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Monarch Mining Corp T.GBAR


Primary Symbol: GBARF

Monarch Mining Corporation is a Canada-based is a gold mining company. The Company owns three projects, such as the Beaufor, McKenzie Break, and Swanson projects. It holds a 100% interest in the Beaufor Mine, which is on care and maintenance. The property consists of two mining leases, a mining concession and approximately 23 mining claims covering an area of 5.9 square kilometers (km2). The McKenzie Break property covers 7,848 hectares (78.5 km) and is located 20 kilometers north of the Beacon Mill and 10 kilometers (km) south of the town of Barraute, Quebec. The Swanson property consists of a mining lease plus a total of 129 claims covering an area of 5,211 ha. The property lies 65 km northeast of Val-d'Or and just 50 km north of Monarch's wholly owned 750 tpd Beacon mill. The Company owns 14,316 hectares of mining assets in the prolific Abitibi mining camp that hosts a combined measured and indicated gold resource of 478,982 ounces and a combined inferred resource of 383,393 ounces.


OTCPK:GBARF - Post by User

Comment by geosan0on Apr 19, 2022 2:50pm
184 Views
Post# 34614082

RE:RE:RE:RE:long, long ago...

RE:RE:RE:RE:long, long ago...
Hi stockpunter,

Don't know if you are purposely throwing slow pitches my way for me to hit out of the ballpark but here goes.  Your last comment mentions the Monique property.  The Monique property was not acquired by Probe through the direct merger of Adventure Gold.  Drumroll please.....you guessed it Monarch Gold sold the Monique property to Probe in 2020.  How the property found its way into Monarch Gold I'm not sure.  I do know that Monarch Gold was busy consolidated many properties during the gold downturn about 6-8 years ago. 

So you are destined to own some shares here as this story keeps following you.  The timing of any purchase is entirely up to you as the technical charts on Monarch Mining look horrible at this time.

GLTA
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