Monarch Mining Corp GBARF

Monarch Continues to Expand Size of McKenzie Break

[Betteryear2]

• 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)

[ggrellette]

The company releases drill results that will further the project along with ZERO market reactions. I do realize the drill results were not eye popping but definitely provided the company more information about the geology.