Fayolle Deposit: Fayolle Property and Km Northeast

fayolle deposit: Hecla HL and Typhoon Exploration Inc, according to The Independent. Typhoon TYP.V . Emerging gold mining company in Abitibi CNW Group/Monarch Gold Corporation More The Fayolle property consists of 39 mineral claims covering an area of 1,373 hectares 14 km2 in Aiguebelle and Cl ricy townships, approximately 35 km northeast of Rouyn-Noranda, Quebec . The Fayolle deposit contains an historical estimate of 548,500 tonnes grading 5.75 g/t Au for a total of 101,326 ounces of gold Source Technical report and preliminary economic assessment for the Fayolle property compliant with Regulation 43-101 and Form 43-101F1 dated March 28, 2013 prepared by Innov Explo . A Monarch qualified person has not performed sufficient work to classify these historical estimates as current mineral resources as defined by NI 43-101, and the Corporation therefore does not consider them as current mineral resources. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Give feedback on the new search experience Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets open in 4 hrs 23 minsS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Gold Announces the Signature of Binding Letters of Intent for the Acquisition of the Fayolle Gold Depositif window.performance window.performance.mark && && Group June 18, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && gold deposit with an historical estimate of 548,500 tonnes grading 5.75 g/t AuMONTREAL June 18, 2019 /CNW/ - MONARCH GOLD CORPORATION Monarch or the Corporation MQR.TO MRQRF MR7.F is pleased to announce the signature of binding letters of intent for the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec Inc., formerly known as Aurizon Mines Ltd. Although the historical estimates may not be reliable, the Corporation nevertheless believes that they provide an indication of the property's potential and are relevant for any future exploration program. Under the terms of the binding letters of intent, i in consideration of Hecla's 50% interest, Monarch will issue 12 million shares of the Corporation at an agreed price of 0.25 per share; and ii in consideration of Typhoon's 50% interest, Monarch will pay 1.15 million of which 500,000 at closing, 500,000 five months after closing and the 150,000 balance 12 months after closing, and issue 3.4 million shares of the Corporation at an agreed price of 0.25 per share. In order for the historical estimates to become current resources, the Corporation must carry out new drilling on the property, and issue a new mineral resource estimate pursuant to NI 43-101. (news.financializer.com). As reported in the news.