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Monarques Resources Inc. ("Monarques" or the "Company") (TSX VENTURE:MQR) is pleased to present a summary of its most recent exploration programs.
Mr. Guy Bourassa, President and Chief Executive Officer, summarized the findings of the program when he commented: "The results from our Caumont property identified significant Ni-Cu-PGE mineralization up to 50 km south west from our Nisk-1 deposit. Moreover, the same geological setting is also encountered on our Valiquette property which lies about 20 km north east of Caumont, heading in the Nisk-1 direction. This is indicative of a fertile trend that is present on our properties." He continued, "We are currently planning the next exploration campaigns on our properties and shall report on this in a near future. On all of our properties we have now incurred close to $2.9M in exploration since July 2011, mostly in diamond drilling (8,100 m) and we look forward to continue developing our assets. "Complete and interpreted data will be presented as they become available".
- Nisk (Ni-Cu-PGE)
A total of 9 holes (1,857 m) were drilled during the fall of 2011 on the Nisk-1 deposit. The drill program was aimed at targets interpreted from an IP survey completed earlier in the summer of 2011 (see press release of October 25th, 2011). The main goal was to test the lateral extension of the Ni-Cu-PGE magmatic deposit. Long intervals of disseminated sulfides (pentlandite) were intercepted in three holes, over up to 1 km on both sides of the deposit.
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