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Monarch Mining Corp T.GBAR


Primary Symbol: 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 > news
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Post by stockpunteron Sep 07, 2022 12:12pm
250 Views
Post# 34946902

news

newsI find the news from GBAR confusing.  Read one way, I think they mean the problem is getting high grade from the mine to the mill. ( as well as lower grade stockpile than expect). The expression:

The Beacon mill operations will not be impacted.

would support this interpretation.

But the G and M bit says it is the mill that is malfunctioning.

Anyone got additional facts?
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