Tag: Metanor Resources

Bonterra and Metanor enter into a loan agreement

Bonterra and Metanor enter into a loan agreement

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 plans to produce 30-36,000 ounces gold this year

Metanor plans to produce 30-36,000 ounces gold this year

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 […]

Diamond drill set-up

Update: Metanor Resources – The Barry PEA

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 releases a positive PEA on Barry

Metanor Resources releases a positive PEA on Barry

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 […]

Metanor Resources adds almost 600,000 ounces of gold at Barry

Metanor Resources adds almost 600,000 ounces of gold at Barry

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 […]

Numerous deposits are within suitable distance to act as feed for the mill. This could eventually support an expansion.

Metanor discovers a new gold zone at Moroy

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 finds high-grade gold at Barry

Metanor finds high-grade gold at 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 starts the new Barry drill campaign

Metanor Resources starts the new Barry drill campaign

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 […]