News out this morningBut wait there's more now 12 million-upsized! Also this. Monarch Mining Confirms Continuity of the Q Zone Over 150 m Along Strike With 19.05 g/t Au Over 6.8 m (22.3 ft) Drill Results Gold Val dOr Camp TSX: GBAR www.monarchmining.com Mr. Jean-Marc Lacoste reports: Monarch has received additional high-grade assays from its 2021 underground drilling program, which include 19.05 g/t Au over 6.8 m, including 12.56 g/t Au over 1.4 m and 54.68 g/t Au over 2.0 m (BEU-21-30-032). These results are from the underground drilling program currently being carried out in the lower part of the mine. The Q Zone was mined most recently in 2019 and has proven to be one of the most prolific and continuous ore zones in the mine. These diamond drill results are significant and exciting as they confirm the continuity of this zone for at least 150 m westward along strike and 150 m down dip. Recent estimates show 247,000 tonnes at an average grade of 5.66 g/t Au in the Q Zone and its vicinity (measured and indicated resources according to BBA Inc.s 2021 NI 43-101 Mineral Resource Estimate). These recent results could significantly boost Beaufors potential. MONTREAL, March 17, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (Monarch or the Corporation) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce additional results from its 2021 underground drilling program on its wholly-owned Beaufor Mine gold project, located 20 kilometres east of Val-dOr, Qubec. The results presented here come exclusively from hole BEU-21-30-032, targeting the western strike extension of the Q Zone. The target area returned an impressive 19.05 g/t Au over 6.8 m, including 12.56 g/t Au over 1.4 m and 54.68 g/t Au over 2.0 m. These diamond drill results are significant and exciting as they confirm the continuity of this ore zone for at least 150 m westward along strike and 150 m down-dip. The Q Zone has been mined through much of Beaufors recent history and has proven to be both continuous and of considerable width. Other holes drilled in the area throughout 2021 also returned positive results. These holes have been incorporated into the new geological model, which includes all recent and historical data and is based on BBA Inc.s geological interpretation as seen in their 2021 NI 43-101-compliant resource estimate. The Beaufor Mine initially began commercial production in the early 1930s and over the years has produced over 1.1 million ounces of gold. In June 2020, the Corporation initiated a 42,500-metre diamond drilling program to test two types of targets: the areas around historical high-grade intersections near the existing underground infrastructure, and isolated resource blocks, which are typically defined by a single drill intersection. Both of these near-mine targets can often be tested from the existing underground workings, generally by holes less than 200 metres long. To date, 283 holes totalling 47,038 metres have been drilled during the exploration and definition program. Given the positive results, additional holes are now being drilled to allow the zones in question to be converted into reserves and included in a future mine plan. Monarch is continuing its exploration definition drilling, with five underground drill rigs, and expects to restart operations by June 2022. Underground development and rehabilitation are ongoing in the W and 350 zones, which are easily accessible from the surface ramp located 100 metres from the main Beaufor shaft and presently extends to a vertical depth of 180 metres. BBA Inc. finalized the mineral resource estimate (MRE) for the Beaufor Mine in August 2021. An additional 111 holes totalling 26,600 metres have been drilled since. The results of this underground drilling program are very encouraging and continue to show the strong potential of the Beaufor Mine at depth, said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. We are thrilled to be able to confirm the high-grade nature and significant width of the Q Zone towards the west. Additional drilling is definitely warranted to continue expanding this zone. Drill results are obtained by sawing the drill core into equal halves along its main axis and shipping one of the halves to ALS Canada in Val-dOr, Quebec, and AGAT Laboratories in Mississauga, Ontario, for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Samples exceeding 10.0 g/t Au are re-assayed using the gravity method and samples containing visible gold are assayed using the metallic screen method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates. The technical and scientific content of this press release has been reviewed and approved by Christian Tessier, P.Geo., the Corporations qualified person under National Instrument 43-101. About Beaufor