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NWM

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:NWM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Monarchy Resources Provides Corporate Update

21/08/2013 6:10pm

Marketwired Canada


Monarchy Resources, Inc., (OTCBB:MONK.OB) - 

The Company has been made aware that certain unsolicited emails have been sent
regarding the Company. The Company has no involvement with these emails
whatsoever. The Company is solely focused on its interest in the following three
mines; Morelos, La Luna, and Peneto. The Company is a 45% shareholder in New
World Metals, the owner of these three mines located in Chihuahua, Mexico. 


The Morelos mine is 21 hectares and has gold and silver as its main minerals
with assays averaging 2 grams of gold and 600 grams of silver per ton. Currently
there is a stockpile of 4,500 tons of ore ready to process. Production is
currently 30 tons per day. The Morelos mine has over 1,000,000 tons of proven
and probable resources and an additional 550,000 tons of inferred resources.


The La Luna mine is 30 hectares and has gold and silver as its main minerals
with assays averaging 2.5 grams of gold and 600 grams of silver per ton.
Currently there is a stockpile of 300 tons of ore ready to process. Production
is currently 25 tons per day. The La Luna mine has just over 300,000 tons of
indicated resources and an additional 413,480 tons of inferred resources.


The Peneto mine has gold and silver as its main minerals with assays averaging
11 grams of gold and 170 grams of silver per ton. Currently there is a stockpile
of 500 tons of ore ready to process. Production will start at 15 to 20 tons a
day. The Peneto mine has 160,000 tons of indicated resources and an additional
138,000 tons of inferred resources.


The Company will continue to keep its shareholders updated as developments on
these three mines occur.


About Monarchy Resources 

Monarchy Resources ("Monarchy") engages in a variety of investments in
historically significant, mining claims and mining real estate world-wide with
mineral reserves primarily consisting of precious metals. Monarchy Resources
takes a minority, non-operated position in precious metal mining projects. We
combine experienced management, low overhead and capital towards promising
strategic acquisitions. We allow operators to remain focused on their operated
interests and in return Monarchy receives revenue share of the profits from such
participation. Monarchy's non-operated position continues to gain momentum as
Monarchy partners with more operators and land professionals. 


About New World Metals 

New World Metals Corporation ("NWM") is a mineral development, ore processing
and refining company focusing on expanding its production of gold and silver in
Chihuahua, Mexico. NWM has two operational mines currently producing 200 tons
per day. As of 2013 the company is in the process of acquiring an equal share
percentage on a 250-ton per day processing plant. They will expand their mine
production to 360 ton-per-day within two years. 


Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements that involve risks and
uncertainties, including the Company's beliefs about its business prospects and
future results of operations. Some factors that could cause actual results to
differ materially include economic and operational risks, changes in anticipated
earnings, continuation of current contracts, and other factors detailed in the
Company's filings with the Securities and Exchange Commission, including its
most recent Forms 10-K and 10-Q. The Company forecasts provided above are
dynamic and therefore refer only to this release date. The Company does not
undertake to update any forecasts that it may make available to the investing
public. 


SOURCE: Monarchy Resources, Inc. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Monarchy Resources, Inc.
Damian Salazar
664-900-7415

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1 Year NWM Mining Corporation Chart

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