 | 7.20 | 7.12 | – | 2 | 355 |
| WS-404-02 | 480 | 398.25 | 411.80 | 11.11 | 5.16 | 0.73 | 2 | 384 |
| WS-406-01 | 406 | 331.40 | 346.40 | 12.11 | 3.56 | – | 2 | 322 |
| WS-11-95 | 608 | 550.20 | 565.80 | 12.17 | 4.52 | – | 3 | 550 |
| WS-11-100 | 676 | 597.80 | 615.30 | 12.87 | 3.63 | – | 3 | 600 |
| WS-11-113A | 486 | 431.55 | 443.00 | 11.26 | 2.96 | – | 3 | 316 |
| WS-458-02 | 441 | 327.35 | 338.00 | 7.81 | 5.19 | 0.53 | 3 | 310 |
| WS-480-01 | 679 | 578.00 | 585.00 | 5.22 | 7.09 | 2.00 | 4 | 550 |
| (1) High values are cut at 35 g/t |
Table 2 – Monarques Gold Measured and Indicated Resource
| Tonnes
(metric) |
Grade (g/t Au) |
Ounces | |
| Wasamac property1 | |||
| Measured Resources | 3.99 M | 2.52 | 323,300 |
| Indicated Resources | 25.87 M | 2.72 | 2,264,500 |
| Total | 29.86 M | 2.70 | 2,587,900 |
| Croinor Gold mine2 | |||
| Measured Resources | 80,100 | 8.44 | 21,700 |
| Indicated Resources | 724,500 | 9.20 | 214,300 |
| Total | 804,600 | 9.12 | 236,000 |
| Swanson property3 | |||
| Indicated Resources (pit constrained) | 1,694,000 | 1.80 | 98,100 |
| Indicated Resources (underground) | 58,100 | 3.17 | 5,900 |
| Total | 1,752,100 | 1.85 | 104,100 |
| McKenzie Break property4 | |||
| Indicated Resources (pit constrained) | 939,860 | 1.59 | 48,133 |
| Indicated Resources (underground) | 281,739 | 5.90 | 53,448 |
| Total | 1,221,599 | 2.58 | 101,581 |
| Beaufor Mine5 | |||
| Measured Resources | 74,400 | 6.71 | 16,100 |
| Indicated Resources | 271,700 | 7.93 | 69,300 |
| Total | 346,200 | 7.67 | 85,400 |
| Simkar Gold property6 | |||
| Measured Resources | 33,570 | 4.71 | 5,079 |
| Indicated Resources | 208,470 | 5.66 | 37,905 |
| Total | 242,040 | 5.52 | 42,984 |
| TOTAL COMBINED | |||
| Measured and Indicated Resources | 3,157,865 |
| 1 Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc. |
| 2Â Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016) |
| 3 Source: NI 43â€101 Technical Report on the Swanson Project, June 20, 2018, Christine Beausoleil, P.Geo., and Alain Carrier, P.Geo., M.Sc., of InnovExplo Inc. |
| 4 Source: NI 43â€101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc. and Christian D’Amours, P.Geo., of GeoPointCom Inc. |
| 5 Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine as at September 30, 2017, Val-d’Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng. |
| 6 Source: MRB et Associés (January 2015) |
Monarques Gold $MQR.ca Starts Diamond Drilling Program on its McKenzie Break Property $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
- Goal is to increase the 165,608-ounce pit-constrained/underground gold resource
- Announced the start of a new 8,350-metre diamond drilling program on its wholly-owned McKenzie Break gold property
- located 25 kilometres north of Val-d’Or, near Monarques’ Camflo and Beacon mills.
- Drilling started on September 13 with one drill, and a second drill will be added as the work progresses
MONTREAL, Sept. 18, 2018 – MONARQUES GOLD CORPORATION (“Monarques”, “Monarques Gold” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce the start of a new 8,350-metre diamond drilling program on its wholly-owned McKenzie Break gold property, located 25 kilometres north of Val-d’Or, near Monarques’ Camflo and Beacon mills. Drilling started on September 13 with one drill, and a second drill will be added as the work progresses.
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit hosted in the dioritic Pascalis batholith and underlain by porphyritic diorite and mafic and felsic volcanic rocks. On June 14, 2018, the Corporation reported an NI 43-101 pit-constrained resource of 48,133 ounces in the Indicated category and 14,897 ounces in the Inferred category on the property, as well as an underground resource of 53,448 ounces in the Indicated category and 49,130 ounces in the Inferred category, for a total of 165,608 ounces of gold (see press release dated June 14, 2018).
Historical drilling on the property totals 258 holes and 37,750 metres of core, most of which targeted the Green and Orange zones. The average length of the holes was only 150 metres. The current 39-hole drilling program will consist of holes 150 to 350 metres long to test the property’s potential at depth below the known lenses and on the periphery of the Green and Orange zones (see projected drilling map). The peripheral holes represent infill drilling in areas where information is missing, and could lead to an increase in the size of the planned open pit.
“The McKenzie Break property has great exploration potential,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “It has the advantages of being high grade at depth and easily accessible, as the average overburden thickness is only 5 metres, meaning that we could put the project into production relatively quickly. The program is aimed at increasing the property’s pit-constrained resource and exploring its potential at depth.”
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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-starts-diamond-drilling-program-on-its-mckenzie-break-property-300714587.html
SOURCE Monarques Gold Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/18/c2592.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
CLIENT FEATURE: Explor Flagship $EXS.ca Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca
Why Explor Resources?
- Flagship Property Offers The Following:
- NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
- Property Is 13 KM From Downtown Timmins
- Preliminary Metallurgical Testing on the low grade near surface gold ore completed
FULL DISCLOSURE: Explor Resources is an advertising client of AGORA Internet Relations Corp.
INTERVIEW: Advance Gold $AAX.ca Discusses Aggressive Exploration Program at Tabasquena Silver Mine in Mexico
$NSM.ca Northern Sphere Mining Corp. Announces Purchase of the Scadding and Arizona Interests from Joint Venture Partner $FCX
- Acquired remaining 20% ownership in Scadding and Black Diamond
- NSM now controls 100% of each property making them each more attractive for investment
- NSM has complete control over both projects
- Black Diamond in Arizona site of exceptional multi-element soil geochemisty results
Toronto, Ontario–(Newsfile Corp. – September 14, 2018) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF)Â (“Northern Sphere” or the “Company”) is pleased to announce that it has acquired for nominal consideration Trueclaim Exploration Inc.’s (TSXV: TRM) remaining 20% interest in the joint ventures for the mineral property located in Scadding, Ontario and in Globe, Arizona.
“This is a meaningful acquisition for Northern Sphere. We believe that the projects at our Scadding and Arizona properties have a great deal of potential,” says A. John Carter, Chief Executive Officer of Northern Sphere. “As a result of this acquisition, we now have complete control over these projects and we are better positioned to move them forward.”
About Northern Sphere Mining Corp.
Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. In efforts to expedite and optimize mineral targeting on its assets, the Company is employing cutting-edge exploration technologies to generate robust mining projects. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.
Cautionary Statements
This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.
For further information, please contact:
A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843
GGX Gold Drilling Intersects 12.45 g/t Gold and 121 g/t Silver over 0.85 Meters — Everest Vein — Gold Drop Property, Southern British Columbia $K.ca $TUSK.ca
- Diamond Drill results for Everest Vein holes EVE18 – 7 to 18, on the Gold Drop property
- Highlight is EVE18-12 intersecting 12.45 g/t gold and 121 g/t silver over 0.85m of altered granodiorite
- Everest Vein 2018 drill holes are located 350 to 800m south of the area of 2017 and 2018 COD Vein drill holes.
Vancouver, British Columbia (FSCwire) – GGX Gold . (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company†or “GGXâ€) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes EVE18-7 to EVE18-18 which tested the area of the Everest Vein, located in the Gold Drop Southwest Zone. The 2018 drilling also tested the COD Vein, located in the Gold Drop Southwest Zone, north of the Everest Vein. The highlight from these analytical results is 12.45 g/t gold and 121 g/t silver over 0.85 meter core length in altered granodiorite in drill hole EVE18-12.
Gold bearing altered granodiorite in drill hole EVE18-12
(12.45g/t Gold over 0.85meters)
To view the graphic in its original size, please click here
The Everest Vein, located south of the COD Vein, was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).
The analytical results listed below are highlights from drill holes EVE18-7 to COD18-18 (intersections greater than 1 g/t gold), testing the area of the Everest Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).
| Hole ID | From (m) | To (m) | Interval Length (m) | Au (g/t) | Ag (g/t) | Te (g/t) |
| EVE18-10 | 52.34 | 52.97 | 0.63 | 2.72 | 20.7 | 14.9 |
| EVE18-12 | 40.41 | 41.26 | 0.85 | 12.45 | 121 | 91.2 |
| EVE18-12 | 43.65 | 43.90 | 0.25 | 1.42 | 5.57 | 4.48 |
| EVE18-13 | 46.42 | 47.34 | 0.92 | 1.32 | 12.8 | 9.9 |
| EVE18-16 | 18.30 | 19.48 | 1.18 | 1.07 | 9.72 | 8.16 |
| EVE18-16 | 20.09 | 20.72 | 0.63 | 3.00 | 31.2 | 22.0 |
The intersection at 40.41-41.26 meters in drill hole EVE18-12 is altered granodiorite with pyrite. The other intersections listed in the preceding table are altered granodiorite with pyrite and / or veining (quartz and or calcite).
To view the graphic in its original size, please click here
The 2018 drilling program also focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15, August 22, August 30 and September 6. These included holes in the area of the 2017 trench and holes southwest of the 2017 trench. More significant gold intersections (core length) to date from the 2018 program at the COD and Everest veins are as follows:
- COD18-3: Â Â Â Â Â 14.62 g/t Au over 2.1 meters
- COD18-26: Â Â Â 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
- COD18-28:Â Â Â Â 11.3 g/t Au over 0.51 meters
- COD18-33:Â Â Â Â 8.65 g/t Au over 2.98 meters
- COD18-34:Â Â Â Â 6.16 g/t Au over 3.41 meters
- COD18-37:Â Â Â Â 8.23 g/t Au over 3.95 meters
- COD18-45:Â Â Â Â 50.1 g/t Au over 2.05 meters
- COD18-46:Â Â Â Â 54.9 g/t Au over 1.47 meters
- COD18-49:Â Â Â Â 9.52 g/t Au over 1.47 meters
- COD18-54: Â Â Â 7.60 g/t Au over 1.66 meters
- EVE18-5:Â Â Â Â Â Â Â 10.55 g/t Au over 0.45 meters
- EVE18-12:Â Â Â Â Â 12.45 g/t Au over 0.85 meters
The Everest Vein 2018 drill holes are located approximately 350 to 800 meters south of the area of 2017 and 2018 COD Vein drill holes.
In addition to the gold discovered by the Company at the COD and Everest veins, gold mineralization is reported in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.
Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, 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
Investor Relations:
Mr. Jack Singh, 604-488-3900Â Â [email protected]
“ We don’t have to do this, we get to do this â€
The Crew
