Metanor Resources / MTO (CVE)

    (TSX.V:HLO; OTC.BB:HLOSF; FSE:HRL) announces that Metanor Resources Inc. ("Metanor") did not complete Metanor\'s acquisition of the Company\'s 50% undivided ownership interest in the Bachelor Lake Property, the Hewfran Property and the MJL-Hansen Property located in Québec, Canada (collectively, the "Bachelor Property"), together with the Company\'s 50% participating interest therein, on or before November 10, 2006 as contemplated by the Purchase Agreement between the Company and Metanor dated April 27, 2006 (as amended to the November 10, 2006 closing date by letter agreement dated August 17, 2006).


    As a result, the Company has the option, in its sole and absolute discretion, to purchase Metanor\'s 50% undivided ownership interest in the Bachelor Property, together with Metanor\'s 50% participating interest therein, on the same terms and for the same consideration as was applicable to the purchase by Metanor of the Company\'s 50% interest in such properties, all as previously disclosed by the Company on May 5, 2006. Pursuant to the Purchase Agreement, the Company has ten (10) days, commencing on November 10, 2006, to exercise such option and in the event that the Company exercises such option, which would be subject to acceptance of filing with the regulatory authorities, it must complete such purchase within four (4) months of November 10, 2006. The Company\'s other option is to continue negotiations with Metanor concerning a restructured sale arrangement or a restructured joint venture agreement. At this time management is assessing both options.

    December 14, 2006
    MÉTANOR SIGNS AGREEMENT TO ACQUIRE MURGOR'S BARRY OPEN PIT GOLD DEPOSIT


    VAL-D'OR, QUÉBEC, December 14, 2006 - Mr. Serge Roy, President and CEO of Métanor Resources Inc. "Métanor" (TSX : MTO) is pleased to announce the signing of an agreement whereby Métanor will acquire a 100% interest in the Barry gold deposit of Murgor Resources Inc. In line with the Company's strategic plan, this acquisition will enable Métanor to become a gold producer in 2007 by open-pit mining the Barry gold deposit and milling the ore at the Bachelor Lake mine's milling facility.


    The agreement includes a $200,000 cash payment on or before January 15th 2007 as well as a Royalty on the proceeds of sales of gold produced from the property.


    Gold resources for the Barry deposit were recently re-evaluated by Systèmes Géostat International Inc. in compliance with NI 43-101 and are estimated at 35,500 oz Au of Indicated Resources (269,000 t at 4.10 g/t Au) and 67,600 oz Au of Inferred Resources (450,000 t at 4.68 g/t Au) in zones 43 and 45 and in the main zone (April 10, 2006). Recent drill results released by Murgor (June 21, 2006) extend the mineralized zones almost 300 meters in a southwesterly direction. These results could lead to the definition of additional resources. A major portion of the resources are at, or near surface and are considered open-pitable, thereby reducing operating costs significantly. Past metallurgical tests completed at the University of Nova Scotia have indicated recoveries of 94%. A study also confirmed the non-acid generating nature of the host and mineralized rock at Barry (Bodycote Material Testing).


    The Barry gold deposit is located in the Urban-Barry greenstone belt approximately 65 km southeast of the Bachelor Lake mine. Numerous forestry roads link Barry to the Bachelor mine, facilitating ore transport. The Urban-Barry area is the site of renewed interest following the release of spectacular drill results by Noront Resources Ltd. who reported intersections of 800.1 to 1,792.9 g/t Au over 4.8 m (Noront release of December 1st 2006) and of 27.3 g/t Au over 14.4 meters (Noront release of June 8 2006). The Nubar deposit (Oasis) to the southwest contains resources of 564,000 t at 6.2 g/t Au and the Lac Rouleau deposit (Beaufield) to the northeast contains resources of 544,000 t at 7.0 g/t Au.


    Cashflows generated by the mining of the Barry deposit will facilitate the completion of the planned underground development and exploration program on the Bachelor property at the same time. The underground program will include changing the hoist, modifying the headframe and shaft sinking, as well as development and exploration works required for the extraction of a bulk sample which will qualify Bachelor for production status.


    This stage is part of Métanor's strategic plan to become a profitable gold producing company in 2007. The recent renewal of the agreement to acquire a 100% interest in the Bachelor property was the first stage of this plan. A 2 million dollar payment was made November 20th and Métanor has the financial ability to complete these acquisitions. The Bachelor property contains measured and indicated resources of 841,591 t at 7.79 g/t Au (or 210,857 ounces gold) and inferred resources of 426,148 t at 6.52 g/t Au (or 89,366 ounces gold). In addition to these resources and the excellent potential of the group of properties, a 500 tpd gold mill valued at 27.8 M $ is present on the property.


    Métanor will continue to follow its aggressive development strategy by acquiring projects with resources of similar potential to the Barry gold deposit in order to feed the Bachelor mill. A compilation of public information shows that 8.9 Mt of resources grading 5.3 g/t Au (1.5 M oz Au) are reported within a 100 km radius of the Bachelor mill, without taking into account Bachelor property's resources and potential. This mill is the only gold treatment facility in this area.


    Métanor is actively pursuing permits and authorizations required for the commissioning of the Bachelor mill and its tailings facility, as well as authorizations for the operation of an open-pit on the Barry site.


    The agreement is subject to the approval of regulatory agencies.


    - 30 -


    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


    For further informations, please contact :


    Serge Roy, President and CEO
    Metanor Resources Inc.
    Tel.: 819 825-8678 or 819 856-8435


    2872, Sullivan Road, suite 2, Val-d'Or (Quebec) J0Y 2N0
    Tel: (819) 825-8678 Fax: (819) 825-8224
    info@metanor.ca http://www.metanor.ca


    Hallo Newtechxl,


    vor ein paar Tagen haben sie diese Nachricht rausgegeben. Sie werden nicht zuerst Bachelor aufmachen, sondern über einen offenen Bergbau anfangen zu fördern. Wenn die Förderung nicht in 2007 / 08 erfolgt, müssen sie das Gebiet wieder zurückgeben. Von daher haben sie nun einen zeitlichen Druck. Die Schmelzgebühr liegt bei 9 %


    Dies bedeutet, dass sie 2007, spätestens 2008 nun in Produktion gehen. Es bedeutet aber auch, dass sie derzeit nur Geld nur die Wiedereröffnung der Mühle, für den offenen Bergbau und für Bohrungen benötigen - nicht jedoch um die Mine für den Bergbau vorzubereiten. Mit dem Cash-Flow können sie in einem zweiten Schritt auch dies finanzieren.


    Viele Grüße


    Silbertaler

    wenn ich das richtig verstanden habe, müssen die dieses Jahr in Produktion gehen , um das Projekt nicht zu verlieren. Ist wohl auch gut so. Mit ein wenig Druck sollten die es auch schaffen. Steht ja schon alles da und wartet auf den Beginn der Produktion. Metanor hat ja alle Verarbeitungsanlagen , so das wir 2007 die ersten Unzen sehen sollten.

    Hi,


    habe die Metanor nicht, aber weils mir grade übern Weg lief hier der entsprechende Artikel von David Bond.


    Quelle



    VAL-D\'OR, QC, Jan. 29 /CNW Telbec/ - Mr. Serge Roy, President of Metanor Resources Inc. "Metanor" (TSX-V:MTO) announces that the Company awarded a contract to start the refurbishing of its existing 500 tpd gold mill located on the Bachelor Lake Gold Property in Desmaraisville,Quebec. "This is one of the first steps to make Metanor a profitable gold producer in the second half of 2007" said Mr. Roy. The 500 tpd Bachelor Lake Gold Mill was evaluated at $27.8 M by Genivar, a well known engineering firm based in Quebec, who also estimated the capital costs to restart the mill operation to be in the order of $3.08 M (December 2005). By doing so, Metanor will be able to start processing the ore extracted from the open pit operation on the Barry gold deposit, approximately 65 km southeast of the Bachelor Lake Gold Mill.


    Gold resources for the Barry deposit were recently re-evaluated by Systèmes Géostat International Inc. in compliance with NI 43-101 and are estimated at 35,500 oz Au of Indicated Resources (269,000 t at 4.10 g/t Au) and 67,600 oz Au of Inferred Resources (450,000 t at 4.68 g/t Au) in zones 43 and 45 and in the main zone (April 10, 2006).


    The refurbishing of the Bachelor Lake Gold Mill is part of Metanor\'s development strategy and business plan targeting to shortly become a profitable gold producer. The Bachelor Lake Property is the cornerstone of this strategy, with the potential resources it contains, which were evaluated by InnovExplo inc., in a NI 43-101 technical report, dated of October 31, 2005 as follows: measured and indicated resources of 841,591 t at 7.79 g/t Au (or 210,857 oz of gold) and inferred resources of 426,148 t at 6.52 g/t Au (or 89,366 oz of gold). In addition to these resources and the high potential of the group of properties, Genivar estimated that a further capital investment of$3.09 M would bring the milling capacity to 750 tpd (January 2006).


    After its rehabilitation, the Bachelor Lake Gold Mill will be the only existing gold mill within a 100 km radius from Desmaraisville. Numerous gold deposits are located within this area, the majority of which being to small to sustain the capital costs of building their own milling infrastructures. A recent compilation showed that these gold deposits are totaling over 8.9 M t grading 5.3 g/t Au (for more than 1.5 M oz Au). Access is possible through numerous forestry roads linking these gold deposits to the Bachelor Mill site, thus facilitating ore transportation for custom milling.


    Cash flows generated by the mining and milling of the Barry Gold Deposit will facilitate the completion of the planned underground development and exploration program on the Bachelor property. The underground program will include changing the hoist, modifying the headframe and shaft sinking, as well as development and exploration works required for the extraction of a bulk sample which will qualify Bachelor for production status. Mineral resources that are not mineral reserves do not have demonstrated economic viability.



    Gruß
    Lenz

    Metanor ist auf dem Weg und geht den nächsten Schritt.


    sehr positiv


    Mit dem Cash flow werden sie ihre Mine wiederherstellen und es für ihr Explorationsprogramm nutzen.


    Sollte sie einmal soweit sein, dürfte als nächster Schritt dann der Upgrade ihrer Mühle anstehen.

    March 14, 2007
    UPDATE: REFURBISHING OF THE BACHELOR LAKE GOLD MILL


    VAL-D'OR, QUÉBEC, MARCH 14, 2007 - Mr. Serge Roy, President and Chief Executive Officer of Metanor Resources Inc. "Metanor" (TSX-V: MTO) is pleased to announce that the work to restore surface facilities at the Bachelor mine is making steady progress.


    Repairs to the external infrastructure of the gold processing facility, including the siding and insulation, have now been completed and contracts to refurbish the inner components of the mill will be awarded shortly. The construction of buildings to be used for administrative purposes is also almost finished.


    The former owner has been asked to retrocede the existing and still valid certificate of authorization for operating the Bachelor mine. Work has also been undertaken to ensure that the settling pond complies with the requirements of the Ministère de l'Environnement. A contract was awarded to Golder, which is currently conducting geotechnical drilling to characterize the material of the tailings impoundment and to define the work necessary to rehabilitate it and to ensure it complies with environmental standards.


    Meanwhile, Metanor is preparing to put the Barry gold deposit into production as an open-pit mine. Operating the open pit requires a certificate of authorization under section 22 of the Environmental Quality Act, and GENIVAR Limited Partnership has been mandated to prepare a document that meets the requirements of various Québec Government departments.


    The work carried out to date is on schedule; a bulk sample from Barry could be processed at the Bachelor mill during summer 2007.


    Métanor will continue its aggressive development strategy by increasing its portfolio of projects that have resources with potential comparable to the Barry gold deposit for supplying the Bachelor mill.


    On March 1, 2007, Mr. Richard Séguin resigned as director and member of the Board of Directors of Metanor Resources Inc.; the Company would like to thank him for his contribution during his term. He was replaced by Mr. Ronald Perry, who has an Administration degree from Concordia University and has been working as a financial consultant for various private and public companies since 2000.


    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


    For further informations, please contact :


    Serge Roy, President and CEO
    Metanor Resources Inc.
    Tel.: 819 825-8678 or 819 856-8435

    Metanor Resources



    Mineneröffnung im Juni!






    WKN:
    A0HGX6
    ISIN: CA59138Q1037
    SYMBOL: M3R
    KURS: 0,64 EUR
    KURSZIEL: 2,50 EUR

    BÖRSENPLATZ: Frankfurt





    Das kanadische Minenunternehmen METANOR RESOURCES (WKN: A0HGX6 /ISIN: CA59138Q1037) gehört zu den wenigen Juniorminenunternehmen die noch in 2007 die Goldproduktion aufnehmen werden! Mit Firmensitz und Projekten im kanadischen Val d`Or befindet sich das Unternehmen in einem der interessantesten Minenregionen für den Goldabbau weltweit. Aufgrund der guten Goldanteile im Gestein wird hier seit über 100 Jahren nach dem wertvollen Rohstoff exploriert und auch gefördert. Experten sind der Überzeugung, dass dies auch für die nächsten 100 Jahre der Fall sein wird.


    Zahlreiche renommierte Minengesellschaften, wie zum Beispiel AGNICO EAGLE, mit der größten Goldmine Kanadas, sind in diesem Gebiet tätig. AGNICO EAGLE hat 175 Millionen USD für die Entwicklung ihres GOLDEX Projektes bereitgestellt, welches direkt an das DUBUISSON Projekt von METANOR RESOURCES angrenzt. Bisher konnte durch verschiedene Explorationsprogramme auf dem Dubuisson Gebiet eine Ressource in Höhe von 455.000 Unzen Feinunzen Gold nachgewiesen werden, wobei das Flaggschiff von METANOR RESOURCES das BACHELOR LAKE Projekt ist.



    Anzeige






    Produktionsstart auf dem Barry Projekt und der Bachelor Lake Mine in wenigen Monaten!


    Durch die Übernahme des „Barry“ Übertageprojektes ist es METANOR RESOURCES gelungen, bereits in wenigen Monaten mit der Goldproduktion zu starten und somit in die Reihen der Goldproduzenten aufzusteigen. Da METANOR RESOURCES die einzige Verarbeitungsanlage in einem Umkreis von etwa 150 Kilometern besitzt, ist das Unternehmen in einer hervorragenden strategischen Ausgangsposition! Viele kleinere Projekte in der Umgebung sind ohne eine solche Verarbeitungsanlage nicht wirtschaftlich abbaubar, so dass sie nur durch ein Joint Venture oder einen Verkauf an METANOR RESOURCES ihre Projekte in Produktion bringen können.


    Neben dem Barry Projekt soll das größte Goldprojekt von METANOR RESOURCES, die „Bachelor Lake Mine“, ebenfalls in wenigen Monaten mit der Produktionsaufnahme beginnen. In 2008 soll die Produktion 50.000 Unzen Gold betragen und in 2009 kalkuliert das Management mit einer Steigerung auf 100.000 Unzen Gold pro Jahr. Die Cashkosten für die Förderung sollen bei 275 USD liegen, was bei einem aktuellen Goldpreis von 650 USD eine extrem attraktive Gewinnmarge ergeben würde.



    Zusätzliche Gebiete bieten gigantisches Explorationspotential


    Neben „Dubuisson“ bietet gerade das Wahnapitei Projekt, welches nur 5 Kilometer von dem sehr wichtigen Entwicklungsprojekt des Basismetallgiganten Falconbridge entfernt liegt, weiteres explosives Zukunftspotential. Falconbridge hat bereits über 450 Millionen USD in die Erschließung des so genannten Nickel South Deposits investiert, was das unerschöpfliche Potential des SUDBURY Gebietes unterstreicht. SUDBURY hat bereits mehrere Minen mit sehr hohen Gehalten an Gold, Nickel, PGM’s und Kobalt hervorgebracht! Allein der Gesamtwert des Falconbridge Gebietes wird auf über 8 Millareden USD geschätzt.
    Ein weiteres brandheißes Projekt von METANOR RESOURCES ist Opinaca, welches sich im berühmten James Bay Gebiet befindet und dort in direkter Nähe zum Elenore Goldprojekt, welches von Goldcorp. für eine Rekordsumme von 420 Millionen USD übernommen wurde.
    Es wird also sehr schnell deutlich, dass sich METANOR RESOURCES mit Falconbridge und Agnico Eagle in bester Gesellschaft befindet.




    Fazit


    Die Aktie von METANOR RESOURCES (WKN: A0HGX6 /ISIN: CA59138Q1037) bietet dem Anleger die ausgezeichnete Gelegenheit, in ein Juniorminenunternehmen mit einem hervorragenden Chance-Risiko-Verhältnis zu investieren. Bereits im Juni dieses Jahres soll die Mineneröffnung von METANOR RESOURCES stattfinden und ein positiver Cash-Flow ist nun in greifbarer Nähe! Zudem bieten die weiteren Liegenschaften des Unternehmens gigantisches Explorationspotential, das aktuell nicht im Aktienkurs eingepreist ist. Die Marktbewertung mit unter 20 Millionen Euro ist ein wirkliches Schnäppchen und die Aktie besitzt im Branchenvergleich ein Aufholpotential von mindestens 250%.


    Mit METANOR RESOURCES kaufen Sie einen angehenden Goldproduzenten mit einer Marktbewertung für Graas-Root Explorer!


    Unser Kursziel für die nächsten 12 Monate liegt bei 2,50 EURO.

Schriftgröße:  A A A A A