Metalore Resources Ltd MTLRF

Primary Symbol: V.MET

Energy Oil & Gas E&P

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.

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Metalore Resources Ltd

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Post by peterfridayon Aug 16, 2015 6:18pm

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Post# 24023076

Ontario gas exploration to develop new technology

Many countries like india t.nko, Marocco ex. v.pma, Uk v.slg only own natural gas resources like Ontario completely beaten down, new technologies by Westport innovation could develop new economia fortheir agricutural machine, auto as well. Only depend on subsidiaries, tax shelter credit. So many gas venture dead, only big one survive...

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