..on their site quickly ...lol...maybe MTO can use this site as our corporate presentation site and add a link to them !
Breaking News
Special Exploration Update; New discovery zone at Bachelor has massive upside potential -- Metanor intersects 10.1g/t Gold over 26.2 m near-surface:
This September 22, 2015 Metanor announced it has intersected 10.1 g/T Gold over 26.2 meters near-surface(hole M0-15-14) in a new discovery zone not linked to anything previously known, only ~900 meters south of the headframe at Bachelor. This exceptionally stellar high-grade intercept begins at only 6.4 meters depth and is now being followed-up to investigate how, if at all, it is connected to an earlier drill hole intercept (MO-15-08) at 605 m depth that yielded 26.8 g/T Gold over 1 m, this is being accomplished in-part by continuing M0-15-14 to ~600m. On October 27, 2015 Metanor announced a second hole drilled near the first hole confirms the presence of an important zone (see related Oct. 27, 2015 release "Metanor Confirms the Discovery of a New Auriferous Corridor Near Surface"). The exploration plan also will see Metanor drill a series of short holes to locate the direction and thickness of the new discovery. If the core angle is the same orientation as the rest of the mine then Metanor may have hit the jackpot if the dots connect as is hoped. The implications for shareholders of MTO.V will be profound as there appears potential to see a new high-grade open pit mine from surface and also perhaps underground at depth via drift from the existing Bachelor Mine. The caliber of the intercept is stunning and dramatically increases the attractiveness of MTO.V for potential suitors looking to acquire/buy-out.
This new discovery fits well into the future expansion plans for Metanor: It is anticipated that for only few million in capex Metanor could increase the milling capacity to accommodate a second front and facilitate output that could possibly yield 80,000+ ounces Gold (possibly even 100,000 oz in the future depending on variables) per annum from the Bachelor Mill, the increase in scale would also translate toward lowering cash costs.
Figure 2b - Gold Producer Metanor Resources Bachelor Project, location of new discovery zone 10.1 g/T Gold over 26.2 m indicated by red dot.
The new discovery is directly adjacent road access, almost in line with the headframe (due south of), drilled towards the pluton (which is located under the tailings area). Metanor should be able to make quick progress on defining the near-surface deposit, its relatively flat in the area with only a little overburden, we estimate 50 short holes could be drilled within a couple month, and assuming favorable results a sketch of an open pit shell could develop. If Metanor determines within the next few weeks that the new vein is near vertical the Company could drive a drift from underground. This new discovery drill hole stemmed from high-powered IP geophysics that Metanor had tested with the earlier hole at depth to see it responded well with the type of ore it had, that earlier anomaly was identified and drilled-off with the results geologists expected (26.8 g/T Gold). Metanor has determined that there is a direct correlation between the percentage of pyrite and the hole grade -- the anomalies setting up to be tested next are essentially more of the same and results could potentially yield wildly phenomenal grades. Important to remember is that Bachelor, and other mines in the Abitibi region, have been historically founded with little gold yet continue to be mined yielding many multiples what was originally found, adding as they go. However the difference with this new discovery is results near-surface (10.1 g/T) are far better than anything before in the region and grades typically improve with depth (26.8 g/T is known at 605 m below). If this previously underexplored side of the pluton at Bachelor is as richly laden with gold as early results indicate, the high-grade blue-sky-potential surrounding this promising new discovery zone is a game-changer that takes Metanor to a whole new level.