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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

Comment by locomocoon Sep 13, 2020 12:55pm
269 Views
Post# 31550002

RE:Potential Kiena deep equivalent discoveries

RE:Potential Kiena deep equivalent discoveriesMonarch has amazing potential with their properties which is testament to their strong management team in the last 7 years to build the portfolio of assets. Exciting to hear about Camflo progressing to eventual drilling program in this coming year. Chief geologist of Camflo said he felt there were zones with high grade potential left behind when Barrick decided to close Camflo in early 90s. Since then, no further drilling and exploration done. What is interesting here is Monarch is starting to look at Camflo and by proximity to Marlartic Mine and fact that Yamana has JV in Malartic and is an investor in Monarch makes Camflo mine extremely interesting from a strategy stand point. IMO, if Camflo does become like a Kiena Deep scenario with high grade gold discovered and confirmation of hundreds of thousands of gold ounce resources then it would propel Yamana to consider take over of Monarch or at least perhaps buy Camflo from Monarc to help fund getting Wasamac to production.
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