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On Thursday October 6th, Red Cloud Klondike Strike Inc. will be hosting its 4th Annual Fall Mining Showcase. The event, that will offer attendees the opportunity to meet with a number of companies, features presentations from 20 companies and a buy-side discussion panel comprised of three of the industry’s most influential fund managers. Visit the event page for more details on the day’s schedule. In this post we provide a brief preview on the 20 presenting companies and 8 banner sponsors that will also be in attendance. read more
Monarques Gold (TSXV:MQR) announced that it plans to drill 10km at its Croinor project in Quebec this fall. Based on our recent visit (report here), this drilling has the ability to expand the existing resource at Croinor and could add satellite deposits from the Gold Bug, Trench 2 and Bug Lake targets. In our view, Croinor has the potential to start small and grow and this upcoming drill campaign has the ability to demonstrate that. read more
Last week we had the opportunity to visit Monarques Gold Corp’s (TSXV:MQR, C$0.47) Croinor gold project and the Beacon Mill near Val d’Or, Quebec. Our key takeaways’ were that while the geology could be challenging as demonstrated by past operations, Monarques has the benefit of that experience and is taking a systematic approach to evaluate the current resource and historical data to develop increased confidence for mining. As well, the company plans to identify new potential resource areas both along strike within the diorite intrusive, the traditional host of mineralization, and at the Gold Bug target which appears to be hosted in a quartz porphyry intrusion. Finally, our visit to the Beacon mill suggests that the mill is in good condition, is well bought as suggested in our previous post, and that the estimated C$2-3 million required to restart the mill is reasonable. read more
Monarques Gold Corp. (TSXV:MQR) announced a letter of intent to acquire the Beacon Mill, associated property and mining claims for C$3.5 million plus rehabilitation deposits. Importantly, the agreement comes with a deferred payment schedule, allowing Monarques to direct current cash towards the development of Croinor. Considering that the existing PFS for Croinor assumed toll milling, the operating costs savings should benefit project economics.
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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