Metanor Resources MEAOD

RE:Well, well, well, drilling on Barry...

[mstettler]

Wangotango67 wrote: I had mentioned awhile back - drilling on Barry...  Another poster said - nope - in so many words...

Then, I asked the question to myself - why arent they pushing to spark the pit back up - ASAP - inlight of the Debentures timeline - and inlighgt of it being far more advantageous for trhe company to pocket some cash - and bring the Barry Pit into a rea lproduction ?

So, more drilling on Barry - hoping to increase the ounces -  which suggests - do they really have an urgency to mine it or spruce it iup - dress it up - and @@@@ it - like so many JR's are noted for ?  lol - Who knows.... and as for this price point ? Its like a neverendum of 9 cents... 
A complete turn off... 

Metanor Resources begins 8,000-metre drilling at Barry

 

2016-09-08 11:44 ET - News Release

 

Mr. Ronald Perry reports

METANOR COMMENCES DRILLING PROGRAM AT BARRY

Metanor Resources Inc. has begun an 8,000-metre drill campaign on its Barry property. The objective is to increase the mineral resources around the pits at Barry and to increase their quality by converting mineral resources from the inferred category to the indicated category. The last compilation on the pit area showed that the resources are open in many areas.

The second sector targeted by this drill campaign is the sector of the Moss showing, located seven kilometres northeast of the Barry pit and four kilometres southwest of the Windfall deposit (belonging to Osisko Mining Inc.). The geological context and the structure controlling the deposit extend to this showing. The company's drill results from 2014 revealed the presence of gold anomalies near surface on a three-kilometre stretch extending to the southwest. The new drill holes will target the extensions of the gold anomalies.

Qualified person

Pascal Hamelin, PEng, vice-president of operations, is the qualified person under National Instrument 43-101 responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

It has occured to me that they may not be seeing a compelling business case in the upcoming PEA and have decided to shift focus to resource definition instead.  As usual we are kept in the dark with regard to the company's vision and strategy going forward.