GOLD: InnovExplo to update Croinor PFS for Monarques

VAL-D’OR, Que. – InnovExplo will update the prefeasibility study and technical report for the Croinor gold project 70 km east of the town. The project is owned by Monarques Gold Corp. of Montreal. InnovExplo has been contracted to do the following:

• Update the mineral reserves using a new cut-off grade estimate based on new parameters, including a new stope design using the MSO (minable shape optimizer) module and the new 2016 resource estimation.
• Update the mining plan and schedule based on the new reserve estimate.
• Update the metallurgy using the Beacon mill parameters.
• Update the capital and operating expense estimates based on the latest prefeasibility study.
• Update the financial and sensitivity analyses, including a cash flow model (before and after tax).
• And lastly, prepare a technical report.

Learn more about InnovExplo’s expertise in mining engineering, geology and economic assessments at http://InnovExplo.com/en/home.