Metanor Resources MEAOD

Well, well, well, drilling on Barry...

[Wangotango67]

I had mentioned awhile back - drilling on Barry...  Another poster said - nope - in so many words...

Then, I asked the question to myself - why arent they pushing to spark the pit back up - ASAP - inlight of the Debentures timeline - and inlighgt of it being far more advantageous for trhe company to pocket some cash - and bring the Barry Pit into a rea lproduction ?

So, more drilling on Barry - hoping to increase the ounces -  which suggests - do they really have an urgency to mine it or spruce it iup - dress it up - and @@@@ it - like so many JR's are noted for ?  lol - Who knows.... and as for this price point ? Its like a neverendum of 9 cents... 
A complete turn off... 

Metanor Resources begins 8,000-metre drilling at Barry

 

2016-09-08 11:44 ET - News Release

 

Mr. Ronald Perry reports

METANOR COMMENCES DRILLING PROGRAM AT BARRY

Metanor Resources Inc. has begun an 8,000-metre drill campaign on its Barry property. The objective is to increase the mineral resources around the pits at Barry and to increase their quality by converting mineral resources from the inferred category to the indicated category. The last compilation on the pit area showed that the resources are open in many areas.

The second sector targeted by this drill campaign is the sector of the Moss showing, located seven kilometres northeast of the Barry pit and four kilometres southwest of the Windfall deposit (belonging to Osisko Mining Inc.). The geological context and the structure controlling the deposit extend to this showing. The company's drill results from 2014 revealed the presence of gold anomalies near surface on a three-kilometre stretch extending to the southwest. The new drill holes will target the extensions of the gold anomalies.

Qualified person

Pascal Hamelin, PEng, vice-president of operations, is the qualified person under National Instrument 43-101 responsible for reviewing and approving the technical information contained in this news release.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

[PMInvestor08]

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[harleyonvacatio]

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[MISTERTRUTH111]

Another new alias created by the THING on Sept.3,2016. IT did the same garbage at SGC.

[botbutgot]

DOES STOCKHOUSE NOT SCREEN WHEN ABORTED FECES CUUMMMMMMMMMM ON AND SPEWWWWWW THERE CRAAAAAAAAAAAAAP!!!!!!!!!!!!!!!!!!!!!!!!!THIS PIG DIRRRRRRRRTTTTTTTT FURGEEEEEEEEETSS HE HASSSSSS NEVER ADDED A THING TO ANYONEEEE EXPECTTTS HIS MUMMS PAAAAAAAAAAAIN OFSHAAAAAME!!!!!!!!!!!

[mstettler]

The same assclown that uses jumpem and mycash as aliases along with at least 3 others.  Whenever he makes reference to 'we' in his posts he's really referring to his multiple personality disorder.

[harleyonvacatio]

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[mstettler]

No, I am not in this ball game right now because I keep finding much better opportunites elsewhere.  How about 1/4 the market cap for a project generator with more gold than MTO, a 5% NSR on a project now being commisioned, $7.5 million worth of shares in osisko, 50% ownership of japan gold corp, and management & insiders own 1/3 of the outstanding shares of the company. Pretty much the

[tsoprano1]

M, mind me asking what the company is that you speak of? T

[Belleterre]

For my part i guess the Barry's PEA will be negative.

[mstettler]

It's SA.V - do your own diligence.  But there are many others worth looking at.

[harleyonvacatio]

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[mstettler]

You are now on ignore with the rest of your personalities.

[mstettler]

The stupid are cocksure while the intelligent are full of doubt - Bertrand Russel None of this news comes as a surprise.  Fruitvale and I have been advising caution forever.  Given management's track record I will be surprised if they meet their production guidance.  I'm also very interesed in the updated resource estimate for bachelor due the end of this year.

[mstettler]

It has occured to me that they may not be seeing a compelling business case in the upcoming PEA and have decided to shift focus to resource definition instead.  As usual we are kept in the dark with regard to the company's vision and strategy going forward.

[fruitvale3067]

Mstettler, I was thinking the exact same thing. It certainly didn't take them long to switch gears after Moroy blew up in their face. Question is how many more ounces is 8000 meters of drilling going to add to the inferred at Barry. Plus, now they are going to drill some new area. I'll say it again, to me it looks like an act of despiration and they need to find ore fast, and lots of it

[harleyonvacatio]

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[mstettler]

We see the same side of the coin.  If you look at the 2P reserves estimate from 2011 on bachelor/hewfran and take into account total production since then you will see the reserves have pretty well been used up.  Management has never indicated that they are replacing reserves through drilling. I find the new website to be absurdly hilarious.  Besides deliberatly using historical

[fruitvale3067]

Mstettler, It will be interesting to see what the Barry PAE says, but I don't think it's going to be as great as everyone thinks. It looks like it's a last ditch effort to keep mining because it's the only place left to mine. It looks like it's being done out of necessity as opposed to a sound business decision. This company can't afford mistakes and the drilling at Moroy