- Hole CR-17-574 intersected 13.10 g/t Au over 4.0 metres, including 33.70 g/t Au over 1.0 metre, at a vertical depth of 58 metres.
- Hole CR-17-577 intersected 7.84 g/t Au over 9.0 metres, including 37.80 g/t Au over 1.0 metre and 12.70 g/t Au over 0.8 metres, at a vertical depth of 197 metres.
- Hole CR-17-578 intersected 7.76 g/t Au over 5.7 metres, including 14.30 g/t Au over 1.1 metres and 9.22 g/t Au over 2.6 metres, at a vertical depth of 203 metres.
- The new results are additional evidence that the geological model provides predictability and the Croinor Gold deposit remains open along strike and at depth.
MONTREAL, Dec. 14, 2017 /PRNewswire/ - MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report new results for its 2017 drilling program at Croinor Gold, including for the Gold Bug sector. These are the final results for the drilling program, which consisted of 26 holes totalling 9,388 metres of drilling on the Croinor Gold deposit and 26 holes totalling 5,457 metres in the Gold Bug sector (see Drilling location map).
"This was a successful drilling program because it enabled us to increase the size of the Croinor deposit, which remains open along strike and at depth," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. "Our understanding of the deposit improves with each new hole drilled. The controls on mineralization we are using appear to be appropriate. Our strategy is to continue testing the mineralization at depth and to drill some holes at the east and west ends of the deposit. We will also drill holes in areas of the Croinor Gold deposit where we lack information, and will try to increase the indicated resource for the zones of the block model. We also obtained interesting results for the Gold Bug sector that will allow us to better plan our next phase of work on this very promising sector."
Croinor Gold Deposit
Drilling on Croinor Gold had two objectives: (1) to validate the geological interpretation and dip of the mineralized zones and (2) to discover new zones at depth. Consequently, the Corporation did both definition and exploration drilling.
All the drilling of the 2017 program achieved one or both objectives. The definition drilling intersected the known mineralized zones in areas where the drilling density was not considered high enough. The additional intersections should help increase confidence in the resource contained in the zones drilled. The best intersections were obtained in holes CR17-574, CR-17-577 and CR-17-578 (see Sections 100W and 240W), which returned significant gold grades over reasonable widths.
| HOLE | TYPE OF
DRILLING | FROM | TO | WIDTH* | GRADE AU |
| (M) | (M) | (M) | (G/T) |
| CR-17-574 | DEFINITION | 66.0 | 70.0 | 4.0 | 13.10 |
| INCLUDING | | 67.0 | 68.0 | 1.0 | 33.70 |
| CR-17-574 | DEFINITION | 127.4 | 129.0 | 1.6 | 1.74 |
| CR-17-577 | DEFINITION | 229.1 | 238.1 | 9.0 | 7.84 |
| INCLUDING | | 232.0 | 233.0 | 1.0 | 37.80 |
| INCLUDING | | 237.3 | 238.1 | 0.8 | 12.70 |
| CR-17-577 | DEFINITION | 250.2 | 253.0 | 2.8 | 1.51 |
| INCLUDING | | 251.0 | 252.0 | 1.0 | 3.80 |
| CR-17-578 | DEFINITION | 222.9 | 228.6 | 5.7 | 7.76 |
| INCLUDING | | 222.9 | 224.0 | 1.1 | 14.30 |
| INCLUDING | | 226.0 | 228.6 | 2.6 | 9.22 |
* The width is the length of the core. True width is estimated at 80-90% of the core length for the definition drilling.
In addition, exploration holes CR-17-562, CR-17-563 and CR-17-565 identified a new mineralized zone at depth, although the grade intersected is not very significant. Hole CR-17-581 was drilled to follow up on another mineralized zone at depth intersected previously by CR-17-547 (see press release dated August 31, 2017). The presence of sericite alteration and quartz veins confirms the existence of the mineralized structure.
| HOLE | TYPE OF
DRILLING | FROM | TO | WIDTH* | GRADE AU |
| (M) | (M) | (M) | (G/T) |
| CR-17-562 | EXPLORATION | 285.9 | 289.0 | 3.1 | 6.46 |
| CR-17-562 | EXPLORATION | 317.5 | 318.2 | 0.7 | 3.36 |
| CR-17-563 | EXPLORATION | 292.0 | 294.0 | 2.0 | 2.34 |
| CR-17-565 | EXPLORATION | 177.0 | 180.0 | 3.0 | 1.50 |
| INCLUDING | | 181.9 | 182.5 | 0.6 | 1.73 |
| CR-17-565 | EXPLORATION | 277.9 | 286.8 | 8.9 | 2.15 |
| INCLUDING | | 280.0 | 286.0 | 6.0 | 2.87 |
| CR-17-581 | DEFINITION | 386.0 | 388.0 | 2.0 | 1.70 |
| CR-17-581 | DEFINITION | 396.9 | 405.0 | 8.1 | 1.08 |
| INCLUDING | | 396.9 | 398.0 | 1.1 | 5.61 |