# Monarca Minerals Reports Completion of First Two Drill Holes at San Jose Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--e98f5a34-3961-4a42-8f91-ec272f4d1638 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: 2026-08-23 22:55:12 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Monarca Minerals has completed its first two drill holes at the San Jose project in Mexico, visually identifying significant skarn mineralization. While sulfide minerals like pyrite, sphalerite, and galena were observed in field logs, formal assay results are currently pending. Reasoning: First drill holes completed at the project showing visual evidence of skarn mineralization, though grades are pending assay. - Positive factor: demonstrated existence of significant skarn mineralization - Positive factor: successful intersection of exoskarn and endoskarn - Negative factor: assay results are not yet available - Negative factor: mineralization based on field quick logs only Facts used in scoring: 5 ## 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: Release details QAQC procedures including blanks, standards, and duplicates, and mentions an ISO Accredited laboratory. Evidence · text > Procedures have been implemented by Monarca to assure Quality Assurance Quality Control \(QAQC\) **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Michael R. Smith, a Registered Member of SME, is named as the Qualified Person who reviewed and approved the release. Evidence · text > Michael R. Smith is the Qualified Person \(QP\) who has reviewed and approved the scientific and technical information ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### SJ01 [Link to this fact](https://atlas-staging.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--e98f5a34-3961-4a42-8f91-ec272f4d1638#fact-drill-facts-0) San Jose · silver #### Identity - Hole ID: SJ01 - Project: San Jose - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: MMN #### Geometry - Intercept: 9.1 m - Hole Depth: 140.2 m #### Classification - Program: exploration - Sample Type: drill #### Location - Dip: -60 ° #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-09-03T00:00:00.000Z Reasoning: Visual intersection of 9.1m exoskarn; grades not yet confirmed. - Positive factor: visual intersection of exoskarn - Negative factor: no assay results available Evidence · text > SJ01 intersected 9.1m of exoskarn with about 1% pyrite ### SJ01 [Link to this fact](https://atlas-staging.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--e98f5a34-3961-4a42-8f91-ec272f4d1638#fact-drill-facts-1) San Jose · silver #### Identity - Hole ID: SJ01 - Project: San Jose - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: MMN #### Geometry - Intercept: 42.7 m - Hole Depth: 140.2 m #### Classification - Program: exploration - Sample Type: drill #### Location - Dip: -60 ° #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-09-03T00:00:00.000Z Reasoning: Visual intersection of 42.7m endoskarn; grades not yet confirmed. - Positive factor: visual intersection of endoskarn - Negative factor: no assay results available Evidence · text > It also cut 42.7m of endoskarn. ### SJ03 [Link to this fact](https://atlas-staging.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--e98f5a34-3961-4a42-8f91-ec272f4d1638#fact-drill-facts-2) San Jose · silver #### Identity - Hole ID: SJ03 - Project: San Jose - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: MMN #### Geometry - Intercept: 1.5 m - From: 207.3 m - To: 208.8 m - Hole Depth: 329.2 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-09-03T00:00:00.000Z Reasoning: Visual intersection of 1.5m exoskarn with 20% pyrite; grades not yet confirmed. - Positive factor: high pyrite content observed visually - Negative factor: no assay results available Evidence · text > From 207.3m to 208.8m exoskarn mineralization was observed, with about 20% pyrite ### SJ03 [Link to this fact](https://atlas-staging.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--e98f5a34-3961-4a42-8f91-ec272f4d1638#fact-drill-facts-3) San Jose · silver #### Identity - Hole ID: SJ03 - Project: San Jose - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: MMN #### Geometry - Intercept: 83.8 m - Hole Depth: 329.2 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-09-03T00:00:00.000Z Reasoning: Total visual exoskarn thickness of 83.8m; grades not yet confirmed. - Positive factor: significant total thickness of exoskarn - Negative factor: no assay results available Evidence · text > The total intersected length of exoskarn mineralization was 83.8m ### SJ03 [Link to this fact](https://atlas-staging.minestarters.com/news/monarca-minerals-reports-completion-of-first-two-drill-holes-at-san-jose-project--e98f5a34-3961-4a42-8f91-ec272f4d1638#fact-drill-facts-4) San Jose · silver #### Identity - Hole ID: SJ03 - Project: San Jose - Commodity: silver - Region: mexico - Reported Region: Mexico - Ticker: MMN #### Geometry - Intercept: 76.2 m - Hole Depth: 329.2 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-09-03T00:00:00.000Z Reasoning: Total visual endoskarn thickness of 76.2m; grades not yet confirmed. - Positive factor: significant total thickness of endoskarn - Negative factor: no assay results available Evidence · text > along with 76.2m of endoskarn. ## 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.