MONK holds 45% interest in mining operation: Provides Shareholder Update
PARRAL, MEXICO--(Marketwired - Feb 25, 2014) - Monarchy Resources, Inc. (MONK) -
Monarchy Resources is pleased to provide the following update to its shareholders. Over the past several weeks, the Company has received a number of inquiries from shareholders seeking greater clarity as to the Company's business plan and operations moving forward in 2014. In response, the Company wishes to clarify that it is firstly a Company that seeks to invest in historically significant mining claims and mining companies that operate independently, actively, and successfully in their local area with local competent management. The Company currently holds a 45% interest in New World Metals, a Chihuahua-based Mexican mining operation.
Through 2014, the Company is focused primarily on developing its investment in New World Metals. New World Metals' three precious metals operations in Mexico continue to stockpile ore. While the company continues to develop its underground operations this stockpiled material will be used to produce gold and silver concentrate through a single-stage flotation circuit process. The concentrate will be shipped to Met-Mex Peñoles, a Mexican refinery located in Torreon, Mexico. New World Metals has informed the Company that it anticipates sending its first shipment of concentrate by June 2014.
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 three operational mines in Mexico.
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.
Contact:
Monarchy Resources, Inc.
Jose Perez
702-722-1003
Monarchy Resources, Inc.
Investor Relations
1 (888) 876-9995
MONK@mscorpcommunications.com
