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Metanor Resources Inc. "Metanor" Metanor Resources Inc. MTO-V(TSX-VENTURE),MEAOF.PK(OTC) is North Americas' Newest Gold Producer presently pouring dore gold bars at its 100% owned Bachelor Lake Facility in Desmaraisville Quebec.
The ore processed is coming from the very promising Barry open pit ( see press releases for more info). Further, the Company has undertaken a rapid expansion program, both at the mill and the underground at the Bachelor Lake Complex. Firstly, Metanor is proceeding with an ongoing mill capacity upgrade program augmenting the capacity from its existing 800 tpd to its targeted 1200 tpd expected before the end of this summer. Further, the Company has begun work to be able to mine underground at Bachelor Lake, work completion( extension of the head frame, new hoist, and shaft sinking) expected by July 2010. At that date, Metanor expects to begin producing approximately 70,000 oz/yr, whereby the mill will be operating at 1200 tpd with 700 tons coming from Bachelor Lake and 500 tpd from the Barry open pit.
Metanor has 8 properties (7 in Quebec and 1 in Ontario) of which 4 of those properties( Bachelor Lake, Hewfran, Barry and Dubuisson) have a total of approximately 1,000,000 oz (43-101 NI Complaint)
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