Posted On: 02/27/2013 4:18:01 PM
Post# of 579
Metanor Pours New Record Weekly Gold Bar of 917 Oz
Font size: A | A | A
8:53 AM ET 2/27/13 | Marketwire
Metanor Resources Inc. ('Metanor') (TSX VENTURE: MTO) is pleased to announce that it recently poured a new record 917 oz. gold bar at its 100% owned Bachelor Mill. The ore comes from the very promising Bachelor underground gold mine.
Ghislain Morin, President and CEO stated that "This gold bar is now the largest weekly bar in the history of the company thus far, and represents a significant milestone in the company's progress over the last years. We recognize and thank our underground miners for their efforts and hard work which has enabled the company to accelerate the development and ramp up of the project. The increase in quantity of gold is not only because of the mill capacity increase but also the better grade control (less dilution) with now more work areas (stopes) being mined. We are very pleased with the continued performance of the mill since the beginning of its commissioning, the recoveries of 96-98% are exceptional and our mill team is doing a great job of monitoring the process of slowly increasing the mill's capacity to its full potential."
About Metanor
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.
Qualified Person
Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements" ...etc.
Font size: A | A | A
8:53 AM ET 2/27/13 | Marketwire
Metanor Resources Inc. ('Metanor') (TSX VENTURE: MTO) is pleased to announce that it recently poured a new record 917 oz. gold bar at its 100% owned Bachelor Mill. The ore comes from the very promising Bachelor underground gold mine.
Ghislain Morin, President and CEO stated that "This gold bar is now the largest weekly bar in the history of the company thus far, and represents a significant milestone in the company's progress over the last years. We recognize and thank our underground miners for their efforts and hard work which has enabled the company to accelerate the development and ramp up of the project. The increase in quantity of gold is not only because of the mill capacity increase but also the better grade control (less dilution) with now more work areas (stopes) being mined. We are very pleased with the continued performance of the mill since the beginning of its commissioning, the recoveries of 96-98% are exceptional and our mill team is doing a great job of monitoring the process of slowly increasing the mill's capacity to its full potential."
About Metanor
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.
Qualified Person
Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements" ...etc.
(0)
(0)
