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| Home : Monarques Receives a Government Grant of $2,737,500 for Croinor Gold |
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May 17
2016 |
Monarques Receives a Government Grant of $2,737,500 for Croinor Gold |
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QUEBEC CITY, QUEBEC--(Marketwired - May 16, 2016) - MONARQUES GOLD CORP. ("Monarques" or the "Corporation") (TSX VENTURE:MQR) (FRANKFURT:MR7) is pleased to announce that Quebec's Ministère de l'Énergie et des Ressources Naturelles (MERN) has awarded a grant of $2,737,500 for construction of a power line to supply electricity to the site of the Croinor Gold ("Croinor") project. The funding has been granted to X-Ore Resources Inc., a wholly-owned subsidiary of Monarques, under the Écoperformance program. The Croinor Gold project, which is Monarques' key asset and hosts the Croinor deposit (43-101 Resource Estimate), is located approximately 70 kilometres east of Val-d'Or. |
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| Source:http://www.marketwired.com/mw/release.do?id=2125229&sourceType=3 |
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