Galane Gold to resurrect historic Monarch Mine

Last week, Galane Gold executives told a resources conference that activities at Monarch would include studying the gold potential of a region beyond the 200 metre mark that previous mining reached before closure in 1998.

Prior to its closure, Monarch was the country's most successful gold mine, among the numerous mostly small-scale operations scattered in the north eastern gold belt. Galane Gold estimates that Monarch Mine, a landmark dating back to the 19th century, pumped out approximately 240,000 ounces of gold during its lifespan. Galane Gold CEO, Philip Condon said a prospecting licence has been applied for in respect of Monarch, with a programme of activities already laid out.