Welcome!

News Feed Item

Monarques Resources Inc./Lemare: 33% of the Samples are Gold Bearing

QUEBEC CITY, QUEBEC -- (Marketwire) -- 11/20/12 -- Monarques Resources Inc. ("Monarques" or the "Corporation") (TSX VENTURE:MQR) is pleased to release results from samples gathered during its stripping and channel-sampling campaign which ended on October 31st, on its 100% owned Lemare property located in the Rupert River region, on the James Bay territory in Quebec

Exploration work done in Summer 2012 had allowed to identify a gold bearing structure (Lac de la Chlorite showing with 1.6 g/t Au), located less than two kilometers west of Lac de la Sillimanite showing (4.7 g/t Au) (see October 18th 2012 press release). Monarques carried out stripping operations on both sites between October 9th 2012 and October 31st 2012 (see November 2nd 2012 press release).

"Results from these operations are impressive and very conclusive. They confirm these two gold showing's potential and encourage us to pursue our operations on this property", said Jean-Marc Lacoste, President and CEO of Monarques. "Starting in January, we expect to carry out an induced polarization and resistivity campaign which, combined with the soil sampling results that are to come, will allow us to determine the best drilling targets on these gold bearing structures."

Indeed, two gold bearing structures associated with arsenopyrite have been exposed during these operations. The Lac de la Chlorite gold bearing structure is hosted in volcanic rocks whereas the lac de la Sillimanite showing is hosted in metasedimentary rocks. A total of 145 grab and channel samples were gathered during these operations. Among the samples, 48 were assayed at over 100ppb (0.1 g/t), with 12 samples over 1 g/t. The highest grade assayed was 4.76 g/t. (see figure below).


-----------------------------------------------------------------
Sample #        Au grade (g/t)       Sample #      Au grade (g/t)
-----------------------------------------------------------------
L943462                   4.76        L943496                3.16
-----------------------------------------------------------------
L943455                   2.58        L943495                2.18
-----------------------------------------------------------------
L943487                   1.68        L943498                1.58
-----------------------------------------------------------------
L943458                   1.42        L943476                1.34
-----------------------------------------------------------------
L943462                   1.31        L943362                1.17
-----------------------------------------------------------------
L943485                   1.16        L943454                1.09
-----------------------------------------------------------------
L943500                   0.90        L943400                0.89
-----------------------------------------------------------------
L943394                   0.84        L943389                0.83
-----------------------------------------------------------------
L943374                   0.77        L943459                0.74
-----------------------------------------------------------------
L943390                   0.70        L943488                0.66
-----------------------------------------------------------------
L943484                   0.65        L943399                0.61
-----------------------------------------------------------------
L943377                   0.52        L943546                0.51
-----------------------------------------------------------------
L943483                   0.49        L943376                0.44
-----------------------------------------------------------------
L943369                   0.43        L943543                0.36
-----------------------------------------------------------------
L943396                   0.33        L943370                0.31
-----------------------------------------------------------------
L943366                   0.30        L943531                0.30
-----------------------------------------------------------------
L943367                   0.25        L943549                0.24
-----------------------------------------------------------------
L943457                   0.23        L943541                0.22
-----------------------------------------------------------------
L943482                   0.20        L943398                0.19
-----------------------------------------------------------------
L943373                   0.19        L943534                0.19
-----------------------------------------------------------------
L943545                   0.17        L943395                0.17
-----------------------------------------------------------------
L943481                   0.17        L943371                0.16
-----------------------------------------------------------------
L943452                   0.16        L943471                0.12
-----------------------------------------------------------------
L943375                   0.10                                   
------------------------------                                   

The technical sections of this press release were prepared by Jonathan Lalancette, eng., employee for Monarques and qualified person as defined in National Instrument 43-101.

All rock samples were sent for preparation and analysis to the ALS Chemex laboratory in Val-d'Or, Quebec. This laboratory is accredited ISO/IEC 17025: 2005 by the Standards Council of Canada (SCC). All soil samples were sent for preparation and analysis to the Actlabs laboratory in Ancaster, Ontario. This laboratory is accredited ISO/IEC 17025: 2005 by the Standards Council of Canada (SCC). Monarques Resources Inc. applies a rigorous quality control protocol over all of its operations, including the insertion of certified analytical standards, duplicates and blanks and statistical follow-up of the results.

About Monarques

Monarques Resources Inc. (TSX VENTURE:MQR) is a mineral exploration company that is exploring for base metals, precious metals including the platinum group elements (PGE) and industrial minerals including rare earth elements (REE) in the Lower James Bay Region of Quebec.

A detailed map of properties is available on the Corporation web site at http://www.monarquesresources.com/en/Our-Assets

The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-securit...