Monarch Mining Announces it Has Been Served With a Prior Notice of Exercice of a Hypothecary Right
2023-11-03 08:46:02 MONTREAL, Nov. 03, 2023 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces that Investissement Québec (“IQ”), one of its creditors, has served the Corporation a prior notice of exercise of a hypothecary right, in accordance with the loans it has granted Monarch, which are secured by a hypothec […]
Monarch Mining Announces Closing of Sale of Croinor Property
2023-07-28 04:36:18 MONTREAL, July 28, 2023 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces the closing of the sale of its 100% interest in the Croinor gold property to Probe Gold Inc., as disclosed in its press release dated July 13, 2023. About Monarch Monarch Mining Corporation (TSX: GBAR) (OTCQB: […]
Monarch Mining Signs Royalty Buyback Option Agreement With Gold Royalty
2023-07-24 04:36:07 MONTREAL, July 24, 2023 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) has entered into a royalty buyback option agreement with Gold Royalty Corp. (“Gold Royalty”) regarding the McKenzie Break, Swanson and Croinor properties (the “Property”). Monarch will have the right, exercisable for a period of 24 months, to […]
Monarch Mining Expands Size of McKenzie Break to 1,100 m by 700 m With Latest Drilling Results
2023-07-12 04:36:18 Monarch reports gold assays for the remaining 16 drill holes of its 2022 McKenzie Break drilling program. Hole MK-22-349 intersects 1.26 g/t Au over 23.6 m, followed by another broad zone 47 metres down the hole with 1.41 g/t Au over 17.3 m. This drill hole is located approximately 35 metres beyond the southeast […]
Monarch Mining Continues to Expand Size of McKenzie Break With Latest Drilling Results, Including 1.77 g/t Au Over 31.0 m (101.7 ft)
2023-05-09 04:36:07 Monarch reports gold assays from 13 drill holes of its 2022 McKenzie Break drilling program. Hole MK-22-348 intersects an impressive 1.77 g/t Au over 31.0 m, including a higher grade section of 2.83 g/t Au over 15.6 m along the southeast limit of the current proposed pit shell. Notable broad zones of mineralization […]
Monarch Mining Announces Change to Board of Directors
2023-03-31 14:30:28 MONTREAL, March 31, 2023 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces the resignation of Renaud Adams as a director of the Corporation effective immediately. Mr. Adams was recently appointed President and CEO of a mining company and will devote the majority of his time to his new […]
Monarch Mining Provides Exploration Update on Its McKenzie Break and Swanson Projects
2023-03-15 04:03:27 A total of 3,891 samples to be sent to the laboratory for assaying this week: 2,759 samples for McKenzie Break and 1,132 samples for Swanson An additional 5,100 metres of drill core from McKenzie Break will be logged and sampled for assaying representing approximately 4,000 samples Monarch has drilled 41,465 m in 121 holes […]
Monarch Mining Announces the Closing of a First Tranche of $1 Million of a $1.5 Million Flow-Through Private Placement
2023-03-10 12:33:04 MONTRÉAL, March 10, 2023 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces the closing of the first tranche of a non-brokered private placement for total gross proceeds of $999,997.15 (the “Offering”). The Offering consisted of the issuance of 7,333,334 flow-through units of the Corporation (the “Quebec FT […]
Monarch Mining Announces the Closing of a First Tranche of $4.07 Million of a $5 Million Private Placement
2023-01-20 05:26:10 MONTRÉAL, Jan. 20, 2023 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQB: GBARF) announces the closing of the first tranche of a non-brokered private placement for total gross proceeds of $4,074,432 (the “Offering”) effective January 19, 2023. The first tranche of the Offering consisted of the issuance of 62,683,576 […]
Monarch Mining Announces C$5 Million Private Placement
2022-11-30 05:25:38 MONTREAL, Nov. 30, 2022 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announces that it is proceeding with a non-brokered private placement (the “Offering”) of a minimum of 15,384,615 and a maximum of 76,923,077 common shares (the “Shares”) at a price of $0.065 per Share, for a minimum […]
Monarch Increases Debt Settlements to $11.5 Million
2022-11-21 14:12:10 MONTREAL, Nov. 21, 2022 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announced today an update on the total amount of debt settlements disclosed on November 15, 2022. As of today, the Corporation has reached agreements with 115 of its creditors for $11.5 million (the “Debt Settlement”). The […]
Monarch Mining Announces Debt Settlement
2022-11-15 05:40:52 MONTRÉAL, Nov. 15, 2022 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announced today that it has reached agreements with certain of its creditors for more than $9.3 million (the “Debt Settlement”). The Corporation will issue 36,383,805 common shares at a price of $0.075 per share and defer […]
Monarch Mining Reports First Quarter Results
2022-11-11 15:13:07 MONTRÉAL, Nov. 11, 2022 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) reported its results today for the first quarter ended September 30, 2022. Amounts are in Canadian dollars unless otherwise indicated. Summary of financial results (In dollars except per-share data) Three-month periods ended September […]
Monarch Mining Reports 11.07 g/t Au Over 7.4 M (24.3 ft) Within a Wider Zone of 1.76 g/t Au Over 101.85 M (334.2 ft) at Swanson
2022-10-18 04:43:35 Monarch reports both high-grade and widespread gold assays in a fifth set of results from its 2021-2022 Swanson drilling program. Hole SW-22-025 intersected an impressive 11.07 g/t Au over 7.40 m within a much wider zone of 1.76 g/t Au over 101.85 m. Other notable results include 27.8 g/t Au […]
Monarch Mining Suspends Operations at Beaufor Mine
2022-09-27 14:47:44 MONTREAL, Sept. 27, 2022 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) reports today that it has suspended its operations at the Beaufor Mine due to financial and operational challenges. The mine will be put on care and maintenance for an undetermined period. As reported on August 31, […]
Monarch Mining Files Technical Report for Its Croinor Gold Project
2022-09-26 04:42:08 1 Source: NI 43-101 Technical Report and Mineral Resource Estimate for the Beaufor Mine Project, October 13, 2021, Val-d’Or, Québec, Canada, Charlotte Athurion, P. Geo., Pierre-Luc Richard, P. Geo., and Dario Evangelista, P. Eng., BBA Inc. 2 Source: NI 43-101 Technical Report and Mineral Resource Estimate for the Croinor Gold Project, June […]
Monarch Mining Reports 18.18 g/t Au Over 13.5 m (44.3 ft) at Swanson
2022-08-30 04:38:38 Monarch reports high-grade gold assays in a third set of results from its 2021-2022 Swanson drilling program. Hole SW-22-023 intersected an impressive 18.18 g/t Au over 13.5 m along the down-plunge extension of the Swanson deposit, including higher-grade intervals of 117.91 g/t Au over 2.0 m and 2.75 g/t Au […]
Monarch Mining Reports High-Grade Drill Results at Beaufor Confirming the Extension of the W and 140 Zones at Depth
2022-07-25 04:39:28 Monarch has received additional high-grade assays from its 2021-2022 underground drilling program that include 37.59 g/t Au over 2.5 m, 29.79 g/t Au over 2.45 m, 21.7 g/t Au over 2.87 m, 10.09 g/t Au over 3.6 m, 418.0 g/t Au over 0.63 m and 67.1 g/t Au over 1.1 m. These […]
Monarch Mining Reports 0.92 g/t Au Over 225 m (739 Ft), 0.97 g/t Au Over 174 m (580 Ft) and 1.03 g/t Au Over 159 m (522 Ft) at Swanson
2022-07-19 06:13:24 Monarch reports additional gold assays in the second set of assays received from its 2021-2022 Swanson drilling program. Impressive thicknesses of gold mineralization continue to be intersected to the north and at depth below the current pit shell, with 0.92 g/t Au over 225.25 m (SW-22-010), 0.97 g/t Au over 174.00 m […]
Monarch Mining Begins Processing the Beaufor Mine Ore at its Wholly-Owned Beacon Mill
2022-07-05 04:38:56 Following the pre-commissioning of the mill with waste rock, Monarch has started processing a 530-tonne batch of ore at its Beacon Mill. A total of 31,079 tonnes of ore averaging 4.76 g/t Au has been mined and 30,549 tonnes are currently stockpiled, ready to be processed. Monarch plans to pour […]
Gold Royalty Completes Expanded Royalty Financing with Monarch Mining
2022-04-06 13:33:03 VANCOUVER, BC, April 6, 2022 /CNW/ – Gold Royalty Corp. (“Gold Royalty” or the “Company“) (NYSE: GROY) is pleased to announce that it has completed its previously announced transaction with Monarch Mining Corporation (“Monarch“). Pursuant to the transaction, Gold Royalty provided C$4.5 million in additional royalty financing to Monarch in exchange for increasing the size […]
Harfang Exploration Inc. and LaSalle Exploration Corp. Announce Merger and Concurrent Financing with Strategic Investment from Monarch Mining Corporation
2022-01-06 10:14:49 Montreal, Quebec and Vancouver, British Columbia–(Newsfile Corp. – January 6, 2022) – Harfang Exploration Inc. (TSXV: HAR) (“Harfang“) and LaSalle Exploration Corp. (TSXV: LSX) (“LaSalle“) are pleased to announce that they have entered into a definitive Arrangement Agreement dated January 5, 2022 (the “Agreement“) pursuant to which Harfang will acquire all of the […]
Monarch Mining Obtains Receipt for Final Base Shelf Prospectus
2021-12-23 14:44:07 MONTREAL, Dec. 23, 2021 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) announces that it has received a final receipt for the final short form base shelf prospectus (the “Shelf Prospectus”) filed with the securities regulatory authorities in all the provinces of Canada (except the territories). Monarch will […]
Monarch First Mining Company to Earn the Concilivi Seal
2021-12-23 05:35:59 MONTREAL, Dec. 23, 2021 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce that it has completed the accreditation process and been officially granted the Concilivi Seal by the Concilivi decision committee, for its work-life balance (“WLB”) best practices. Monarch, a supportive organization Monarch launched the process […]
Monarch Announces the Results of Its Annual Meeting
2021-12-15 12:07:42 MONTREAL, Dec. 15, 2021 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to announce the results of its annual general meeting of shareholders, which was held today in a virtual-only format. All the nominees listed in the Corporation’s management proxy circular dated November 9, 2021, were […]
Monarch Mining Starts 5,000-Metre Exploration Drilling Program on Swanson
2021-11-16 05:38:35 Monarch has completed a 3D compilation and identified priority drill targets on its Swanson property. A 5,000-metre (17-hole) drilling program will start later this month with a focus on exploration targets near the Swanson deposit and the outer limits of the current mineral resource envelope. Historical intersections in the deposit […]
Monarch Mining Prepares Beaufor Mine and Beacon Mill for the Restart of Operations
2021-10-27 04:36:35 MONTREAL, Oct. 27, 2021 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased to provide an update on the restart of operations at the Beaufor Mine and Beacon Mill, scheduled to begin in the coming weeks in preparation for the start of mining in 2022. Rehabilitation work […]