Monarques Gold announces a custom milling contract with Wallbridge Mining for 35,000 tonnes of ore


Monarques Gold Corporation (CVE:MQR) has announced that it has entered into a custom milling contract with Wallbridge Mining Company Limited (TSX:WM) to process 35,000 tonnes of ore from the Fenelon Gold property, located 75 km west-northwest of Matagami, Quebec, at Monarques’ Camflo mill.

This second contract signed in recent weeks is a testament to the processing expertise of our team at the Camflo mill,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Our goal is to have the Camflo mill running at full capacity, and we are pursuing our efforts to negotiate other custom milling agreements in order to achieve that goal. As reported previously, we recently received a certificate of authorization allowing us to increase the production capacity of the Camflo mill from 1,200 to 1,600 tonnes per day.

Wallbridge is currently awaiting permits to begin mining a 35,000-tonne underground bulk sample from its Fenelon property starting late fall and expects to deliver ore in the second quarter of 2018. Recent drilling results from the Fenelon Gold property to follow up on high-grade results have been quite successful so far this year to expand their resource.

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the Corporation’s qualified person under National Instrument 43‑101.

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