We can talk what's been drilled thus far... and what's been facutally documented... but those values are soon to change... In values of perhaps richer resources - increased inferred resources - and as well in the indicated categories.
Bachelor Mine - Currently fully staffed - fully permited - producing - and with recent drill core discoveries showing - 7.5 - 10.2 - 14.5 G/T
Some earlier highlight results from the Bachelor Mine-
Main and B veins last year included 4.08 metres grading 26.36 g/t Au, 5.64 metres grading 17.24 g/t Au and 6.43 metres grading 17.18 g/t Au.
Moroy property - is only 1 km from Bachelor mine operations and is showing some incredible drill results of 9.2 G/T. Here is a caption from an earlier this year report on Metanor- and Moroy - new discovery.
Emphasis on potential - TBD - all on the drill results..
Excerpt on Moroy:
Over the last few months Metanor has released a series of stellar drill results from its new South Zone/Moroy Property located south of the pluton, only ~900 meters south of the headframe at Bachelor (e.g. 10.1 g/T Gold over 26.2 m, 6.7 g/t Au over 38.4 m, 18.9 g/t Au over 5.6 m, 15.3 g/t Au over 6.6 m), in the BVBA report the analyst extrapolates results to date and sees potential* for 1,000,000+ new high-grade gold ounces from the South Zone.. https://ca.finance.yahoo.com/news/gold-producer-metanor-resources-inc-183400256--spt.html
Barry Pit - Updating their resources with an extensive drill campaign and with the former averaging of 1G/T to a confidence level ooutlook of over 2G/T/ 1,370 meters drilled . To me these recent 2016 results are adding up - and are revealing the Barry Pit - is in fact - showing some superb results - can't wait to see the over all... I'd like to know just how far reaching is the potential of this open pit ? The way i'm reading it.. it appears to be quite far reaching? Did some other research and it appears former mining years at the Barry Pit - and the cash cost of trucking the Barry ore to the mill -
trucking costs of $22 per tonne -
Wango - I also read in one of the CEASAR REPORTS - the economis will be better for shipping the ore - can't wait to see what they come up with....
I also though this EXCERPT statement was intelligent -
Now the original plan has been reversed. Instead of cash flow from Barry ore funding exploration at Bachelor Lake, cash flow from Bachelor Lake will fund the development of Barry. (Northern Miner ) Barry Pit - Recent highlights:
- 3 g/t Au over 60m in hole MB-16-11, east extension of the main pit;
- 3 g/t Au over 55m in hole MB-16-10, east extension of the main pit.
Including:
- 6 g/t Au over 18m in hole MB-16-11;
- 7 g/t Au over 12m in hole MB-16-10.
I was happy reading this statement on the Barry Pit - - Nothern Minner -
“We need to drill off another 200,000 oz at Barry. That would take us over the one-million-ounce mark, and we could look at doing a financing, and maybe put a,
concentrator or a small mill at the site,” he explains.
Also read this on Barry Pit.... Nothern Miner -
These last results, from holes MB-16-10 and MB-16-11, confirm the extension of the main pit to the south-east, with grades and thicknesses favorable to open pit extraction.
( Wango )- And there was refernce that they may want to drill more at the Barry Pit - at a later date... Now, chances are.. drill more = begets more ! lol
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Lots of options... with lots of drilling - and i personally can't wait to see what each property will increase with - in total gold ounces - and how each catergory increases in size.
Sometimes probing the far reaching corners of managements mind - asking questions and more importantly asking the right questions at the right time - can in some cases - get the answers that are needed.
Wink ! Though human nature can state a definitive one day... but, the very next, it can change on a dime . Change through, personal preference, inspiration, the collective snd contimplative, via inside / outside influence.
Yes, things can change just as time changes things. It's what makes life interesting. lol
In life... there can be 10 possible case scenerios - but chances are - there will also be attaqched 100 issues - and with a deduction to eliminate the issues - and arrive at 1 or 2 options being that of a resolve with at least a back up - contingency - hoping for that master resolve - but with a master resolve comes a whole new set of issues - to maintain that resolve - Nope- nothing is perfect in life... lol
Where am i headed with tihs ? Keep reading... lol
Probing for answers...
If an interviewer is prepared - and has the choice questions that hopefully answers as a whole - but also zeros in an a sigular topic... Well, he or she just might get the answer they were fishing for. Again, such an answer may be valid the day of, but could as well change, as time progresses.
Stick with me.. .keep reading...
So here it is.... I read an article on Metanor - and the interviewer asked management the question.... Well, better yet... i'll cpy paste it .. and leave you pondering what was woven in words and maybd theres a colorful thread that stands out... Could mean something, nothing, anything - its words, and things do change over time. And in time, time will tell.
Combine that with a 100%-owned operating gold mill,
positive working capital,
steady cash on hand,
~1.6 million ounces gold global resources in all categories
(on all properties, two of which are permitted mines),
the current value of Metanor relative to its current market cap is disproportionate. Jay Taylor described MTO.V as an asset play "
This is if nothing else an asset play, you have a mill that can be very easily upgraded to 1,200 TPD using Bachelor material, which as you pointed out you can already do 1,100 TPD to 1,200
TPD from Barry [softer ore], you have a mill, you have all these properties you can explore and develop more gold resources, you have other people around you that might need a mill.
Seems like you have an awful lot going for you." The VP agreed stating "The value is there, it is an asset play, and the sum of the parts is greater than the whole." https://www.accesswire.com/viewarticle.aspx?id=437228
Wango ~