Monarch Gold Corporation announced the results of a geochemical assessment of the Wasamac deposit tailings. Monarch retained Ecometrix Incorporated to assess the Wasamac tailings, including their geochemical characteristics, using the ore as a surrogate for the tailings, and the potential implications of storage and weathering in a typical tailing storage facility. The results of the assessment will provide the basis for scoping appropriate candidate tailings storage facilities for Wasamac. The investigation of the Wasamac tailings was based on the results of metallurgical testing completed in 2018 and recent independent geochemical analysis of archived samples from the four Wasamac ore zones. The results clearly show that the Wasamac tailings are non-potentially acid generating (non-PAG), with very little to no tendency to generate net acidity. Moreover, they show that the tailings contain excess capacity to neutralize acid from external sources. This conclusion is founded on the abundance of calcium- and magnesium-carbonate minerals in the ore and tailings, which represent effective neutralization potential to consume any acid produced by the oxidation of the sulphide mineral, pyrite, that will be present in the ore and tailings.