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Monarch Gold Corporation (the "Company"), incorporated on February 16, 2011 under the Canadian Corporations Act, specializes in mining and exploration. Its shares trade on the Toronto Stock Exchange tsx under the symbol MQR. Its operations are located in Canada. The Company has determined that one of its mining properties, Wasamac, contains reserves of economically recoverable ore, in accordance with a NI-43-101 feasibility study dated December 1, 2018 and filed on SEDAR on December 3, 2018. As of September 30, 2020, the Company has determined that the Wasamac property was still in the exploration stage, as the Company has not yet obtained the necessary financing to start construction and the development phase of the Wasamac project.
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