- Monarca Minerals (MMN) has reported positive results from its San José Gold-Silver Project in northern Mexico
- The results greatly expand the company’s exploration area on the project
- Results stem from a stream sediment pan concentrate sampling program within the mining concessions at the project
- Of the twenty drainages sampled, all but two resulted in anomalous metal values
- Monarca Minerals is up 16.67 percent, trading at $0.035 at 9:30 a.m. EST
Monarca Minerals (MMN) has reported positive results from its San José Gold-Silver Project in northern Mexico.
The results greatly expand the company’s exploration area on the project.
Results stem from a stream sediment pan concentrate sampling program within the mining concessions at the project.
Drainages with anomalous values extend approximately eight kilometres from near the northern limit of the concessions to the southern limit of the concessions.
Of the twenty drainages sampled, all but two resulted in anomalous metal values.
“We are pleased with the results of the stream sediment pan concentrate sampling program at San José, which indicates large drainage areas with anomalous metal values, providing additional locations for sampling and mapping. This greatly expands the exploration area south of the geophysical anomalies and RC drilling locations completed in 2021,” said Monarca Executive Vice President of Exploration Michael R. Smith.
The Toronto-based mineral exploration company remains focused on the exploration and development of gold, silver, and base metal projects along a highly productive mineralized belt in Mexico.
Monarca Minerals is up 16.67 percent, trading at $0.035 at 9:30 a.m. EST.
