# Monarca Minerals Reports Completion of First Two Drill Holes at San Jose Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--1cd42059-ea31-41ba-ac2e-b295d5b56694 Original source: https://money.tmx.com/en/quote/MMN/news/7641118617351398/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project Publisher: tmx Original announcement: 2021-09-03T12:11:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Monarca Minerals, Inc. - Ticker: MMN - Exchange: TSX - Region: Mexico - Primary commodity: Silver - Secondary commodities: Copper, Zinc, Lead - Document categories: Drill results, Other - Extracted: 2026-09-16 11:14:38 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Monarca Minerals has completed its first two drill holes \(SJ01 and SJ03\) at the San Jose project in Mexico. Field logs indicate successful intersection of skarn mineralization with various sulfide minerals, though assay results are currently pending. Reasoning: First drill holes completed at San Jose project showing visual evidence of skarn mineralization and sulfides, though grades are pending. - Positive factor: demonstrated existence of significant skarn mineralization - Positive factor: successful intersection of exoskarn and endoskarn - Positive factor: presence of sulfide minerals including pyrite, sphalerite, galena, and chalcopyrite - Positive factor: QA/QC procedures and QP sign-off disclosed - Negative factor: assay results are not yet available Facts used in scoring: 2 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release details specific QA/QC protocols including blanks, standards, and duplicates to be reviewed by a QP. Evidence · text > A sterile blank sample... and a mineralized reference standard... are alternately placed in the sample sequence every 20th sample. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project targets the mineralized contact at the Guadalupana mine. Evidence · text > It targeted the mineralized contact between limestone and adjacent granodiorite, at the Guadalupana mine ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### SJ01 [Link to this fact](https://atlas-extractions.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--1cd42059-ea31-41ba-ac2e-b295d5b56694#fact-drill-facts-0) San Jose · silver #### Identity - Hole ID: SJ01 - Project: San Jose - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MMN #### Geometry - From: 0 m - Hole Depth: 140.2 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill #### Location - Dip: -60 ° #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-09-03T00:00:00.000Z Reasoning: Initial hole completed; visual mineralization observed but no grades reported. - Negative factor: assay results not yet available Evidence · text > SJ01: Drill hole SJ01, angled easterly at -60º, was drilled to 140.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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 ### SJ03 [Link to this fact](https://atlas-extractions.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--1cd42059-ea31-41ba-ac2e-b295d5b56694#fact-drill-facts-1) San Jose · silver #### Identity - Hole ID: SJ03 - Project: San Jose - Commodity: silver - Region: mexico - Reported Region: mexico - Ticker: MMN #### Geometry - From: 207.3 m - Hole Depth: 329.2 m - Intercept Depth: 207.3 m #### Classification - Program: exploration - Sample Type: drill #### Location - Dip: 0 ° #### QA/QC - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-09-03T00:00:00.000Z Reasoning: Initial hole completed; visual mineralization observed but no grades reported. - Negative factor: assay results not yet available Evidence · text > SJ03: Drill hole SJ03 was drilled vertically to 329.2m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **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.