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Monarch Mining Corp GBARF

Metals & Mining Gold
Monarch Mining Corporation is a Canada-based is a gold mining company. The Company owns three projects, such as the Beaufor, McKenzie Break, and Swanson projects. It holds a 100% interest in the Beaufor Mine, which is on care and maintenance. The property consists of two mining leases, a mining concession and approximately 23 mining claims covering an area of 5.9 square kilometers (km2). The McKenzie Break property covers 7,848 hectares (78.5 km) and is located 20 kilometers north of the Beacon Mill and 10 kilometers (km) south of the town of Barraute, Quebec. The Swanson property consists of a mining lease plus a total of 129 claims covering an area of 5,211 ha. The property lies 65 km northeast of Val-d'Or and just 50 km north of Monarch's wholly owned 750 tpd Beacon mill. The Company owns 14,316 hectares of mining assets in the prolific Abitibi mining camp that hosts a combined measured and indicated gold resource of 478,982 ounces and a combined inferred resource of 383,393 ounces.


GREY:GBARF - Post by User

Monarch Mining Corp
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Post by loonietuneson Nov 14, 2023 7:19pm
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Post# 35735723

News out tonight

News out tonight

 

Monarch Mining creditor files request under CCAA

 

2023-11-14 18:30 ET - News Release

 

Mr. Jean-Marc Lacoste reports

MONARCH ANNOUNCES THE FILING OF A PROCEDURE UNDER CCAA

Investissement Quebec, one of Monarch Mining Corp.'s creditors, has filed a request pursuant to the Companies' Creditors Arrangement Act with the Quebec Superior Court to place the corporation under the protection of the CCAA.

Further updates and details will be provided as appropriate.

About Monarch Mining Corp.

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