
Mont Royal commences Canadian gold sampling survey
- Mont Royal Resources has announced a helicopter-supported till sampling survey at its Chateaufort property in Quebec.
- The company's share price fell 7.69% to close at $0.12 following the exploration update.
- The survey aims to satisfy annual minimum expenditure requirements while assessing gold potential near an existing resource.
Mont Royal Resources (ASX:MRZ) has commenced a sampling programme to collect 60 till samples at its Canadian gold project.
The survey represents a continuation of the company's seasonal exploration targets following previous lithium and gold exploration work.
"The planned till sampling programme is designed to systematically evaluate the gold potential along strike from the Eastmain Gold Mine and associated prospective greenstone units," said Mont Royal Resources Managing Director Nicholas Holthouse.
The company stated that the field work is scheduled for completion in late July using helicopter-supported surveys.
Following the announcement, the Mont Royal Resources share price was down at $0.12 before preliminary data arrives in August.
The target area lies directly along strike from Benz Mining (ASX:BNZ), which holds an adjacent gold resource.
The project forms part of the broader strategy to systematically test unexplored gold and base-metal extensions in the region.