Monarca Minerals Inc. Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - February 10, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to provide an update on the Company's activities over the last few months. This period has been a difficult for Monarca and Junior Mining Companies in general. We are encouraged by the recent strength in precious metal prices and believe, given the uncertainty in the today's world, that this strength will continue.
Through this difficult period with limited funds the Company has managed to keep all properties in good standing and maintain the Company's office in Durango.
Carlos Espinosa, a Monarca Director, has been closely monitoring developments in Mexico and the State of Durango. Given the recent changes in Mexico, especially the newly elected pro-mining government in the State of Durango, and subject to funding, the Company is confident, that we will gain surface access to Tejamen in the near future.
The Company is evaluating all funding options including property joint ventures, sale of properties, royalty agreements. In that regard Monarca is in preliminary discussions with several companies and groups. In addition to those discussions Monarca has also had preliminary discussions with groups focusing on adding additional properties to the Company's portfolio of properties.
About Monarca Minerals Inc.
Monarca is a Canadian company focusing on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including a mineral resource of 27.8 million ounces of silver (19.8 million tonnes at 45.0 g/t Ag) at its Tejamen deposit.
For further information, please contact:
Chief Executive Officer
Monarca Minerals Inc.
Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:
The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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