Metanor Resources / MTO (CVE)

    - Location: Kanada
    - verfügen über eine fertige Mine
    - Infrastruktur so um die 40 mio $ bewertet
    - Produktion ende 2006, anfang 2007



    Metanor Resources Inc. "Metanor" is a young junior mining exploration Corporation, incorporated since January 2003. Its head office and its exploration office are located in Val-d'Or (Province of Quebec, Canada).



    On December 11, 2003 Metanor had closed its first public offering (IPO), and became an issuer, listed in the Tier 1 group, on the TSX Venture Exchange. The Common Shares and the warrants of the Corporation are traded under the ticker symbols MTO on the TSX Venture Exchange.


    The activities of the Corporation essentially pertains to the exploration of mining properties with a view towards their commercial operations. Metanor is focusing its exploration efforts on the prospection of gold deposits. Actually, the Corporation owns three (3) mining properties located in Québec and hold an option to acquire a property located in Sudbury, Ontario. For the year 2005, exploration work and diamond drilling programs are planned on the Dubuisson (Val-d'Or, Quebec), Bachelor Lake Property (Desmaraisville, Quebec) and Wahnapitei (Sudbury, Ontario) properties, both located in mining camp historically reconized as being very prolific in the province of Quebec (Dubuisson Property, Val-d'Or and Bachelor Lake Property - Desmaraisville) and of Ontario (Wahnapitei Property, Sudbury).


    http://www.metanor.ca/contenu/apropos_profil_ang.cfm

    Bachelor Lake


    Höhepunkte des Projekts
    Mühle mit einer Kapazität von 500 Tonnen pro Tag mit einer Anlage zur Anlage zur Zyanidlaugung und einem Brechwerk.
    In der Vergangenheit noch bis 1989 produzierende Mine mit herausragendem Explorationspotential
    Entwässerung abgeschlossen
    In Kürze beginnendes agressives 10-15.000 Meter Explorations-Bohrungsprogramm


    Von 1982 bis 1989 wurde der Bergbaubetrieb von einem vorhergehenden Eigentümer durchgeführt. In dieser Zeit wurden ungefähr 958.360 Tonnen mit einem durchschnittlichen Grad von 0,15 oz/Tonne bis zur untersten Ebene der Mine (1723 feet) abgebaut. Zuvor durchgeführte Studien zeigten, dass die Verdünnung während des Abbaus im Durchschnitt zwischen 34 und 55% lag. Bohrungen von der untersten Ebene der Mine im Jahre 1990 zeigten, dass die "Hauptader" reicher und in der Tiefe breiter ist und entdeckten eine parallele Goldzone, die als "B-Ader" bezeichnet wurde. Beide Zonen sind in der Tiefe und in Streichrichtung offen. Bedeutende Bohrungskreuzungen (geschätzte wahre Breite -- 0,65 opt Au in der Hauptader und 1,0 opt Au in der B-Ader) beinhalten 0,504 opt Au über 12,5 feet, 0,49 opt Au über 10,0 feet, 0,268 opt Au über 25,0 feet und 0,397 opt Au über 25,0 feet und 0,397 opt Au über 16,0 feet in der B-Ader.

    Habe ich auf der Webseite von Halo gefunden. Die JV Partner für Bachelor Lake sind.


    A transaction with the potential to generate cash-flow quickly was announced in December 2004;
    viz. an ‘earn-in’ option with a 50% participation in the Bachelor Lake Property of Wolfden
    Resources. Ewan Downie is responsible for this joint venture, and the purchase of the participation
    resulted in Wolfden Resources receiving a share of almost 10 percent in Halo Resources. The
    project, covering a total area of 1,840 hectares, is also situated in a historically significant gold
    area, the Le Sueur Township, Desmaraisville Sector, which belongs to the Abitibi-Region in the
    Canadian State of Quebec. For this property, too, Halo can draw on the drilling results obtained by
    prior owner Hecla Mining from 1982 to 1989. The fact that the entire infrastructure for later
    production is already in place, including a production plant with a daily capacity of 600 tons
    Page 3 of 4
    Company Report
    should be rated very positively. However, the costs, including the modernization of the facility
    could amount to around 5 million CAD. Historic data shows that the Bachelor Lake area hides
    around 421.139 tons of ore with an average gold content of 0,287 ounces of gold or approx. 8.9
    grams per ton, a total of 120,867 fine ounces of gold. In addition, there is a possible resource of
    256,285 tons with an average gold content of 0.304 ounces of gold per ton. Should these estimates
    be confirmed, this would provide an additional 77,910 fine ounces of gold. Management
    anticipates positive surprises from the current drilling program which could increase these
    estimates even further. Internally mention is made of a high probability that resources could be
    doubled. Halo Resources is currently in negotiations with the appropriate authorities and
    partners to not only extend the project, but also to re-open the existing production facility,
    generating further revenue for Halo Resources. The production facility would also be useful for
    neighbouring producers of gold, so-called Custom Milling.
    The third project of Halo Resouces is the Quarter Moon Lake gold property

    Habe mir mal die Präsentation angeschaut:


    - 300.000 oz gold resources


    - 2 mio potential


    - Infrastruktur ist 40 mio dollar wert.


    - fast track exploration & development Programm


    - Erwarteter Produktionsbeginn 2006-2007
    Kosten für Produktion 275 Dollar


    -2008-09 Erweiterung der Produktion auf 100.000 Unzen


    - geringe Kosten für Produktion and Aufbau


    Sehr interessant sind die Resultate der Bohrungen. Die meisten sind High Grade , so zwischen 13 und 26 Gramm pro Tonne.

    Habe nochmals weiter recherchiert:


    Großes Plus bei Metanor ist die vorhandene Mill. Diese Mill ist im Umkreis von 150 km die einzige, so daß viele der kleineren Minen in der Umgebung die Mill von Metanor in Anspruch nehmen könnten.


    Um die Mill funktionsfähig zu bringen sind 2 Mio Dollar erforderlich.


    Durch den Einbau eines Gravity Circle könnte man die Kapazität von aktuell 500 tpd auf 850 tpd.



    Weiter müßten die Shafts tiefer gebaut werden, um das Potential zu erhöhen. Im Moment sind 12 levels vorhanden.


    Ein weiteres Explorationsprogramm müsste durchgeführt werden um die Resourcen zu erhöhen.


    Gesamtkosten so etwa 15 mio, dann wäre man in Full Production mit Resourcen von ca. 2 Mio Unzen.


    Fazit: Metanor ist auf dem Weg, zu einem mittelgroßen Produzenten heranzuwachsen. Aktuelles Preisniveau ist sehr attraktiv und das Management ist sehr konservativ.

    ja, die Option hat Halo, wie es aber aussieht haben die gewisse Probleme und können so rausdiluted werden. :D
    Metanor ist finanziell bestens ausgestattet und arbeitet mit Hochdruck daran in Produktion zu gehen. Wird eines der wenigen Goldprojekte in V`Ór sein , das in kurzer Zeit die Chance hat in Produktion zu gehen.

    December 15, 2005
    METANOR RESOURCES INC. INCREASES THE PRIVATE PLACEMENT TO $6,620,000



    Val-d'Or, December 15, 2005 - Metanor Resources Inc. (TSX Venture Exchange: MTO) "Metanor" in response to the market announces that it modifies its private placement by the addition of units B which comprise flow through shares so that the private placement shall thereon be for a maximum of 8,333,333 units A for an amount of $5,000,000 and 600 units B for an amount of $1,620,000.


    Each unit A offered at the price of $0.60 per unit A comprises one common share at the price of $0.60 and one warrant; each unit B offered at the price of $2,700 per unit B comprises 3,000 flow through shares at the price of $0.70 per flow through share, 1,000 common shares at the price of $0.60 per common share and 2,000 warrants. Each warrant entitles its holder to subscribe one common share of Metanor at any time during a period of 18 months following the closing at the price of $0.85 per share.


    Desjardins Securities was choose to act as principal agent for the offering of units A and units B and will receive a remuneration of 10% of the proceeds of units A and units B. As additional consideration Desjardins Securities will receive broker's warrants, representing 10% of the total of the subscribed units A and units B, each broker's warrant entitling it to acquire one unit A at the price of $0.60 within 18 months following the closing date. Finally Desjardins Securities will receive as corporate financial a work fee of 100,000 common share purchase warrants, each entitling its holder to subscribe one common share of Metanor at any time during the 18 months following the closing at a price of $0.60 per share.


    Further the company confirms that it has granted to Desjardins Securities an option (the Over-Allotment Option) exercisable for 60 days following the initial closing of the offering of units A. This Over-Allotment option will allow Desjardins Securities to offer up to 15% of the aggregate number of units A issued at the closing of the offering at the same terms as set forth above. If the Over-Allotment Option is exercised in full, the aggregate proceeds received from the private placement shall be 9,583,333 units A for a gross proceed of $5,750,000 and 600 units B for a gross proceed of $1,620,000.


    The common shares, the flow through shares and the warrants comprised in the units as well as the underlying common shares to the warrants will be subject to a resale restriction for a period of 4 months and 1 day following the closing date.


    The proceeds of the offering after deduction of the agent's and issuance fees will be used for exploration work on Metanor's properties (Bachelor Lake, Dubuisson, Opinaca and Wahnapitei).


    This private placement as modified and the issuance of units B are subject to the approval of the TSX Venture Exchange.

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