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Bullboard - Stock Discussion Forum Monarch Mining Corp 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... see more

OTCPK:GBARF - Post Discussion

Monarch Mining Corp > Monarch Mining Upgrades Resource At Beaufor Mine To 92,700 M
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Post by AwareInvestor on Jan 28, 2021 7:50am

Monarch Mining Upgrades Resource At Beaufor Mine To 92,700 M

Monarch Mining Corp this morning released an updated mineral resource estimate for its Beaufor Mine, located 20 kilometres northeast of Val-d’Or, Quebec. The mine is currently on care and maintenance, enabling the company to conduct a 42,500 drill program at the mine.
Comment by locomoco on Jan 28, 2021 8:08am
"Key to the estimate however, is that it is based on information that was received up until October 27, 2020. This is important, as the ongoing 275 exploration hole drill program has seen the majority of its work not included in the current estimate. If these holes produce positive results, additional holes are planned to be drilled to allow these zones to be included into the resource ...more  
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