Monarques Gold Corp. said April 4 that drilling in the Gold Bug area of its Croinor gold project in Quebec intersected 6.96 g/t of gold over 15 meters from a depth of 21 meters, including 17.07 g/t of gold over 5.9 meters.
The recent drill program was designed to test the gold-bearing potential of the zone discovered by Monarques in January, when hole CR-16-521 intersected 8.41 g/t of gold over 25 meters from a depth of 29 meters.
The company said drilling confirmed that the shear corridor is mineralized over a width of 15 meters and to a depth of at least 115 meters.
"We believe that this area could eventually add to the resource for Croinor. A key advantage at Gold Bug is that the structure lies close to surface, and could therefore be mined more easily, at a lower cost," Monarques President and CEO Jean-Marc Lacoste said in the statement.
"This area will remain a high-priority drill target, with further testing of the structure along strike and at depth."