Stocks in play: Monarch Gold Corporation

Reported the assay results from the first of seven geotechnical holes in the 2019-2020 diamond drilling program at its wholly owned Fayolle gold project, located 25 kilometres northeast of Rouyn-Noranda, near Monarch's Camflo mill. The drilling program started in December 2019 and was completed in mid-January 2020, with a total of 1,166 metres drilled in the seven holes. Hole FA-19-121 (first of seven holes) returned 3.33 g/t Au over 109.0 metres (358 ft), including 10.27 g/t Au over 7.0 metres, 9.14 g/t Au over 6.0 metres, 7.68 g/t Au over five metres, 7.50 g/t Au over eight metres, and 6.80 g/t Au over 4.9 metres. The lower portion of the interval assayed 3.33 g/t Au over 32.9 metres immediately below the current planned constrained pit outline and could potentially increase the in-pit gold resource. Monarch Gold Corporation shares T.MQR are trading up $0.015 at $0.24.

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