Advantages of mining the Barry Pit - advantages -
ARTICLE EXERPTS -
Barry ore is NOT subject to the Sandstorm gold participation agreement,
Metanor is able to sell all gold produced from Barry at market price. The following points were noted that make mining Barry a more attractive proposition now, relative to when it was mined previously; 1) Gold is now near $1,700.oz CDN compared to $1,250 - $1,300/oz back then.
(Wango - gold is over $1700)
2) Transportation costs are cheaper now (was $22/T, now with lower fuel costs and other efficiencies possibly ~$17/T or less is in order).
3) Recoveries at Bachelor Mill were in the 80's percentage-wise when Barry ore was processed, now recoveries are ~97%.
4) Metanor is going to have consultants look at high-grading the pit; the VP stated "there are some section that there will be 3 g/T to 4 g/T."
There exists tremendous upside exploration at Barry.
The 100% owned Barry property is neighbor to Oban Mining's Windfall Lake Deposit (formerly owned by Eagle Hill).
The area gold system is shared amongst a handful of players (Oban, Beaufield, Bonterra, and Metanor) and is part of a new mining camp in the Barry-Urban township of Quebec.
The resource estimate at Barry now sits at 309,500 oz Gold of Indicated Resources (7,701,000 t at 1.25 g/t Au) and 471,950 oz gold of Inferred Resources (10,411,000 t at 1.41 g/t Au) and is wide open for large resource growth expansion.
The current 1km strike at Barry is potentially 13km, there are in excess of 150 anomalies outside the pit area.
The Barry deposit is a potential multimillion ounce target;
the independent international professional geological firm SGS Geostat has identified Metanor’s Barry deposit as comparable in potential to rival other multi-million ounce deposits such as Canadian Malartic gold deposit (formerly owned by Osisko, now owned by Yamana and Agnico-Eagle) & Detour Gold's Detour deposit.
Link:
https://www.accesswire.com/viewarticle.aspx?id=437228
Wango ~
Metanor - is only scratching the surface with a 1 km strike zone - and look at the results thus far... Fast forard.... the article states - there lies a potential
13 km strike zone. Talk... of .50 cent take over seems to be the favorite flavor of the day ?
Ya right... I'd rather Metanor - keep producing and sinking those rods - keep drilling and keep racking up the gold ounces filing them accordingly - in thier categories...
Goodness a potential 13 km strike zone - uhmmmm - throw the .50 cent talk down the drain... If it were me... and offers were coming in - I'd say.... make the sound of that certain number ring and sing.... a sound that's music to my ears... which is - far higher in pitch - lol
Now, i don't know how other investors can diminish such a cmpany like Metanor and thier properties they own - but if any investor knows about the significance of this area and the claim to fame Quebec has - being so reknowned for world class gold deposits... then.... hello !
Wango ~