Monarch Gold (TSX: MQR) announced that it will be undertaking a vast, detailed compilation and 3D modelling program on its Camflo property in Quebec, Canada.<\/p>\n
Camflo is known for being Barrick Gold’s original asset. The property,\u00a0 located 15 kilometres northwest of Val-d’Or and 6 kilometres northeast of Malartic, includes the old Camflo mine and fully permitted mill and consists of 38 mining claims and one mining concession covering a total area of 948 hectares.<\/p>\n
Camflo Mines discovered the deposit in 1962 while drilling distinct magnetic features. In 1984, Barrick Resources (later renamed American Barrick) merged with Camflo Mines and the deposit became Barrick\u2019s first substantial asset. <\/p>\n The Camflo mine was in production for 27 years, from 1965 to 1992, and yielded a total of 1.65 million ounces of gold from 8,862,240 tonnes of ore grading 5.78 g\/t Au<\/p>\n<\/blockquote>\n<\/figure>\n The mine was in production for 27 years, from 1965 to 1992, and yielded a total of 1.65 million ounces of gold from 8,862,240 tonnes of ore grading 5.78 g\/t Au. Barrick Gold closed the Camflo mine in 1992 and Richmont Mines acquired it the following year. Monarch obtained the Camflo property in October 2017 when it acquired all the Quebec mining assets of Richmont Mines.<\/p>\n The 2020 program that Monarch wants to undertake includes detailed compilation and 3D modelling that will cover the entire property.\u00a0<\/p>\n In a press release, the company said the plan is to review all historical work, including the surface and underground holes drilled from 1939 to 2007, as well as historical plans and sections that detail the underground mine workings, mining and geology. <\/p>\n A high-resolution helicopter-borne magnetic survey will also be flown by Novatem Inc., covering the Camflo property with a 25-metre line spacing.<\/p>\n \u201cThe Monarch team consistently applies best practices when evaluating its portfolio of gold projects and moving them through the de-risking stage,\u201d Jean-Marc Lacoste, Monarch\u2019s president and CEO, said in the media brief. \u201cThe Camflo mine was an important milestone in the development of Barrick Gold, but the property has not been investigated using the currently available, more modern 3D modelling and exploration techniques developed over the last three decades. We feel the timing is right to advance the Camflo mine project through the targeting stage and once again into the development stage, which is our ultimate goal.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The miner will undertake a detailed compilation and 3D modelling program on its Camflo property in Quebec.<\/p>\n","protected":false},"author":92,"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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191182"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1191182"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191182\/revisions"}],"predecessor-version":[{"id":1191244,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191182\/revisions\/1191244"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1191182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1191182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1191182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n