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Monarca Minerals Inc V.MMN

Alternate Symbol(s):  ORAGF

Monarca Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition and development of silver and base metal properties in Mexico. The Company holds interests in three mineral projects, which include Tejamen, San Lucas, and San Jose. The Company’s Tejamen property is located approximately 130 km northwest of Durango, the capital of the State of Durango and consists of approximately 23 mineral concessions covering approximately 1,685 hectares. The San Lucas Property is located 86 km north of the city of Durango and accessed via a paved highway, consists of approximately eight mineral concessions covering 79.6 hectares. The San Jose Property is located in Chihuahua, Mexico near the United States border, approximately 125 kilometers (km) west of El Paso, Texas and Juarez, Chihuahua, Mexico. The Property is also located 52 km northwest of the underground Bismark Mine operated by Grupo Penoles.


TSXV:MMN - Post by User

Bullboard Posts
Post by vijay99on Sep 22, 2011 5:19am
251 Views
Post# 19070185

getting closer?

getting closer?

In the April 11 MD & A the company expects 'surface rights to be granted by year end' and according to lakeside, management stated 'stay tuned' for news without giving information suggesting to me that it is a material newsrelease.


This is an interesting company 50 million ounces at $4 ounce cash cost with likelyhood of 100 million ounces (I say this due to the fact that the mineralized drill zones extend outward and holes terminated in mineralization.)


Real long term multibagger if they can get access to this project.







Bullboard Posts