Report about 'Monarch hitting more high grade gold' dated...

Report about 'Monarch hitting more high grade gold' dated 6/11/07.

Riverina Gold Deposit
An extensive RC drilling programme is underway, involving 11,000 metres in two stages. The programme is designed to confirm and extend the current resources which total 1.6 million tonnes at 3.8 g/t Au for 198,000 ounces. Mineralisation extends over at least 1.2 km in strike and more than 600m laterally in at least 6 sub-parallel lode systems, which have been poorly explored in the past.
The optimised pit has primarily been outlined between the Riverina South and Central shafts, covering a strike extent of 350 metres. The planned drilling covers a further 600 metres strike extent of historically worked mineralisation, with the lodes remaining open to the north.
Drilling will delineate mineralisation over a 950 metres strike length to an average vertical depth of 100 metres. The majority of this work will be completed by December 2007.
Early results, including in hole RMRC001, 4 metres at 11.6g/t Au have been reported, located some 600 metres north of the preliminary optimised pit. Further results over the 600 metres of strike are due in the near future.

Insidemoney, this report is certainly no writing on the wall..!