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BREAKING:Monarques Gold Confirms Pit Constrained Resource on its Mckenzie Break

  • The mineral resource estimate for McKenzie Break was prepared for two scenarios:
    • Scenario 1: A pit constrained Indicated resource of 48,133 ounces and Inferred resource of 14,897 ounces, and an underground Indicated resource of 53,448 ounces and Inferred resource of 49,130 ounces, for a total of 165,608 ounces of gold.
    • Scenario 2: An underground Indicated resource of 85,059 ounces and Inferred resource of 58,373 ounces, for a total of 143,432 ounces of gold.
  • Monarques Gold now has a combined measured and indicated resource of more than 3 million ounces of gold

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Message: Wondering

I forget the details, but they've been issuing shares to the SEDA (I think) and/or others in order to raise small amounts of cash until the new investor comes on board (hopefully by the end of this month per their last 8K).

Whilst we get diluted, it's a price we'll all have to pay to get this thing off the ground. 

They filed their usual quarterly extension of 5 days yesterday.  So we'll see the quarterly report (10Q) next Friday, if not sooner.  I couldn't find a link on Agoracom for financial SEC filings, but Fidelity (and probably other) sites have it. 

Not holding my breath, but am hoping for some final good news.  Fingers crossed whilst I wait.

PS - I always like "whilst" vs. "while".  Sounds classier, of which I ain't! 

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