1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Monarch Mining Corporation
  6. News
  7. Summary
    GBAR   CA6091611047

MONARCH MINING CORPORATION

(GBAR)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 05/25 01:32:08 pm
0.49 CAD   +1.03%
05/16Monarch Mining Corporation Announces Board Changes
CI
05/16Monarch Appoints Renaud Adams to Its Board of Directors
GL
05/16Monarch Appoints Renaud Adams to Its Board of Directors
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Monarch Mining Corporation Reports Final Results from its 2021 Surface Drilling Program Beaufor Mine Gold Project

01/20/2022 | 07:35am EDT

Monarch Mining Corporation reported the final results from its 2021 surface drilling program on its wholly-owned Beaufor Mine gold project, located 20 kilometres east of Val-d’Or, Québec. The results show several high-grade assays such as 46.29 g/t Au over 1.3 m (including 99.7 g/t Au over 0.6 m), 9.71 g/t Au over 2.5 m (including 33.1 g/t Au over 0.5 m), 29.8 g/t Au over 0.7 m and 28.1 g/t Au over 0.5 m. Much of the surface drilling consisted of shallow holes testing the W and 350 zones within 250 metres of surface. Monarch has reported previous surface drill results in the area, including 35.87 g/t Au over 9.8 metres and 11.02 g/t Au over 5.55 m. The Beaufor Mine began producing in the early 1930s and over the years has yielded over 1.1 million ounces of gold. The mine is currently on care and maintenance, which has given Monarch the opportunity to access the mine area to drill-test targets. In June 2020, the Corporation initiated a 42,500-metre diamond drilling program to test two types of targets: the areas around historical high-grade intersections near the existing underground infrastructure, and isolated resource blocks, which are typically defined by a single drill intersection. Both of these “near-mine” targets can often be tested from the existing underground workings, generally by holes less than 200 metres long. Currently, 258 holes totalling 43,419 metres have been drilled during the exploration program. Given the positive results obtained, additional holes are now being drilled to allow the zones in question to be converted into reserves and included in a future mine plan. Monarch is continuing exploration definition drilling with five underground drill rigs. Underground development and rehabilitation are ongoing in the area of the W and 350 zones, which is easily accessible from a surface ramp located 350 metres from the main Beaufor shaft. The surface ramp providing access to the W and 350 zones presently extends to a vertical depth of 180 metres below surface. Sampling consists of sawing the drill core into equal halves along its main axis and shipping one of the halves to ALS Canada in Val-d’Or, Quebec, and AGAT Laboratories in Mississauga, Ontario, for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Samples exceeding 10.0 g/t Au are re-assayed using the gravity method and samples containing visible gold are assayed using the metallic screen method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.


© S&P Capital IQ 2022
All news about MONARCH MINING CORPORATION
05/16Monarch Mining Corporation Announces Board Changes
CI
05/16Monarch Appoints Renaud Adams to Its Board of Directors
GL
05/16Monarch Appoints Renaud Adams to Its Board of Directors
AQ
05/13Monarch mining reports its results for the third quarter ended march 31, 2022
AQ
05/12Monarch Mining Corporation Reports Earnings Results for the Third Quarter and Nine Mont..
CI
05/12Monarch Reports Its Results for the Third Quarter Ended March 31, 2022
GL
05/12Monarch Reports Its Results for the Third Quarter Ended March 31, 2022
AQ
04/06Monarch Mining Closes $4.5 Million Transaction With NYSE's Gold Royalty Corp; Expanded ..
MT
04/06Monarch Mining Corporation Announces the Closing of the $4.5 Million Transaction With G..
AQ
04/06Gold Royalty Completes Expanded Royalty Financing with Monarch Mining Corporation
CI
More news
Financials
Sales 2022 - - -
Net income 2022 -4,37 M -3,41 M -3,41 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 54,0 M 42,1 M 42,1 M
Capi. / Sales 2022 -
EV / Sales 2023 0,83x
Nbr of Employees 32
Free-Float 86,8%
Chart MONARCH MINING CORPORATION
Duration : Period :
Monarch Mining Corporation Technical Analysis Chart | GBAR | CA6091611047 | MarketScreener
Technical analysis trends MONARCH MINING CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 0,49 CAD
Average target price 1,38 CAD
Spread / Average Target 181%
EPS Revisions
Managers and Directors
Jean-Marc Lacoste President, CEO, Co-Secretary & Director
Alain Lévesque Chief Financial Officer
Michel F. Bouchard Chairman
Guylaine Daigle Independent Director
Laurie Gaborit Independent Director
Sector and Competitors