Monarchy Resources, Inc. (MONK) Issues Update on Interests in Gold and Silver Operations in Mexico
Monarchy Resources, which is focused on strategic global investment in historically significant, primarily precious metals-related mining acreage, provided markets with an operational update today on the ongoing activities of their first portfolio company, New World Metals Corp. (in which Monarchy is a 45% shareholder), at the La Luna, Morelos, and Peneto mine sites in Mexico. New World Metals is a full-spectrum mineral development, processing, and refining company doing gold and silver recovery at some of the best geology in Durango and Chihuahua with historical production and existing infrastructure. As current production out of the La Luna/Morelos mines is coming in…