Monarca Minerals Inc. Announces Management Restructuring
Toronto, Ontario--(Newsfile Corp. - March 29, 2023) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") reports that Mr. Paul Ténière has resigned as Director and Interim President and CEO. The Board of Directors would like to thank Mr. Ténière for his contributions to Monarca Minerals.The Board of Directors has appointed Mr. Carlos Espinosa as Interim President and CEO and he will remain as Director.Mr. Espinosa was CEO of Monarca between June 2018 to March 2022, and he was...
2023-03-29 4:44 PM EDT
Monarca Minerals to Extend Term of Outstanding Warrants
Toronto, Ontario--(Newsfile Corp. - July 11, 2022) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") announces that the Company will be extending the exercise period of a total of 55,900,000 share purchase warrants, all of which are exercisable at $0.075 per share (collectively, the "Warrants"). The Warrants were issued pursuant to a private placement which closed on August 20, 2020. The Company proposes to extend the expiry by one (1) year, and accordingly, the new expiry...
2022-07-11 5:05 PM EDT
Monarca Minerals Reports Expansion of San Jose Exploration Area Based on Stream Sediment Pan Concentrate Sampling Program Results
Toronto, Ontario--(Newsfile Corp. - February 17, 2022) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce positive results from a stream sediment pan concentrate sampling program within its mining concessions at the San José Project ("San José" or the "Project") in Mexico. Numerous drainages show anomalous values of Au, As, Cu, Pb and Zn. Drainages with anomalous values extend approximately 8 km from near the northern limit of the concessions to the...
2022-02-17 8:00 AM EST
Monarca Minerals Inc. Announces Management Changes
Toronto, Ontario--(Newsfile Corp. - February 9, 2022) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") reports that Mr. Carlos Espinosa has resigned as President and CEO of the Company effective March 4, 2022. Mr. Espinosa will remain a Director of the Company. The Board of Directors would like to thank Mr. Espinosa for his numerous contributions to date and the Board looks forward to his continued support.The Board of Directors has appointed Mr. Paul Ténière as Interim...
2022-02-09 8:00 AM EST
Monarca Minerals Reports Final Drill Hole Assays from Phase 1 Exploration Drilling at San Jose Project - Including Significant Molybdenum & Copper Values
Toronto, Ontario--(Newsfile Corp. - December 14, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has received final assays for the last eight drill holes from its Phase 1 San Jose exploration drilling program. The assay results are summarized below in Table 1 and indicate significant Au, Ag, Cu, Pb, Zn and Mo mineralization. Significant Cu and Mo mineralization occurs in some drill holes, hosted in potassically and endoskarn altered...
2021-12-14 8:00 AM EST
Monarca Minerals Grants Stock Options
Toronto, Ontario--(Newsfile Corp. - November 12, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that, in accordance with the Company's long term incentive plan, it has granted an aggregate of 2,250,000 stock options to directors, officers and employees of the Company. Each option is exercisable to purchase one common share of the Company at $0.09 per share for a period of 4 years from the date of issuance.About Monarca Minerals Inc. Monarca is a...
2021-11-12 4:00 PM EST
Monarca Minerals Reports Completion of Phase 1 Exploration Drilling at San Jose Project and Preliminary Results Including 4.07 G/t Au over 3.0m
Toronto, Ontario--(Newsfile Corp. - November 9, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has completed its Phase 1 San Jose exploration RC drilling program with 4,640.6m completed in 15 drill holes. Assay results from 7 of these drill holes are shown below in Table 1 and indicate significant Au, Ag, Cu, Pb and Zn mineralization, with the remaining assay results still pending from the laboratory.On Wednesday November 10, 2021, at...
2021-11-09 8:30 AM EST
Monarca Minerals Reports Completion of Two Additional Drill Holes at Its San Jose Project - SJ07 and SJ120
Toronto, Ontario--(Newsfile Corp. - October 12, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce that it has completed an additional two drill holes at its San Jose Project.Michael R. Smith (Monarca Minerals Senior VP Exploration) states, "We are pleased to report that two more drill holes, SJ07 and SJ12, have been completed, with significant intersection of skarn mineralization in limestone and intrusives rocks."With the completion of two...
2021-10-12 10:08 AM EDT
Monarca Minerals Reports Completion of Additional Three Drill Holes at San Jose Project - SJ10, SJ11 and SJ15
Toronto, Ontario--(Newsfile Corp. - September 14, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce that it has completed an additional three drill holes at its San Jose project.Michael R. Smith (Monarca Minerals Senior VP Exploration) states, "We are pleased that drilling at the San Jose Project continues to intersect significant skarn mineralization as drilling progresses to the north."With the completion of an additional three drill holes, a...
2021-09-14 8:00 AM EDT
Monarca Minerals Reports Completion of First Two Drill Holes at San Jose Project
Toronto, Ontario--(Newsfile Corp. - September 3, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce that it has completed the first two drill holes at its San Jose project.Michael R. Smith (Monarca Minerals Senior VP Exploration) 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...
2021-09-03 8:11 AM EDT
Monarca Minerals Obtains Environmental Permit to Complete Drilling Program on the San Jose Silver Project in Mexico, and Grants Stock Options
Toronto, Ontario--(Newsfile Corp. - August 3, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has obtained an Environmental Permit (known as Informe Preventivo) to complete its planned 5,000 metre drilling program on its San Jose Silver Project ("San Jose") in Mexico.Carlos Espinosa, President and CEO of Monarca commented, "We are very pleased that despite several delays due to COVID-19 restrictions in Mexico, we have obtained the...
2021-08-03 5:44 PM EDT
Monarca Minerals to Hold Annual General and Special Meeting of Shareholders on June 22, 2021
Toronto, Ontario--(Newsfile Corp. - June 7, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce the Company will hold its Annual General and Special Meeting of Shareholders on June 22, 2021 at 10:00 a.m. (Toronto time), for the following purposes:to receive the audited consolidated financial statements of the Company for the years ended November 30, 2020 and 2019 together with the report of the auditors thereon; to elect directors;to re-appoint...
2021-06-07 1:30 PM EDT
Monarca Minerals Signed a Surface Rights Agreement with "Colonia", Regarding Its Upcoming Drilling Program for the San Jose Silver Project in Mexico
Toronto, Ontario--(Newsfile Corp. - April 13, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce the execution and ratification by a Mexican Notary Public of the surface rights agreement with Colonia on the San Jose Silver Project ("San Jose") located near the USA border in Chihuahua, Mexico.As the Company informed on the press release dated March 4, 2021, surface lands for the San Jose project area are partially covered by "Ejido" lands and...
2021-04-13 11:10 AM EDT
Monarca Minerals Provides an Update on Its Upcoming Drilling Program for the San Jose Silver Project in Mexico
Toronto, Ontario--(Newsfile Corp. - March 4, 2021) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it continues to advance the permitting process for its upcoming drilling program on the San Jose Silver Project ("San Jose") located near the USA border in Chihuahua, Mexico.Surface lands for the San Jose project area are partially covered by "Ejido" lands and "Colonia" lands (community or communal lands), therefore the Company is required to sign a...
2021-03-04 8:00 AM EST
Monarca Minerals Reports Progress in Moving Toward Drilling at San Jose Project
Toronto, Ontario--(Newsfile Corp. - December 15, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce that it is advancing toward an initial approximately 5,000m drilling program at San Jose.Due to Covid, Mexican Agrarian governmental offices have been closed, delaying the permitting process. The federal offices related to surface land ownership have, in the last week, re-opened and resumed operations. There are now plans to consummate a meeting with...
2020-12-15 8:00 AM EST
Monarca Announces Debt Settlement
Toronto, Ontario--(Newsfile Corp. - December 1, 2020) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has entered into debt settlement agreements with two of its creditors (the "Creditors"), pursuant to which it will issue an aggregate of 751,201 common shares in the capital of the Company in consideration for the settlement of a total of $135,830.67 in accrued liabilities owing to the Creditors in respect of a consulting agreement and accrued...
2020-12-01 5:33 PM EST
Monarca Minerals - Unaware of Any Material Change
Toronto, Ontario--(Newsfile Corp. - October 13, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company").At the request of IIROC, Monarca Minerals, Inc. ("Monarca" or the "Company") wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.About Monarca Minerals Inc. Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV: MMN) and focused on...
2020-10-13 1:30 PM EDT
Monarca Minerals - Completes Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - September 9, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), announces that is has completed the previously announced (July 28, 2020) shares for debt transaction to settle an aggregate of $301,324.90 owing to certain officers, directors and service providers of the Company through the issuance of an aggregate of 6,026,498 common shares of the Company at an implied issue price of C$0.05 per share. The Company determined to satisfy...
2020-09-09 7:02 PM EDT
Monarca Closes Oversubscribed C$3.0 Million Private Placement, Including a Lead Order from Palisades Goldcorp
Toronto, Ontario--(Newsfile Corp. - August 20, 2020) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce is has closed the previously announced non-brokered private placement of units of the Company (the "Units") for gross proceeds of C$3,000,000 (the "Offering"). The Company issued a total of 60,000,000 Units of the Company at a price of C$0.05. Red Cloud Securities Inc. acted as a finder in connection with the Offering.Each Unit consisted of one common...
2020-08-20 9:00 AM EDT
Monarca Minerals Announce the Closing of the Sale of El Sol Project Agreement to Southern Silver Exploration Corp. and Appointment of Ms. Monica Ospina as Board Member
Toronto, Ontario--(Newsfile Corp. - August 10, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce the closing of the definitive agreement with Southern Silver Exploration Corp. to sell El Sol project in Durango, Mexico.El Sol concession is a single 63ha claim located on the northwestern boundary of Southern Silver's projects the Bocona block of claims and is adjacent to the Area of the Cerro which hosts the four mineral deposits currently...
2020-08-10 9:00 AM EDT