Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.

OTCPK:MEAOD - Post Discussion

Metanor Resources > Much better written PR AND Good News, Very High Grades
View:
Post by Geodan2 on Nov 11, 2015 11:33am

Much better written PR AND Good News, Very High Grades



Its complex geologically and spacially. But it seems they are reading the mesg boards and have done just about everything I have suggested in this PR, with links to drawings, showing all the holes and all the intercepts for each hole in one place. Thanks Metanor. 

In fact looking at it closer they even did vertical drilling which I suggested on 52,53, and 54 and it revealed a lot. 



The results are in the table below:

Hole No From (m) To (m) length (m)* Au grade capped (g/t) Remark
MO-15-05 437.6 450.7 13.1 0.8  
MO-15-06 494.7 499.1 4.4 1.2  
MO-15-14 6.4 51.8 45.4 8.0  
MO-15-14 211.0 212.6 1.6 4.3  
MO-15-14 460.2 461.1 0.9 3.3  
MO-15-52 29.2 30.0 0.8 19.4  
MO-15-53 36.9 43.9 7.0 12.0  
MO-15-54 30.3 31.3 1.1 5.7  
MO-15-54 43.8 45.5 1.7 23.9 60.7 g/t uncapped
MO-15-92 6.4 12.0 5.6 18.9  
MO-15-93 6.6 46.8 40.2 8.3  
MO-15-94 16.5 20.9 4.4 8.4  
MO-15-97 12.0 17.7 5.6 8.6  

*Core length 


Where I have bolded is what excites me. It appears towards the tailings pond is best part of vein, hence why they built island. There are multiple veins, there is one perpendicular to the rest. That is what I see on image. This is very good. Despite complex structure the grades are sometimes all the way to spectacular.

One more thing, they can do is a 3D PDF, it is complex enough that is needed.  Alibre is a good 3D CAD program that can output 3D PDFs and under $1000. Metanor you can give somene a hand drawing and the coordinates and they can output a 3D PDF that is rotatable for anyone so you do not have to buy/learn the software, I know someone that can do it likley for $70 an hour. 

Thanks again for listening.
Comment by Geodan2 on Nov 11, 2015 12:10pm
This is not all the drill holes.  Prior holes are  Hole No From (m) To (m) length (m)* Au grade capped (g/t) Remark MO-15-08 605.0 606.0 1.0 26.8 Hematized sheared Tuf - 2% Pyrite (Py) Hole No. From (m) To (m) length  ...more  
Comment by wind00 on Nov 11, 2015 12:17pm
Geo...... frankly, from the (non)response of the market/shareholders to whatever they are doing, MTO might want to consider to slow down and conserve cash. why would they read this bb? most of what we can read here is an insult to MTO staff and it sure doesn't motivate anybody. and they sure do not need any of us here to help them along. very sad indeed.
Comment by u2bob on Nov 11, 2015 1:12pm
Hey Wind if they do anything It should be to get a few test holes dug out with couple excavators and dump trucks and haul some pay to the mill ...while still drilling and working the other sections... that high grade shallow ore will help wih numbers maybe even show a profit !!! ...while defining what we have at shallow depth ...with drills turning and excavators digging we could process or stock ...more  
Comment by wind00 on Nov 11, 2015 1:27pm
u2........ what do you think they are doing now? NOBODY here is happy, or at least not unhappy... ever! MTO needs a higher SP and that is not happening. at 3.5 - 4cents...... I might even shut operations down. I know what that would involve and it seems silly. but at this price? I wouldn't be motivated to get up and go to work. FWIW
Comment by ramblersrest on Nov 11, 2015 2:00pm
This is getting more interesting . Reminds of Integra in a way ...Same area aggressive and great results ...MTO is drilling underground and increasing surface drill rigs on this new large one under their nose ....It is being noticed and will be a good story through the winter ....The SP is weak due to dilution , and the bad news they frittered away their cash reserves ....Looking ahead Grades will ...more  
Comment by Geodan2 on Nov 12, 2015 12:41am
Rambler, I do see this PR as a positive.   The width is no where what we thought possible at first, they did hit it parallel and know that now. However they say 20-95% of true width.  How I see it the 5 meterish intercepts at high grade are basically true width, and the 95% figure indicates they think so too on those.   Hole No From (m) To (m)  ...more  
Comment by u2bob on Nov 11, 2015 2:07pm
Wind buisness is not about being happy or not ...but keeping your eye on the ball and I think management is doing something they raised cashed they are drilling ...and they might very well start drigging test holes and taking pay to the mill we just dont know that yet ..but they do know what needs to be done to produce low cost gold so they could very well be setting the company up to be sold for ...more  
Comment by wind00 on Nov 11, 2015 2:16pm
u2... it's the posters who are never happy here. we have a couple posts not so negative today. that will change again in a hurry. I am not unhappy with MTO. they are doing what they can right now. nough said.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities