- Program encounters more high-grade intersections at depth, with visible gold found in two of the first four holes drilled.
- Best results from the first four holes of the 10-hole program:
- Hole MK-19-241: 26.78 g/t Au over 2.1 metres, including 56.51 g/t Au over 0.5 metres and 47.78 g/t Au over 0.5 metres
- Hole MK-19-242: 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres, and 5.17 g/t Au over 3.0 metres, including 12.79 g/t Au over 1.0 metre.
The 2019 drilling program, which took place in the fall, initially consisted of seven holes designed to follow up on the positive results from the 2018 program (see press releases dated
The first portion of the program consisted of four holes drilled in the southern sector of the property to extend the new gold-rich lens intersected at depth by hole MK-18-205 during the 2018 drilling program (20.12 g/t Au over 2.6 metres) (see Figure 1). Holes MK-19-241, 242, 243 and 244 were collared 50 metres south, east, north and northwest of hole MK-18-205, respectively. MK-19-241 returned significant gold mineralization, including 26.78 g/t Au over 2.1 metres (see Figure 2); MK-19-242 intersected 5.51 g/t Au over 4.0 metres, including 14.29 g/t Au over 1.5 metres (see Figure 3); MK-19-243, the northernmost hole drilled in the southern sector, returned low assays, with a best result of 0.96 g/t Au over 2.0 metres; and MK-19-244 returned broadly anomalous gold values over three intervals in the target area of 338.0 metres to 381.6 metres down the hole, confirming that the gold system is still present (see Figure 4). The full results for these first four holes are set out in the table below.
The significant assays, particularly for holes MK-19-241 and 242, confirmed the continuity of the lens intersected in hole MK-18-205, defining a broad gold-bearing vein that extends along strike and at depth. Given these excellent results, three additional holes were drilled 50 m to the east, west and south of hole MK-19-241, respectively. The assay results for the additional holes are still pending.
"The 2019 results received to date continue to confirm the high expectations we have for McKenzie Break and support our theory that this high-grade lens remains open to the east, west and south and at depth," said
First set of drill results for the McKenzie Break property: | |||||
Hole number | Length (m) | From (m) | To (m) | Width* (m) | (g/t) |
MK-19-241 | 432 | 306.0 | 306.5 | 0.5 | 19.32 |
337.0 | 338.3 | 1.3 | 3.63 | ||
349.0 | 352.0 | 3.0 | 9.42 | ||
Including | 349.5 | 350.3 | 0.8 | 33.81 | |
363.0 | 365.1 | 2.1 | 26.78 | ||
Including | 363.6 | 364.1 | 0.5 | 47.78 | |
Including | 365.6 | 365.1 | 0.5 | 56.51 | |
MK-19-242 | 426 | 375.0 | 376.1 | 1.1 | 3.06 |
396.0 | 399.0 | 3.0 | 5.17 | ||
Including | 398.0 | 399.0 | 1.0 | 12.79 | |
405.0 | 409.0 | 4.0 | 5.51 | ||
Including | 407.5 | 409.0 | 1.5 | 14.29 | |
MK-19-243 | 435 | 430.0 | 432.0 | 2.0 | 0.96 |
MK-19-244 | 455 | 338.0 | 342.0 | 4.0 | 2.03 |
368.5 | 371.0 | 2.5 | 1.19 | ||
378.6 | 381.6 | 3.0 | 1.01 |
*The width shown is the core length. True width is estimated to be 90-100% of the core length. |
Collar coordinates: | ||||||
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation (m) |
MK-19-241 | 230 | -88 | 432 | 310254.5 | 5358495.5 | 320 |
MK-19-242 | 230 | -88 | 426 | 310297 | 5358553 | 316 |
MK-19-243 | 230 | -88 | 435 | 310255 | 5358594 | 314 |
MK-19-244 | 230 | -88 | 455 | 310164 | 5358629 | 319 |
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit hosted in the dioritic Pascalis batholith and underlain by porphyritic diorite and mafic and felsic volcanic rocks. On
Sampling consists of sawing the core into equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in
The technical and scientific content of this press release has been reviewed and approved by
ABOUT
Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
www.monarquesgold.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-intersects-26-78-gt-au-over-2-10-metres-at-mckenzie-break-including-56-51-gt-au-over-0-5-metres-300983393.html
SOURCE
© Canada Newswire, source