Monarques Resources Inc. (TSX-V: MQR) is a mineral exploration company that is exploring for base metals, platinum group element (PGE) and precious metals along its 100% owned properties in the Lower James Bay Region of Quebec.
These properties are entirely underlain by the Lac des Montagnes polymetallic greenstone belt formation, which hosts multiple showings and drill ready targets in addition to the Nisk-1 nickel, copper and PGE deposit. Monarques mineral assets are comprised of 1,089 map designated claims divided in 7 properties known as Bourier, Nisk, Lemare, Duval, Valiquette, Caumont, and the Arques Complex. The most advanced asset is the Nisk-1 deposit (nickel, copper, PGE) located on the Nisk property which contains a NI 43-101 compliant resource estimate prepared by Pierre Trudel, PH.D. Eng., of RSW Inc. and dated December 19, 2009.
The properties are accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and are located near the Cree community of Nemaska and the Nemiscau airport.
Monarques was formed as a result of a spin out from Nemaska Exploration (TSX-V: NMX), an advanced lithium exploration and development company. Nemaska is a major shareholder of Monarques.