McKenzie Break / Monarques Gold Corporation (Au)

project posted:

The McKenzie Break property is located in an area with existing infrastructure and several mills. It has surface and underground infrastructure, including a ramp down to a depth of 80 metres below surface. The mineralization consists of multiple veins in high-grade, narrow and sometimes anastomosed.

After a careful and detailed revision of historical Diamond Dril Hole logs as well as 3D drilling data compilation made by Geologica, it has been possible to identify approximately 11 new mineralized structures. On June 15 the mineral resource estimate for McKenzie Break was prepared for a scenario one with a pit and an underground operation are:

Pit constrained resource with a cut-off of 0.52 g/t Au:
► Indicated resources: 939,860 metric tonnes at 1,59 g/t Au (48,133 ounces)
► Inferred resources: 304,677 metric tonnes at 1.52 g/t Au (14,897 ounces)

Undergrourd resources with a cut-off of 3,50 g/t Au:
► Indicated resources: 281,739 metric tonnes at 5,90 g/t Au (53,448 ounces)
► Inferred resources: 270,103 metric tonnes at 5,66 g/t Au (49,130 ounces)

Geologica’s team was involved in:
► Historical Diamond Drill Holes validation, complement and harmonization of mineralization with lithology, structure, alteration and veins in the main data base.
► 2D and 3D modelization.
► Fieldwork survey.
► Geomatics Work (2010) as well as compliant Technical evaluation reports NI 43-101 (2018)

Géologica-Groupe Conseil Inc. was mandated, in association with GeopointCom Inc., in order to complete a Technical evaluation reports NI 43-101 including a mineral resource estimate.

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