The Camflo mill will process the ore from the Fenelon Gold property
MONTREAL, Nov. 14, 2017 /CNW/ - MONARQUES GOLD
CORPORATION ("Monarques" or the "Corporation") (TSX.V:MQR)(OTCMKTS:MRQRF)(FRANKFURT:MR7) is pleased to announce that it
has entered into a custom milling contract with Wallbridge Mining Company Limited ("Wallbridge") (TSX:WM, FWB:WC7) to process
35,000 tonnes of ore from the Fenelon Gold property, located 75 km west-northwest of Matagami,
Quebec, at Monarques' Camflo mill.
"This second contract signed in recent weeks is a testament to the processing expertise of our team at the Camflo mill," said
Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. "Our goal is to have the
Camflo mill running at full capacity, and we are pursuing our efforts to negotiate other custom milling agreements in order to
achieve that goal. As reported previously, we recently received a certificate of authorization allowing us to increase the
production capacity of the Camflo mill from 1,200 to 1,600 tonnes per day."
Wallbridge is currently awaiting permits to begin mining a 35,000-tonne underground bulk sample from its Fenelon property
starting late fall and expects to deliver ore in the second quarter of 2018. Recent drilling results from the Fenelon Gold
property to follow up on high-grade results have been quite successful so far this year to expand their resource.
The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the
Corporation's qualified person under National Instrument 43‑101.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corp (TSX-V: MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of
high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently
owns more than 240 km² of gold properties (see map), including
the Beaufor Mine, the Croinor Gold (see video) and Wasamac advanced projects, and the Camflo and Beacon mills, as well as six promising exploration
projects. It also offers custom milling services out of its 1,200 tonne-per-day Camflo mill. Monarques enjoys a strong financial
position and has more than 150 skilled employees who oversee its operating, development and exploration activities.
Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may
cause Monarques' actual results, performance and achievements to be materially different from the results, performance or
achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
SOURCE Monarques Gold Corporation
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