- Monarca Minerals (MMN) has completed the first two drill Holes at its San Jose Project
- Drill holes SJ01 and SJ03 have been completed – each drill hole successfully intersected skarn mineralization with sulphide minerals
- The first batch of samples for assay will be shipped in a few days to the sample preparation laboratory in Chihuahua, Mexico
- Procedures have been implemented by Monarca to assure Quality Assurance Quality Control (QAQC) of all assaying
- Monarca Minerals, Inc. (MMN) is in the grey and is trading at C$0.75 at 3:59 pm ET, September 2, 2021
Monarca Minerals, Inc. (MMN) is pleased to announce that it has completed the first two drill holes at its San Jose project.
Michael R. Smith states,
“We are very excited about the positive results of the San Jose drilling, having demonstrated the existence of significant skarn mineralization.”
Drill holes SJ01 and SJ03 have been completed – each drill hole successfully intersected skarn mineralization with sulphide minerals, based on field quick logs.
Both exoskarn and endoskarn mineralization were observed. The sulphide minerals observed were dominantly pyrite, with very fine-grained dark sulphide minerals, which appear to be sphalerite and galena in some cases.
Chalcopyrite was locally observed. Assay results are not yet available. The first batch of samples for assay will be shipped in a few days to the sample preparation laboratory in Chihuahua, Mexico.
Drill hole SJ01, angled easterly at -60º, was drilled to 140.2m and was completed in one day. It targeted the mineralized contact between limestone and adjacent granodiorite, at the Guadalupana mine.
SJ01 intersected 9.1m of exoskarn with about 1 per cent pyrite and <1 per cent of fine-grained dark sulphide minerals. It also cut 42.7m of endoskarn. The remainder of the hole was silicified granodiorite with about 1 per cent pyrite.
Drill hole SJ03 was drilled vertically to 329.2m and was completed in four days, having intersected three exoskarn horizons. A booster compressor was utilized to manage water flows, which at a constant rate were about 5 gallons per minute.
It targeted an IP geophysical anomaly in an area where the nearest outcrop was about 100m distant, at the El Leon prospect. Three thick zones of exoskarn were intersected, each with sulphide mineralization consisting of pyrite and fine-grained dark sulphide minerals.
Procedures have been implemented by Monarca to assure Quality Assurance Quality Control (QAQC) of all assays that will be done at an ISO Accredited laboratory.
Monarca is a Canadian mining company focused on the exploration and development of silver projects along a highly productive mineralized belt in Mexico.
Monarca Minerals, Inc. (MMN) is in the grey and is trading at C$0.75 at 3:59 pm ET, September 2, 2021.