Canadian junior gold company Monarques Gold Corporation (Monarques) has begun a new 8350 m diamond drilling programme on its wholly-owned McKenzie Break gold property, located 25 km north of Val-d’Or in Quebec.
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit hosted in the dioritic Pascalis batholith and underlain by porphyritic diorite and mafic and felsic volcanic rocks.
On 14 June 2018, Monarques reported an NI 43-101 pit-constrained resource of 48 133 oz in the Indicated category and 14 897 oz in the Inferred category on the property, as well as an underground resource of 53 448 oz in the Indicated category and 49 130 oz in the Inferred category, for a total of 165 608 oz of gold.
Historical drilling on the property reportedly amounts to 258 holes and 37 750 m of core, most of which targeted the Green and Orange zones. The average length of the holes was only 150 m. The current 39-hole drilling programme will consist of holes 150 - 350 m long to test the property’s potential at depth below the known lenses and on the periphery of the Green and Orange zones. The peripheral holes represent infill drilling in areas where information is missing, and could lead to an increase in the size of the planned open pit.
President and CEO of Monarques, Jean-Marc Lacoste, said: “The McKenzie Break property has great exploration potential.”
It has the advantages of being high grade at depth and easily accessible, as the average overburden thickness is only 5 m, meaning that we could put the project into production relatively quickly. The programme is aimed at increasing the property’s pit-constrained resource and exploring its potential at depth.”
Read the article online at: https://www.globalminingreview.com/exploration-development/19092018/drilling-commences-at-monaques-mckenzie-break-property/