# Monarca Minerals Provides an Update on Its Upcoming Drilling Program for the San Jose Silver Project in Mexico

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/monarca-minerals-provides-an-update-on-its-upcoming-drilling-program-for-the-san--51df4574-579e-475c-b5f2-0f0d4f97bb5d

Original source: https://money.tmx.com/en/quote/MMN/news/6098743440210932/monarca-minerals-provides-an-update-on-its-upcoming-drilling-program-for-the-san

Publisher: tmx

Original announcement: 2021-03-04T13:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Monarca Minerals, Inc.

- Ticker: MMN

- Exchange: TSX

- Region: Chihuahua, Mexico

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Resource update, Permitting, Other

- Extracted: 2026-09-16 11:13:37 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Monarca Minerals is advancing the permitting process for its upcoming 5,000-metre drilling program at the San Jose Silver Project in Mexico. The company is finalizing surface rights agreements with local authorities and has completed an environmental assessment report.

Reasoning: The announcement provides an update on permitting and preparation for an upcoming drilling program rather than reporting new geological results.

- Positive factor: Permitting progress on surface rights agreements

- Positive factor: Environmental assessment report completed

- Positive factor: Drilling contractor proposals received

- Negative factor: Drilling program is still pending final surface rights ratification

Facts used in scoring: 1

## Classification and evidence

**Inferred Resource**

Polarity: negative

Story-specific tag

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Tejamen deposit resource is explicitly categorized as Inferred.

Evidence · text

> Inferred Mineral Resource of 19.8 million tonnes

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/monarca-minerals-provides-an-update-on-its-upcoming-drilling-program-for-the-san--51df4574-579e-475c-b5f2-0f0d4f97bb5d#fact-resource-facts-0)

Tejamen · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Tejamen
- Commodity: silver
- Region: mexico
- Reported Region: Durango, Mexico
- Ticker: MMN

#### Resource scope

- Estimate type: resource
- Resource group id: resource:af8cc622f4b729979275

#### Resource Data

- Category: inferred
- Tonnes: 19800000
- Grade: 45
- Grade Unit: g/t
- Contained Metal: 28.7
- Contained Unit: moz

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2021-03-04T00:00:00.000Z

Reasoning: This is a restatement of an existing resource for the Tejamen deposit, not new results from this release.

- Positive factor: Significant silver resource

Evidence · text

> Inferred Mineral Resource of 19.8 million tonnes at 45.0 g/t Ag \(28.7 million ounces of contained silver\) at its Tejamen deposit

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.