Monarch acquired a 100% interest in the McKenzie Break property from Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM). The property hosts a high-grade gold deposit that lies just 20 kilometres north of the Beacon mill and 35 kilometres north of Val-d'Or, Quebec. It consists of 169 mineral claims covering a total area of 70.5 km², and is accessible year-round via Route 397 and a gravel road. The property is also about nine kilometres south of the rail link between Barraute and Senneterre.
The McKenzie Break property is located in an area with existing infrastructure and several mills. It has surface and underground infrastructure, including a ramp down to a depth of 80 metres below surface.
Mckenzie Break - Photo Gallery
See Global Resource Statement page for assumptions and notes for each respective resource estimate.