Issue link: http://resourceworld.uberflip.com/i/937377
F E B R U A R Y / M A R C H 2 0 1 8 www.resourceworld.com 13 16.1 grams per tonne. Extending from Wawa, Ontario to Val-d'Or, Québec , the Abitibi Gold Belt has produced over 100 mines and more than 170 million ounces of gold since 1901. With such a production pedigree it's hardly surprising that companies like Monarques Gold Corp. [MQR-TSXV; MRQRF-OTC] are pursuing growth in one of the most prolific gold- producing regions of the Abitibi Belt, the Val d'Or mining camp. In October 2017, Monarques com- pleted the acquisition of Richmont Mines' Québec assets, affording the company an opportunity to grow an attractive port- folio of gold projects in the years ahead. Monarques currently owns more than 240 km² of gold properties in the camp includ- ing the Beaufor Mine, the Croinor Gold and Wasamac advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. The company also offers custom mill- ing services out of its 1,600 tonne-per-day Camflo mill. On the exploration front, the company recently completed a 26-hole 9,388 metres drill program on its Croinor gold project which increased the size of a deposit that is still open at depth and along strike. In early December, Monarques entered into a custom milling contract with Nottaway Resources Inc. to process ore from the Vezza Mine at the Camflo mill. The contract covers at least 15,000 tonnes of ore per month for at least 180,000 tonnes in 2018. This follows a custom milling con- tract with Wallbridge Mining Company to process 35,000 tonnes of ore at Camflo from the Fenelon Gold property located 75 km west-northwest of Matagami, Québec . In late December, Monarques announced an agreement with Agnico Eagle Mines Ltd. [AEM-TSX, NYSE] to acquire the McKenzie Break and Swanson properties which both host gold deposits near Monarques' wholly-owned Beacon and Camflo mills. Newrange Gold Corp.'s [NRG-TSXV; NRGOF-OTC] Pamlico gold project in Nevada is expected to be the focus of the company's ongoing exploration efforts. Crews were on site in February and March 2017 to complete detailed underground channel sampling and mapping of the Merritt decline. This decline crossed two zones bearing visible gold and an extensive pseudo-stockwork of veining when it was excavated by the prior owner (2013) and which had not been sampled at that time. Sampling by Newrange has confirmed the high-grade nature of these two zones and also resulted in the discovery of additional high-grade gold zones and dis- seminated gold mineralization. At last report, the company was awaiting final assay results for the last eight explo- ration holes of its second phase drill program. Company personnel are cur- rently expanding the mapping, rock and soil geochemical programs to focus on important target areas. Where accessible, historic underground mine workings will also be mapped and sampled. Reverse cir- culation and core drilling programs will then evaluate the potential of these targets going forward, the company says. With a recent $9.1 million private placement secured from Barrick Gold Corp. [ABX-TSX, NYSE], and a $10.2 million non-brokered private placement completed in September 2017, Reunion Gold Corp. [RGD-TSXV] is well funded to facilitate development of its gold projects in French Guiana and Guyana. Reunion's gold projects are situated in the Guiana Shield, the northern segment of the Amazonian Craton of South America. The greenstone belts of French Guiana, which trend E-W and extend westward into Suriname and eastwards into Brazil, form two major branches to the north and south of a predominantly intrusive core. Last February, Reunion concluded an option agreement to acquire a 75% inter- est in the Dorlin Project in French Guiana from Société Minière Yaou-Dorlin, a subsidiary of AUPLATA S.A., a French company listed on Alternext in Paris. The Dorlin Project consists of an 84 km 2 exploitation permit for gold in the central west region of French Guiana, approxi- mately 190 km southwest of the capital Cayenne. The property is accessible by a tractor trail, river and small fixed wing aircraft. According to Reunion, the project is underlain by rocks typical of the green- stone belts of the Guiana Shield which in the Yaou-Dorlin area hosts numerous small artisanal gold workings. In the 1990s sub- stantial exploration work was conducted in the area by Guyanor Ressources and Pretium Resources recently commissioned its 100%-owned underground Brucejack gold mine 65 km north of Stewart in northwest British Columbia's Golden Triangle region. Photo courtesy Pretium Resources Inc.