Good grades were also drilled 100 metres northeast of the current resources in hole MK-21-290, which returned 4 g/t gold over 1 metre, followed by a deeper zone grading 8 g/t over 1 metre. Fifty metres to the west, hole MK-21-290 returned 4.5 g/t gold over 1 metre and 5.5 g/t gold over 1 metre.
Monarch also did infill drilling on 50-metre centres east of the deposit. Hole MK 21-288 returned 12.8 g/t gold over 1.7 metres; hole MK-21-295 returned 12 g/t gold over 0.8 metre and 4.29 g/t gold over 2.6 metres; hole MK-21-297 returned 10.9 g/t gold over 0.6 metre; hole MK-21-299 returned 12.3 g/t gold over 0.8 metre; and hole MK-21-300 returned 10.2 g/t gold over 1.1 metres.
The McKenzie Break project is located 25 km north of the company’s wholly owned 750-t/d Beacon gold mill. The property has an indicated resource of 1.8 million tonnes grading 1.8 g/t gold for it pit-constrained portion and 5.03 g/t for the underground portion, containing about 146,000 oz of gold. The inferred resource is 3.3 million tonnes grading 1.44 g/t gold for the open pit portion and 4.21 g/t for the underground portion, containing a total of 250,000 oz. of gold.
Monarch will complete this year’s drilling on 50-metre centres and begin a new program next year to expand the resources the current pit shell resource and recent intercepts 1 km to the south.
(This article first appeared in the Canadian Mining Journal)
