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Metalore Resources Ltd MTLRF


Primary Symbol: V.MET

Metalore Resources Limited is a mining exploration company. It is engaged in natural gas production and gold exploration in Ontario. It owns and/or controls over 40,000 acres of petroleum, natural gas and mineral leases in Charlotteville and Walsingham townships in Norfolk County, Ontario. The natural gas is produced from 83 wells in two townships in Norfolk County, Ontario and is distributed to 150 commercial and residential customers along gathering pipelines via a cooperative agreement with Enbridge Gas Inc. It is involved in joint venture exploration with Equinox Gold Greenstone Gold Mines on the Brookbank gold properties, Thunder Bay mining district. It retains a 21-26% Joint Venture interest in 600 gold mining claims in the prolific Beardmore-Geraldton gold belt held by operator Greenstone Gold Mines. It retains a 1% NSR on the main gold-bearing property of 18 leased claims. It explores Northwestern Ontario for gold, copper, zinc, lithium, platinum-group elements and diamonds.


TSXV:MET - Post by User

Bullboard Posts
Post by bot_feederon Dec 01, 2009 1:16pm
500 Views
Post# 16540965

met

metNobody follows this company?


I have been in and out of it.  Seemed quite cheap this year so I bought some a month ago or so.

Quite a bargain for a natural gas stock.


However, they seem to be very indifferent to public relations- last I checked they still had that old klunker of a web site that tells you very little.  They way they run the company seems pretty klunky as well.

I'd like to see more results on their gold property, they showed some impressive intercepts in the past.
Bullboard Posts