Metanor Resources

Welcome To The Metanor Resources HUB On AGORACOM Welcome to the Metanor Agoracom Hub."Metanor" is a junior mining exploration corporation and a brand new gold producer.

over 12 years ago

BACHELOR LAKE HIGHLIGHTS

Metanor has begun milling ore from a 5,000 tonne bulk sample from Bachelor Lake. The mill at Bachelor Lake began operations to process the ore obtained from the initial development in the Main Vein mineralized zone for the bulk sample program which will begin next week. A feasibility study on Bachelor Lake began in October 2011 and is expected to be completed in May 2012. The feasibility study will include the results from the milling of the 5,000 tonne bulk sample and Metanor's ongoing drill program.

In accordance with Sandstorm's gold purchase agreement with Metanor, Sandstorm is entitled to purchase 20% of the life of mine gold produced at Bachelor Lake at US$500 per ounce.

Looks like a pretty good deal for Sandstorm when gold prices are now over $1,700!