Welcome to our dedicated page for Monarch Mining news (Ticker: GBARF), a resource for investors and traders seeking the latest updates and insights on Monarch Mining stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Monarch Mining's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Monarch Mining's position in the market.
Monarch has completed a 5,286-metre drilling program on the Croinor Gold property, yielding high-grade gold intersections, including 24.70 g/t Au over 0.6 m in hole CR-20-706. Other notable results include 17.70 g/t Au over 1.2 m in hole CR-20-713 and broader zones of 1.79 g/t Au over 21.0 m in hole CR-20-710. The program explored targets outside the current mineral resource envelope, confirming the presence of mineralization across a significant area. Monarch’s efforts emphasize expanding the resource base while advancing the main Croinor Gold deposit development.
Monarch Mining Corporation (TSX:GBAR, OTC PINK:GBARF) announced its financial results for the quarter and 141-day period ending March 31, 2021. Key figures include a net loss of (2,760,651) CAD and total assets of 61,211,859 CAD. The report highlights strong drilling programs at its properties, particularly the Beaufor Mine, and an expectation to restart operations within 12 months. The corporation has a robust cash position of 19,013,624 CAD, enabling advancement of its high-grade gold projects.
Monarch Mining Corporation has awarded a contract to BBA Inc. for a mineral resource estimate (MRE) on the Beaufor Mine gold project. This MRE will utilize advanced 3D technology and incorporate results from the 2020-2021 drilling program, which includes 171 completed holes, totaling approximately 17,000 meters. The MRE is expected to be completed in early Q3 2021 and aims to reflect the mineralization continuity at depth. Currently, the mine is on care and maintenance, allowing for extensive exploration testing.
Monarch Mining Corporation (TSX:GBAR, OTC PINK:GBARF) announced the awarding of a contract to BBA Inc. for a mineral resource estimate (MRE) at the Beaufor Mine. This MRE will integrate results from the ongoing 2020-2021 drilling program, utilizing advanced 3D modeling techniques to analyze historical data. The exploration drift has commenced to facilitate depth testing, complementing a 42,500-metre drill program. Historical production exceeds 1.1 million ounces of gold, with promising recent drilling results, including intersections of up to 783 g/t Au.
Monarch Mining Corporation (TSX: GBAR) announced significant high-grade gold results from its ongoing 42,500-metre exploration drill program at the Beaufor Mine in Québec. Key findings include 187.0 g/t Au over 0.5 m, 151.5 g/t Au over 0.5 m, and 147.5 g/t Au over 0.3 m. Phase 2 of the drilling is underway to explore near-surface resources, comprising 40 short holes totalling 4,000 m. The company aims to enhance near-mine resources for potential future production with minimal new capital. Results so far represent 34% of planned drilling, with ongoing exploration focused on high-grade mineralization.
Monarch Mining Corporation (GBARF) announced significant gold intersections from its 2020-2021 exploration program at the McKenzie Break project. Notable results include 8.46 g/t Au over 13.8 metres in hole MK-20-259 and 13.95 g/t Au over 14.35 metres in hole MK-20-255. The new findings demonstrate continuity and expansion of the mineralized envelope, with results pending from six additional drill holes. A Phase 2 drilling program of 8,700 metres is set to commence in April or May 2021, aiming to explore further beyond the current resource estimate.
Monarch Mining Corporation has staked 36 new map-designated cells at McKenzie Break, expanding the property size to 7,070 hectares. This strategic move aims to cover extensions of favorable geology indicative of gold mineralization. The ongoing drilling program, totaling 14,500 meters, will assess priority targets in these new claims. The McKenzie Break property is located near Val-d’Or, Quebec, and has demonstrated promising resource estimates, including 1,441,377 tonnes at a grade of 1.80 g/t Au in indicated resources, totaling approximately 83,305 ounces of gold.