Monarch Mining: Quebec Has a New Player
Four advanced projects
Monarch Mining is a new player in Quebec. The company has over 200 square kilometres of prime real estate in the prolific Abitibi mining camp. Moreover, Monarch owns four advanced projects, namely the Beaufor, Croinor Gold, McKenzie Break and Swanson projects. All four projects are located near Monarch’s wholly owned and fully permitted Beacon 750 tpd mill. Additionally, Monarch owns more than 287 km2 of mining assets in the prolific Abitibi mining camp, representing a combined portfolio of 588,482 ounces of M&I gold resources, and 329,393 ounces of inferred resources. The company is also well funded for aggressive exploration.
Monarch holds a 100% interest in the Beaufor Mine, which includes two mining leases, a mining concession and 23 mining claims covering an area of 6.91 km². The mine is located at about 20 kilometres northeast of the town of Val-d’Or, in the Abitibi-East township, in the Province of Quebec. Not to mention, the Beaufor Mine is an underground mine.
Gold-bearing veins at the Beaufor Mine consist of quartz-tourmaline-pyrite veins, typical of Archean epigenetic lode gold deposits, that cross-cut the Bourlamaque Batholith. Further, Mafic dykes that predate the mineralization are associated with shear- hosted gold-bearing veins. Shallowly dipping extensional gold-bearing veins are commonly observed at the Beaufor Mine. Also, Shear zones striking N70o and dipping steeply to the southwest control the opening and gold enrichment of veins.
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