Monarques Resources fka MQR

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Nov. 1, 2011, 4:16 p.m. EDT

eResearch Issues Initiating Report on Monarques Resources Inc.Stories You Might Like


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Nov 01, 2011 (ACCESSWIRE-TNW via COMTEX) -- Monarques Resources Inc. /quotes/zigman/5399210 CA:MQR +4.35% is exploring for base metals, PGE and precious metals in the Lower James Bay Region of Quebec. Monarques is the spin-off from Nemaska Exploration Inc.

Monarques' IPO in June 2011 was successful and brought in $6 million in cash. The Company has already allocated $4 million for exploration of its seven properties.

Since July 2011, the Company has been actively pursuing its exploration program. The biggest milestone to achieve in the near future is completion of the drilling on the key Nisk property where new anomalies have been recently discovered.

To read the complete Initiating Report, click here: http://eresearch.ca/_report/MQR_110111-I.pdf

eResearch posts all its reports and articles on its website, www.eresearch.ca , and subscription is FREE.

About Us: eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

Contact:

eResearch: Bob Weir, CFA, Managing Director, Research Services

Telephone: [phone] Ext 221; E-mail: [e-mail]




http://www.marketwatch.com/story/eresearch-issues-initiating-report-on-monarques-resources-inc-2011-11-01