PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Sector Newswire, Co.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Video Footage of Canada's Newest Gold Mill Owned by Metanor Resources in Operation - Metanor Resources (TSX-V: MTO) (Pink Sheets: MEAOF) is a new, debt-free, unhedged, gold producer in mining friendly Quebec and the subject of video insight that showing Canada's newest gold producer in operation
Video Footage of Canada's Newest Gold Mill Owned by Metanor Resources in Operation

 

NewswireToday - /newswire/ - New York, NY, United States, 2008/04/29 - Metanor Resources (TSX-V: MTO) (Pink Sheets: MEAOF) is a new, debt-free, unhedged, gold producer in mining friendly Quebec and the subject of video insight that showing Canada's newest gold producer in operation.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Metanor is a new, debt free, unhedged, gold producer in mining friendly Quebec and the subject of video insight that shows Canada's newest gold producer in operation. With less than 73M shares outstanding, no debt, and infrastructure replacement value of approximately $140M; the current intrinsic value (ignoring gold resources, growth, and cash flow from production) is close to CDN$2 per share. Valuation metrics based on forward projected cash flow potential of Metanor's Bachlor Lake Mill operating at full capacity of 1200 TPD and generating in excess of 65,000 oz gold in 2009 suggests a substantial upside share price adjustment as Metanor continues to execute upon its goals.

The video may be seen at the URL below and is available both in flash and WMV format.

Existing resource base and expansion potential:
Metanor Resources’ (TSX-V: MTO) (Pink Sheets: MEAOF) current gold resource base between Barry Deposit, Bachelor Lake Mine, Hewfran Property, and Dubuisson Property is approaching 1,000,000oz. The potential is in place to identify 1.5 million ounces going forward at the Bachelor Lake Mine site. Area miners such as Teck Cominco Limited (NYSE: TCK) and Agnico-Eagle Mines Limited (NYSE: AEM)(TSX: AEM) are currently mining at depths of between 5,000 and 8,000 feet. The gold grade at the Bachelor Lake property increases at depth and the strike is open in all directions at the 2,300 foot mark.

At the Barry Deposit where ore is currently being mined for processing at the Bachelor Lake Gold Mill, Metanor has commenced a 15,000 meter diamond drilling program. This drilling campaign was initiated to the southwest of the main zone trying to connect the main zone with zone 48. Due to the core samples taken to date with visible gold present, Management has mobilized a second diamond drill to the Barry camp and the second drill is presently on site and operating at full capacity.

Additional resource base expansion potential is available to Metanor via new discoveries such as its Nelligan project and also via local proven deposits. There is 1.5M oz in local deposits available for MTO to do business with as Metanor is the only mill within a 60 mile radius.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the referenced URLs.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Sector Newswire, Co.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


Video Footage of Canada's Newest Gold Mill Owned by Metanor Resources in Operation

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: James O'Rourke 
866-620-9945 editorial[.]sectornewswire.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Sector Newswire, Co. securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Sector Newswire, Co. / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity
Metso Supplies Key Minerals Processing Equipment to Tibet Julong Copper for One of the Largest Greenfield Copper Projects in the World
Metso's Reliable Neles BWX Butterfly Valve Meets Requirements of Various Process Industries
Metso Introduces Integrated Approach for In-the-pit Operations
Metso Introduces Advanced Solutions for Fine Classification in Wet Minerals Processing
Rockwell Automation Outlines Steps for Achieving a Connected Mine
Metso Signs Landmark Deal with the World's Largest Copper Miner Codelco in Chile
Metso to Continue the Exclusive Lokotrack Distributor Agreement with Garriock Bros in the UK
Steel Dynamics, Inc. Wins Metals Company of the Year - Platts Global Metals Awards
Metso to Provide Crushing and Screening Plant and Life Cycle Services At Tata Steel's Sedibeng Iron Ore Mine
Metso Awarded its Largest Long-term Strategic Services Contract in North America with the World's Second Largest Producer of Soda Ash
Metso's Lokotrack® Machine Handovers During Bauma 2016 Highlight Customer Loyalty and Long Distributor Relationships
Metso Launches the N Series - A New Recycling Equipment Product Range to Offer Versatility and A Broader Choice to the Scrap Metal Industry
Metso Recognized Codelco El Teniente as the First Mining Company to Use Metso's Innovative Grinding Technology

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)