Monarques Gold Corporation (
TSX: V.MQR,
OTCQB: MRQRF,
Forum) today announced an update on its 10,000-meter drilling program currently underway at the Croinor Gold Project, located 70 km east of Val d’Or, Quebec. In addition to further drilling at the Croinor deposit, the Company also conducted exploration drilling in its Gold Bug sector.
Highlights include 12.71 g/t Au over 9.9 meters and 15.12 g/t Au over 4.0 meters. These results confirm previous historical results of high-grade intercepts. True widths have yet to be determined. Further information can be found
here.
Monarques was recently in the news earlier this month when it
reported drill results at Croinor including
23.27 g/t Au over 2.3 meters.
The Company has 131 million shares outstanding and a market cap of $61.4 million.