Metanor Resources MEAOD

Tree shaking done ... No Freebies !

[u2bob]

Hewfran cash flow positive the rest of the year...this should accomplish what MTO needs to get Barry going as a second front combined with Hewfran...Also no need for PP...
completion of drilling and defining Moroy property... last but not least potential takeover once drilling is done at both sites...

The real issue is SSL...If they are not willing to work with us...then the only option is to get Barry going and then blend ore with Hewfran or switch from underground to open pit...mill expansion is also possiblity...or a selling feature now that power has been run to the area!

BOTTOM LINE...we need Barry and Hewfran making us a profit Moroy is still to far down the road but could work out if we are taken over... as in gold in the ground valuation...Sprott interested in a takeover ? Or the mining exploration and potential mill expansion of a producer...What does he see as the best return on capital ?

Barry ...very profitable at todays prices...$1640 Can.

Already intersecting 5.4 g/T gold over 9m.

Barry open-pit as a second front under an improved high-grade model.

 

 

  

Fig 1. (above) Metanor's Barry Pit section view looking north-west, filtered to show high-grade intercepts. The outline of the old pit is seen in green, it was mined to only ~28 m at its deepest point and is essentially ready to go back into service. .The present gold corridor is nearly 1 km long with a width of approximately 140m

MTO.V geologists are working under an updated interpretation of the orientation of the high-grade shoots at the Barry Mine. The old interpretation had two shoots dipping down, they are now viewed as three stacked shoots more horizontal than they are vertical. The old off-orientation interpretation resulted in the mixing of high-grade with low grade, lowering the high-grade and smearing the gold into lower grade, resulting in a lower average grade when estimating and block modeling. Now the geologists are collecting and affirming data under the new model that constrains the envelopes which contain the high-grade, Mining MarketWatch Journal believes this has the potential* to yield in excess of 1 million ounces and better grades than the current near-800K oz resource (in all categories).