15:22:57 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Monarques Gold Corp
Symbol MQR
Shares Issued 111,916,539
Close 2016-07-19 C$ 0.51
Market Cap C$ 57,077,435
Recent Sedar Documents

Monarques begins engineering work on Croinor power line

2016-07-20 09:26 ET - News Release

Mr. Jean-Marc Lacoste reports

MONARQUES STARTS ENGINEERING WORK FOR THE CROINOR GOLD POWER LINE

Monarques Gold Corp. has received an initial $684,375 from the Ministere de l'Energie et des Ressources Naturelles (MERN), enabling it to start work on the engineering design for the 25-kilovolt power transmission line at the Croinor gold mining project.

"The power line is the first step in the development of the Croinor gold mining project," said Jean-Marc Lacoste, president and chief executive officer. "The engineering work is already under way, and is being carried out by WSP in Val d'Or. As I have said before, we expect this power line to both reduce production costs significantly and minimize the project's environmental footprint."

On May 16, 2016, the corporation announced that it had been awarded a grant of up to $2,737,500 by the MERN for the 26-kilometre power line to the Croinor gold site. The funding was granted to X-Ore Resources Inc., a wholly owned subsidiary of Monarques, under the Ecoperformance program.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.