El Callao to supply Monarch mill

To expand sources of feed for the Revemin gold mill in Venezuela, Monarch Resources (TSE) has arranged to receive 7,500 tonnes of ore per month from El Callao Mining (VSE).

The ore will be delivered from the Lo Incredible property over a 1-year period. The contract may be extended, subject to mutual agreement. The agreement is subject to El Callao obtaining a mining permit from the Venezuelan government.

The Revemin, one of the country’s largest and most modern gold mills, is 51%-owned and operated by Monarch.