{"id":1187562,"date":"2020-06-01T08:32:00","date_gmt":"2020-06-01T13:32:00","guid":{"rendered":"http:\/\/juniorminingnews.com\/?guid=66eaeaea92d5ad259de46d63c6c44f5d"},"modified":"2020-06-01T09:05:21","modified_gmt":"2020-06-01T14:05:21","slug":"monarch-gold-sells-fayolle-to-iamgold","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1187562","title":{"rendered":"Monarch Gold sells Fayolle to Iamgold"},"content":{"rendered":"<p>Canadian gold miner Iamgold will the Fayolle property, in Quebec, from junior miner Monarch Gold for $11.50-million in a share and cash transaction.<\/p>\n<p>The Fayolle property consists of 39 mineral claims covering 1 373 ha in the Aiguebelle and Cl\u00e9ricy townships, north-east of Rouyn-Noranda.<\/p>\n<p>Announcing the transaction on Monday, Monarch said Iamgold would issue shares to the value of $9.70-million for the property, as well as a $300 000 cash payment upon transfer of ownership of a parcel of land and a $1.5-million cash payment 90 days after the initial transport of ore from the Fayolle deposit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian gold miner Iamgold will the Fayolle property, in Quebec, from junior miner Monarch Gold for $11.50-million in a share and cash transaction.<\/p>\n<p>The Fayolle property consists of 39 mineral claims covering 1 373 ha in the Aiguebelle and Cl\u00e9ricy tow&#8230;<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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