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Monarch Mining Corporation

11:50 AM EST - Monarch Mining Corporation : Announced the second set of results from its 2021-2022 drilling program on its wholly-owned Swanson gold project, located 55 kilometres northeast of Val-d’Or, Quebec. The Swanson property comprises a contiguous group of 127 map-designated claims and one mining lease covering an area of 5,125.8 ha. The project is also located 50 kilometres north of Monarch’s wholly owned 750-tonne per day Beacon mill. This is the first drilling done on the property since Monarch Gold acquired it from Agnico-Eagle Mines in 2017. These positive drill results have encouraged Monarch to continue testing the extensions of the gold mineralization along strike and at depth. Monarch Mining Corporation shares T.GBAR are trading unchanged at $0.37.