- Monarch (GBAR) has yielded up to 184.5 g/t gold over 1.5 m from its Swanson Project
- The result is included within 27.79 g/t gold over 10.18 m at a vertical depth of 195 m
- An additional highlight includes 29.4 g/t gold over 1.2 m and 8.5 g/t gold over 0.52 m within a broader zone of 2.63 g/t gold over 18.52 m
- CEO Jean-Marc Lacoste sat down with Dave Jackson to comment on the results
- Monarch Mining is a fully integrated mining company focused on four advanced projects
- Monarch (GBAR) is up by 1.54 per cent trading at $0.66 per share
Monarch (GBAR) has yielded up to 184.5 g/t gold over 1.5 m from its Swanson Project.
The 2021-2022 drilling program aims to expand the limits of the defined mineralized zones in all directions.
The high-grade results to date include visible gold and stem from outside and below the current pit shell on the Quebec property.
Based on the positive results, Monarch has doubled its drilling program to 10,000 m.
Swanson has a combined in-pit and underground indicated resource of 1,945,000 tonnes at 1.82 g/t gold totalling 113,800 ounces, as well as an inferred resource of 116,000 tonnes at 2.76 g/t gold for another 10,300 ounces.
CEO Jean-Marc Lacoste sat down with Dave Jackson to comment on the results.
Significant assay results at the Swanson Property
Hole | From (m) | To (m) | Width (m) | Au (g/t) |
| SW-21-001 | 183.00 | 184.50 | 1.50 | 0.51 |
| SW-21-002 | 71.00 | 72.50 | 1.50 | 1.73 |
| 161.50 | 163.00 | 1.50 | 1.54 | |
| 188.50 | 189.08 | 0.58 | 4.40 | |
| SW-21-003 | 62.50 | 64.00 | 1.50 | 1.28 |
| SW-21-004 | 100.80 | 119.32 | 18.52 | 2.63 |
| including | 100.80 | 102.00 | 1.20 | 29.40 |
| and | 118.80 | 119.32 | 0.52 | 8.50 |
| SW-22-006 | 167.00 | 168.10 | 1.10 | 2.90 |
| 219.82 | 230.00 | 10.18 | 27.79 | |
| including | 226.00 | 227.50 | 1.50 | 184.50 |
| 256.50 | 258.00 | 1.50 | 1.44 | |
| SW-22-007 | 126.00 | 334.00 | 208.00 | 0.65 |
| including | 126.00 | 130.00 | 4.00 | 1.06 |
| and | 133.50 | 136.45 | 2.95 | 2.56 |
| and | 166.00 | 169.00 | 3.00 | 3.18 |
| including | 166.00 | 166.60 | 0.60 | 12.85 |
| and | 188.00 | 193.00 | 5.00 | 1.02 |
| and | 202.38 | 203.35 | 0.97 | 4.27 |
| and | 210.75 | 211.60 | 0.85 | 2.56 |
| and | 217.75 | 223.00 | 5.25 | 1.55 |
| and | 239.00 | 239.75 | 0.75 | 7.58 |
| and | 245.00 | 246.00 | 1.00 | 1.36 |
| and | 250.00 | 250.35 | 0.35 | 2.47 |
| and | 278.00 | 278.30 | 0.30 | 1.26 |
| and | 293.72 | 294.00 | 0.28 | 4.63 |
| and | 295.70 | 296.00 | 0.30 | 2.10 |
| and | 299.70 | 300.25 | 0.55 | 6.27 |
| and | 307.60 | 316.00 | 8.40 | 1.43 |
| and | 316.00 | 334.00 | 18.00 | 2.35 |
Monarch Mining is a fully integrated mining company focused on four advanced projects.
Monarch Mining Corp. (GBAR) is up by 1.54 per cent trading at $0.66 per share as of 11:59 am EST.