Monarch Gold Corporation announced that it has received the final results from the helicopter airborne magnetic survey conducted on its behalf by Novatem Inc. on the Camflo property. Given that Camflo Mines discovered the Camflo deposit while drilling distinct magnetic features in 1962, Monarch decided to conduct a detailed helicopter airborne magnetic survey over the property at a 25-m line spacing in a bid to identify fold features similar to the one hosting the Camflo stock and mineralization along the southern limb of a larger, more regional fold. The survey was successful in clearly outlining the folded iron formation associated with the mineralization at the Camflo mine, as confirmed by underground work at the mine. It also identified potential targets to the southeast, defined by a similar fold feature along the same stratigraphy, and two additional potential fold features to the northwest of the mine. As a next step, Monarch will undertake a detailed compilation of historical data from the Camflo property. This will include all historical works, drifts, sub-levels, shafts, stopes and other underground openings. The compilation will also include 3,000 surface and underground diamond drill holes drilled from 1939 to 2007. Information from mine openings used for mine production and contained on level plans and cross sections will be digitized in order to reconstruct the underground infrastructures in 3D. Lithological contacts, geological structures and mineralized zones contained in the level plans and cross sections will also be digitized and may eventually be used for the preparation of the 3D litho-structural model to improve the understanding of the deposit and generate quality exploration targets with the objective of identifying new mineral resources on the property. The Company has retained the services of InnovExplo of Val-d'Or, Quebec, a company experienced in this type of historical data compilation and 3D modelling, to undertake this important project. Work will begin in early September and should be completed before the end of the year. A preliminary compilation of historical surface drill holes by Monarch geologists has identified a syenite intrusion intersected in two holes drilled in 1962, located approximately 800 metres to the southeast, along the stratigraphic horizon that hosts the Camflo stock.