MONARCH GOLD MINE - SALE OF MINE Project in Cairns, QLD ...
Target consists of 320,000 t along strike to a depth of 10m at 4.6g/t gold and a further 65,000t to a depth of 100m @ ~ 15g/t gold. Reserves: 369,000t including 49,000t drill indicated and measured with a potential of 900,000t updip from strike. A further known potential exists outside the subject area and at greater depth. ML 4972.