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Monarch Gold Corporation T.MQR

Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.


TSX:MQR - Post by User

Post by awacs1on Mar 13, 2019 7:53pm
154 Views
Post# 29482480

Wasamac question

Wasamac questionHi, I am in KL, WM and other in this sector. My interest in MQR was raised because WM is using the Camflo mill for the 35,000 tonne bulk sample and have noted that the results have been relatively slow due to demand on the mill from other users. Why has the Beacon Hill mill not been activated? It appears the demand is adequate.
In the presentation on Wasamac they indicate a mine rate of 6000tpd but the Camflo mill is rated at 1600 tpd. Is there a plan to concentrate the ore on site? How is it transported to the mill?
This looks very promising but is entering that doldrum phase of financing and construction. I assume that Alamo and others will step up with the CAPEX funds, and how long before the first pore of gold?
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