Monarques Resources Inc. (TSX-V: MQR) is exploring for base metals, PGE and precious metals in the Lower James Bay Region of Quebec. Monarques is the spin-off from Nemaska Exploration Inc.

Monarques’ IPO in June 2011 was successful and brought in $6 million in cash. The Company has already allocated $4 million for exploration of its seven properties.

Since July 2011, the Company has been actively pursuing its exploration program. The biggest milestone to achieve in the near future is completion of the drilling on the key Nisk property where new anomalies have been recently discovered.

To read the complete Initiating Report, click here: http://eresearch.ca/_report/MQR_110111-I.pdf

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