Monarques Resources Inc.

Monarques Resources Inc.

September 15, 2011 09:00 ET

Monarques Resources Inc. Intersects Rare Earth Elements (REE) Mineralization (up to 1.50% Total Rare Earth Oxide - TREO) in the Arques Complex

QUEBEC CITY, QUEBEC--(Marketwire - Sept. 15, 2011) - Monarques Resources Inc. ("Monarques" or the "Company") (TSX VENTURE:MQR) is pleased to report the results of five diamond drill holes that were completed during the winter 2011 exploration campaign on its 100% owned Arques property. The Arques property is part of Monarques 125 km long polymetallic property package, that is located in the lower James Bay region of Quebec.

"Our 2011 winter program has provided an extraordinary surprise as it has confirmed the Arques complex as a new REE bearing unknown intrusive alkaline complex." said Guy Bourassa, Monarque's President & CEO. "Our exploration efforts will now focus on depicting the intrusion to distinguish any Rare Earth Elements, Niobium and Tantalum enriched lithologies."


The Arques 2011 winter drilling program was designed to explore an ellipsoidal magnetic feature modeled by a magmatic intrusion of about 8 km by 5 km. Five diamond drill holes (DDH) were positioned in a manner to intersect interpreted magnetic lineaments. All holes have mainly revealed critically undersaturated lithologies (monzonite). In addition, the hole RUP-11-05 has returned TREO values of 0.77% over 2.1 meters, 0.80% over 3.8 meters and 0.59% over 3.1 meter of which the best intersection grades 1.50% TREO over 1.0 meter.

As only the most differentiated lithologies have been sampled, the Company will review the drill core to conduct new sampling if required.

Following these encouraging results, the Company has begun its Phase II exploration program. This summer, a track-etching radiometric survey covering the entire complex (749 reading station) provided multiple high contrast anomalies. Monarques is initiating a 2,200 m diamond drilling program to follow up on these targets during the coming winter.

The technical sections of this press release have been prepared by Yves Caron, M.Sc., P. Geo., Vice-President Exploration for Monarques and qualified persons as defined in National instrument 43-101.

The samples have been shipped for preparation (crushing and pulverization) to the facilities of Table Jamésienne de Concertation Minière (TJCM) in Chibougamau. The prepared samples were then sent by courier to ALS Chemex facilities of Val-d'Or in Quebec ("ALS") for analysis under methods ME-MS81 and ME-ICP06. This laboratory is recognized by industry and accredited ISO/IEG 17025: 2005 by the Canadian Council of standards. Monarques Resources Inc. implements a rigorous quality control protocol to its operations, including the insertion of analytical control samples, duplicates and blanks and the follow-up on the results of these assays.


Monarques Resources Inc. (TSX VENTURE:MQR) is a mineral exploration company that is exploring for base metals, platinum group element (PGE) and precious metals on its 100% owned properties in the Lower James Bay Region of Quebec. These properties are entirely underlain by the Lac des Montagnes polymetallic greenstone belt formation, which hosts multiple showings and drill ready targets in addition to the Nisk-1 deposit. Monarques mineral assets are comprised of 1,233 map designated claims divided in 10 properties known as Arques, Amiral, Bourier, Caumont, Dumulon, Duval, Lemare, Nisk, Rosebay and Valiquette. The most advanced asset is the Nisk-1 deposit (nickel, copper, PGE) located on the Nisk property which contains a NI 43-101 compliant resource estimate prepared by Pierre Trudel, PH.D. Eng., of RSW Inc. and dated December 19, 2009. The properties are accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and are located near the Cree community of Nemaska and the Nemiscau airport. Nemaska Exploration inc. (TSX VENTURE:NMX) and (OTCQX:NMKEF), an advanced lithium exploration and development company is a major shareholder of Monarques.

The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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