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Monarch Mining Corp GBARF

Metals & Mining Gold
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

Monarch Mining Corp > MELT is up. YEAH
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Comment by geosan0on Jul 08, 2022 3:46pm
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Post# 34811864

RE:RE:RE:MELT is up. YEAH

RE:RE:RE:MELT is up. YEAH
Phew, that diesel vs electric power use comment made me scratch my head as to what I may have missed.  Good to know it wasn't me, lol!!!

On another note, 3 different insiders picked up shares since the announcement of the mill start-up.  The amounts purchased are not material but I think symbolically it is a good sign.  The next data point will be the cost associated with the production but that information will not be made public (unless discussed by management) until the September quarter end which means we will only know sometime in November.  Long wait and keeping my fingers crossed!!! In the meantime, I'm hoping that they disclose the weight of the first gold bar poured along with a photo to commemorate the restart of operations.

GLTA
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