The merger between Bonterra Resources (BTR.V) and Metanor Resources (MTO.V) remains on track, and the companies have now entered into a C$4M loan agreement. Bonterra will advance C$4M (at a 10% interest rate) to Metanor, which will use the cash for general working capital purposes whilst both companies are working […]
Metanor Resources (MTO.V) is still working on its underground drill program at the Bachelor Lake gold mine in Québec, and the company has released a new batch of drill results from mineralized zones below level 14. The drill bit continued to intersect the main vein below the 14 level below […]
Metanor Resources (MTO.V) has released a production update, and the second quarter of its financial year 2017 was the best quarter it had in quite a while. Thanks to a (much) higher head grade of 5.1 g/t gold and a recovery rate of 96.5%, the company produced almost 9,800 ounces […]
The higher gold price is a blessing for Metanor Resources (MTO.V) as not only does it help the company to generate a positive operating cash flow at Bachelor Lake (which helps to cover the capital expenditures and exploration expenditures), it also provides a welcome boost for the lower-grade Barry project. […]
Metanor Resources (MTO.V) has released its full-year financial results, and just like we did with the financials after the first semester, we will have a closer look at how the company performed, and if it was able to generate a positive free cash flow. As we explained in our March […]
Metanor Resources (MTO.V) has released a PEA on its Barry project wherein the ore at Barry will be trucked (with massive 150 tonne road trains) to the Bachelor Lake mill to reduce the capital expenditures to develop Barry. Indeed, the initial capex is estimated at just C$8.5M, and as Metanor […]
As the gold price has been on the move again, Metanor Resources (MTO.V) has been revisiting the potential development scenarios at the Barry open pit mine. As Barry is located within trucking distance from the existing processing plant at the Bachelor Lake mine, any development scenario at Barry would be […]
Metanor Resources (MTO.V) has released an updated resource estimate for the Barry gold project, the first resource update in six years. Despite having mined some portions of the project to use the ore as feedstock for the Bachelor Lake mill, Metanor was able to increase the total resources from 780,000 […]
Metanor Resources (MTO.V) has now completed almost 15,000 meters of drilling at Moroy, which means the company has now drilled almost a quarter of the 60,000 meters it intended to drill to come up with an initial resource estimate at Moroy. This part of the drill program was focused on […]
Metanor Resources (MTO.V) has released another batch of drill results from its ongoing exploration program at the Barry project in Québec, Canada. The company reported back on the assay results of an additional 1,370 meters of drilling, and it definitely does look like Metanor is increasing the value of Barry […]
Metanor Resources (MTO.V) is in the final stages of a 1,200 meter drill program on the Barry gold property in Québec, Canada and the assay results from the first few holes are already quite interesting. Hole 04 contained 4.4 meters of 2.1 g/t gold as well as 10 meters of […]
Metanor Resources (MTO.V) seems to be stepping up its exploration game and after having decided to complete several tens of thousands of meters of drilling at the new Moroy target which is located within walking distance from the operating Bachelor Lake gold mine, Metanor will also start a drill program […]