Why only one hole report? The press release said, "The drilling program started in December 2019 and was completed in mid-January 2020, with a total of 1,166 metres drilled in the seven holes"
Lab swamped? Samples sent in sequentially as completed by a single drill rig? Odd.
Drills from Sept. 5, 2019
Hole FA-19-107, which was drilled to intersect the southern part of the deposit, returned 50.94 g/t Au over 2.70 metres, including 124.08 g/t Au over 1.00 metre. Specks of gold were visible throughout the sample interval.
Hole FA-19-103, drilled in the centre of the deposit, 25 metres northeast of hole FA-19-107, returned 40.50 g/t Au over 4.86 metres, including 132.01 g/t Au over 1.00 metre, with multiple grains of visible gold in the sample interval. Sampling started at 2.64 metres down the hole, confirming the near-surface mineralization.
Hole FA-19-103 also returned an assay of 8.37 g/t Au over 6.10 metres (from 8.90 to 15.00 metres), including 30.72 g/t Au over 1.00 metre. The hole intersected two other economic intervals as well, returning 17.23 g/t Au over 5.3 metres (from 21.70 to 27.00 metres), including 43.79 g/t Au over 1.55 metres, and 11.03 g/t Au over 7.5 metres (from 34.5 to 42.0 metres), including 73.11 g/t Au over 0.56 metres.
https://stockhouse.com/news/press-releases/2019/09/05/monarch-gold-intersects-50-94-g-t-au-over-2-70-metres-and-40-50-g-t-au-over-4
Clearly a coarse gold deposit w/ promising grades. I don’t know enough about the geology of the deposit - any research links would be appreciated.
b.