Board Change • May 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Director Monica Ospina was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Monica Ospina was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공지 • Feb 18
Monarca Minerals Reports Expansion of San Jose Exploration Area Based on Stream Sediment Pan Concentrate Sampling Program Results Monarca Minerals Inc. announced positive results from a stream sediment pan concentrate sampling program within its mining concessions at the San José 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 southern limit of the concessions. Of the twenty drainages sampled, all but two resulted in anomalous metal values. The metals are the same type as those encountered elsewhere on the Project including from previous surface sampling and mapping over known geophysical anomalies and old mine workings, and encountered during the RC drilling program completed in 2021. Drainages were sampled in the vicinity of known geophysical anomalies to better understand values that could be considered anomalous in other portions of the concessions, resulting in anomalous gold being considered at 0.005 ppm, arsenic (As) at 15 ppm, copper (Cu) at 16 ppm, lead (Pb) at 18 ppm and zinc (Zn) at 90 ppm. Other assayed elements did not show significant variability. Because some of the drainage areas are large (up to about 6 km2), additional stream sediment pan concentrate sampling may be done in smaller feeder drainages to fine-tune the size of the areas for follow-up mapping and sampling. The remaining smaller anomalous drainage areas will be sampled and mapped to potentially develop areas for additional geophysical surveys and possibly future drilling sites in previously unexplored areas of the concessions. Twenty ±10 kg samples of sand/gravel were collected in drainages at depths of between 30 cm and 60 cm. Where bedrock was encountered before 60 cm of depth, the starting depth of sample was reduced. bedrock. The samples were collected as vertical channels in the wall of the excavation. As the sample was being bagged, rocks larger than about 3 cm were discarded by hand. The sample was then panned to ±100 g, resulting in a 100:1 dense mineral concentration of the original sample. The samples were then fire assayed for Au and other elements were assayed using multi-element ICP analytical methods at ALS Chemex, an independent and ISO-certified laboratory. The location of each sample was measured with a handheld GPS instrument, using the UTM DATUM WGS84. The extent of the drainage area was determined by examination of the topography, which was obtained from Mexican government mapping. 공지 • Sep 15
Monarca Minerals Reports Completion of Additional Three Drill Holes at San Jose Project - SJ10, SJ11 and SJ15 Monarca Minerals Inc. announced that it has completed an additional three drill holes at its San Jose project. With the completion of an additional three drill holes, a total of 1,429.5m have been drilled. The average drilling rate is about 85m/day, drilling one shift/day. A booster compressor is locally being used to manage water flows. Drill holes SJ10, SJ11 and SJ15 have been successfully completed - all of the drill hole intersected exoskarn and/or endoskarn mineralization with sulfide minerals. The sulfide minerals observed were dominantly pyrite, with very fine grained dark sulfide minerals, which appear to be sphalerite and galena in some cases. Chalcopyrite was locally observed. The samples have been delivered to the laboratory sample preparation facility in Chihuahua, Mexico. SJ10: Drill hole SJ10, angled easterly at -60º, was drilled to 352.0m. It was drilled targeting a strong IP geophysical anomaly and intersected endoskarn with silicification. Up to 5% pyrite, along with 0-1% localized dark sulfides and chalcopyrite were observed (Figure 2: Drilling IP Geophysical Targets). SJ11: Drill hole SJ11 was drilled vertically to a total depth of 259.1m targeting a strong IP anomaly in an area of endoskarn and marble outcrop, close to the Calderon mine. It intersected 65.5m of exoskarn above endoskarn with silicification in biotite porphyry which was not observed in outcrop. The biotite porphyry has several percent magnetite, which likely explains the large magnetic geophysical anomaly in the southwest portion of the survey area. Pyrite and other sulfide minerals were observed in field logging. SJ15: Drill hole SJ15 targeted a strong IP geophysical anomaly and was drilled vertically, with a total depth of 349.0m. It intersected 48.8m of exoskarn, above 298.7m of endoskarn. Up to 3% pyrite with other sulfide minerals were observed. The granodiorite hosted endoskarn has up to 5% pyrite, with other sulfide minerals. 공지 • Sep 04
Monarca Minerals Inc. Reports Completion of First Two Drill Holes At San Jose Project Monarca Minerals Inc. announced that it 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 sulfide minerals, based on field quick logs. Both exoskarn and endoskarn mineralization were observed. The sulfide minerals observed were dominantly pyrite, with very fine grained dark sulfide 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.
SJ01: 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% pyrite and <1% of fine grained dark sulfide minerals. It also cut 42.7m of endoskarn. The remainder of the hole was silicified granodiorite with about 1% pyrite. SJ03: 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 sulfide mineralization consisting of pyrite and fine grained dark sulfide minerals. From 207.3m to 208.8m exoskarn mineralization was observed, with about 20% pyrite and fine grained dark sulfide minerals. The total intersected length of exoskarn mineralization was 83.8m, along with 76.2m of endoskarn. There appears to be potassic alteration (shreddy biotite) in the granodiorite in the bottom 32.0m of drill hole SJ03. 
