Monarch Presents Mineral Resource Estimate for Its Croinor Gold Deposit

MONTREAL, Aug. 11, 2022 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX:GBAR.TO) (OTCQX:GBARF) is pleased to report the results of its 2022 mineral resource estimate for its Croinor Gold project, located 55 kilometres east of Val-d’Or. The mineral resource estimate assumes solely potential underground mining. The estimate was prepared by Olivier Vadnais-Leblanc, P.Geo., Carl Pelletier, P.Geo. and Eric Lecomte, P.Eng., of InnovExplo Inc., all three qualified and independent persons as defined by National Instrument 43-101. The estimate was prepared using all available information, including the results from the latest drilling programs. The effective date of the mineral resource estimate is June 17, 2022.