GREY:GBARF - Post by User
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Betteryear2on May 09, 2023 1:53pm
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Monarch Continues to Expand Size of McKenzie Break
Monarch Continues to Expand Size of McKenzie Break - Monarch reports gold assays from 13 drill holes of its 2022 McKenzie Break drilling program.
- Hole MK-22-348 intersects an impressive 1.77 g/t Au over 31.0 m, including a higher grade section of 2.83 g/t Au over 15.6 m along the southeast limit of the current proposed pit shell.
- Notable broad zones of mineralization include 1.33 g/t Au over 9.35 m (MK-22-342) with the potential to extend the pit shell to the south, and 1.54 g/t Au over 14.91 m (MK-22-363) at the northeast limit of the drilling area.
- Higher grade mineralization includes 9.09 g/t Au over 1.48 m (MK-22-363) and 8.54 g/t Au over 1.40 m (MK-22-367).
- Results from the 2022 drilling program confirm that the pit shell and underground mineral resource can be expanded beyond the limits defined in the 2021 mineral resource estimate.
- Assays are pending for 17 holes.
MONTREAL, May 09, 2023 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) is pleased to report additional results from the 2022 drilling program on its wholly-owned McKenzie Break gold project, located 25 kilometres north of the Corporation’s wholly owned Beacon mill.
Monarch Continues to Expand Size of McKenzie Break With (globenewswire.com)