Announcement Date: 2023-07-12
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Monarch Mining Corp.
Project name: McKenzie Break
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 23.60m at 1.26g/t Au from 228.50m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Montreal, Québec, Canada, July 12, 2023 – MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) is pleased to report additional results from the 2022 drilling program on its wholly-owned McKenzie Break gold project, located 25 kilometres north of the Corporation’s wholly owned Beacon mill. The 2022 drilling program on the McKenzie Break property totaled 16,104 metres in 53 holes. Today, Monarch is reporting the results from the remaining 16 holes totalling 5,950 metres (see Figure 1, Figure 2, and Tables 1 and 2 for complete results. True width is estimated to be between 85% and 90% of core length). Some assays are still pending for one of the holes (MK-22-362).
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