Monarch Gold Corporation T.MQR

Metals & Mining Industrial Metals & Minerals

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

Monarch Gold Corporation > Big opportunity

<< Previous

Bullboard Posts

Next >>

Comment by kukamanon Jun 07, 2020 6:38am

171 Views

Post# 31121228

RE:Big opportunity

Indeed, lots of potential at the Beaufor Mine. According to previous presentations from the CEO there is the potential for ~ 714,000 new ounces with the upcoming drilling program paid by CDPQ (Caisse de dpt et placement du Qubec). The deposit still holds excellent high-grade resource potential.

The Beaufor Mine produced 14,856 oz of gold in 2018. Let's hope with the results of the drilling program the annual production will increase above 20,000 oz of gold per year.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale