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Monarques reports further high-grade drilling results from Croinor Gold project

Published by , Assistant Editor
Global Mining Review,

Monarques Gold Corporation (Monarques) has reported additional assay results from the 2018 diamond drilling programme at its wholly-owned Croinor Gold project 50 km east of Val-d’Or, Québec. The initial 20 000 m programme started in March 2018 and focused on the expansion and infilling of the Croinor Gold deposit. The programme was completed in early September with a total of 19 935 m of core drilled in 89 holes. Drilling continued with one rig on the property and a second drill was added on September 17 to drill an additional 8300 m before the winter freeze.

The Phase 3 results are from a total of 6790 m of drilling in 36 holes. Assays have been received for 77 of the 89 holes drilled and logged.

The first 25 holes are from the two areas targeted for bulk sampling, on the 125 ft level and the 250 ft level of the old mine workings. These holes are infill and contour drill holes for the two zones, with a grid spacing of 10 m by 10 m, considering historical holes and holes drilled previously by Monarques. Hole CR-18-636 returned 43.25 g/t Au over 2.1 m, including 88.60 g/t Au over 1.0 m in the 125 ft level bulk sample area, and Hole CR-18-647 returned 25.92 g/t Au over 3.4 m in the 250 ft level bulk sample area. Both these holes have increased the volume of ore planned to be mined. New wireframes for each area are being completed by an external consultant. 

Nearby mine exploration drilling has consistently returned positive results, with 8 of the 11 holes returning economic assays. Hole CR-18-653, drilled 41 metres up plunge from the nearest planned stope, returned 22.00 g/t Au over 1.1 m, indicating that the gold system is still open to the west. Hole CR-18-649 is a down dip hole drilled into the host diorite to test the deposit at depth and returned 9.59 g/t Au over 1.0 m, indicating that the deposit is still open at depth.

“We continue to be impressed by these high-grade results on Croinor Gold, which prompted us to drill an additional 8300 m,” said Jean-Marc Lacoste, President and CEO of Monarques.

“The success of our 2018 drilling programme also shows that we have a better understanding of the deposit. This supplementary 8300 m drilling programme is designed to pass between the planned stopes, where there are no drill results, to increase the tonnage in the Croinor Gold deposit before mining starts, and to drill around the periphery of the deposit to follow up on positive assay results to extend the resource to the west, where it is still open. As I have said before, we believe that the Croinor Gold discovery potential remains essentially untapped.”

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d'Or for assaying. The samples are crushed, pulverised and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 g/t are re-assayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

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