OTCPK:MEAOD - Post by User
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u2bobon Dec 03, 2016 5:14pm
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Post# 25551154
RE:MTO FINANCIAL POST
RE:MTO FINANCIAL POSTThanks Goldspinner...Sure sounds like Osk and Mto are well aware of the stakes involved...and each other ...sure will make for an interesting 2017 ...open pit will not be a problem to mine MTO has already mined 42,000 ounces from Barry ....as far as the deep intercepts goes sulphide (15%) long ways away those will be banked high grade ounces for any future takeover ... for now its open pit...and lets not foget Kirkland with Tony and Sprott they will be a new force in the area ...Tony`s already talking about growing the company 2017... end of the day open pit is whats need and higher gold prices...Highlighted some interesting quotes from below...I also believe Sprott could be a real bonus for MTO SHAREHOLDERS because of his large position in MTO ...plus he is Chairman of Kirkland and they own 10 million in BTR shares hard not to take notice of his connection to the Barry area...and with him owning 3% of OSK shares as well you can bet he knows whats going on in the area...question being is will the new Kirkland make a move and look for a property and mill in Quebec next ...
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| November 30, 2016 7:00 PM ET
More from Resources Wire | Jay Currie
Metanor ResourcesMetanor drill deployed at Barry property in the Province of Quebec.
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Speaking with Ron Perry, Metanor’s Vice President and Treasurer, you very quickly realize Metanor ( Metanor is not shy about the fact it believes its property is right on the same trend that Osisko’s Windfall mine is operating on. “This drill hole intersects two gold bearing zones associated with sulphide (15%) in proximity to a regional fault. As per the drill holes, this dominant geological structure has a minimal length of 6 km, toward the Windfall property belonging to Osisko Mining. A segment of 3 km of this structure extends on the Barry property belonging entirely to Metanor Resources.” reads Metanor’s “If you look at a map of our Barry project you’ll see that we fit into the Osisko Windfall project like a jigsaw piece,” said Perry. “Part of our property sticks right into the Osisko property.”
/www.metanor.ca/en/communiques-presse/metanor-intersects-70-9-gt-over-2-6-m-on-the-barry-property-adjacent-to-osisko-minings-windfall-property-2/" style="padding: 0px; margin: 0px; color: rgb(51, 102, 205); outline: 0px; text-decoration: none;" rel="noindex nofollow" target="_blank">October 31 Press Release.
Having a piece of the Osisko Windfall mine jigsaw is a potentially huge upside for Metanor. Being in the right place at the right time has been a challenge for Metanor. While it has a producing mine, as we discussed in
/business.financialpost.com/news/mining/ceo-interviews/metanor-survive-to-thrive" style="padding: 0px; margin: 0px; color: rgb(51, 102, 205); outline: 0px; text-decoration: none;" rel="noindex nofollow" target="_blank">our earlier interview , that mine is subject to a royalty agreement. The exploration which Metanor is engaged in at its Barry property is designed to produce material for the Metanor mill which is not subject to royalty provisions. It is also designed to bring higher grade material to the mill.
At time of writing, Metanor was trading at $0.055 with 436.19 million shares outstanding for a market cap of 26.17 million dollars.