GREY:GBARF - Post by User
Comment by
locomocoon Feb 01, 2021 7:33pm
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Post# 32442235
RE:RE: Resource Increase At Swanson Property
RE:RE: Resource Increase At Swanson Property Is it economically feasible if it is open pit mining?
Swanson
Large gold property with open pit potential
Monarch acquired a 100% interest in the Swanson property from Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM). The property hosts a gold deposit located 65 kilometres from the Beacon mill and 12 kilometres northeast of Barraute, Quebec. It consists of one mineral lease and 127 claims covering a total area of 51.26 km², as well as a 500-metre ramp down to a depth of 80 metres. The property is accessible year-round via Route 367 and a gravel road. A railway track also crosses the property, as does a transmission line.