Monarch Gold Receives Excellent Results from New Tailings Study on the Wasamac Gold Project

MONTREAL, May 20, 2020 /PRNewswire/ – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation“) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the results of a geochemical assessment of the Wasamac deposit tailings. Monarch retained Ecometrix Incorporated (“EcoMetrix“) to assess the Wasamac tailings, including their geochemical characteristics, using the ore as a surrogate for the tailings, and the potential implications of storage and weathering in a typical tailing storage facility. The results of the assessment will provide the basis for scoping appropriate candidate tailings storage facilities for Wasamac.