Sandstorm reports on Metanor and the Bachelor Lake mine

Welcome To The Metanor Resources HUB On AGORACOM

Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

ozgoode

Rank: President [?]

Points: 9763 [?]

Votes: 51 Score: 3.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Sandstorm reports on Metanor and the Bachelor Lake mine

posted on Feb 22, 2012 03:44PM

BACHELOR LAKE HIGHLIGHTS

Metanor has begun milling ore from a 5,000 tonne bulk sample from Bachelor Lake. The mill at Bachelor Lake began operations to process the ore obtained from the initial development in the Main Vein mineralized zone for the bulk sample program which will begin next week. A feasibility study on Bachelor Lake began in October 2011 and is expected to be completed in May 2012. The feasibility study will include the results from the milling of the 5,000 tonne bulk sample and Metanor's ongoing drill program.

In accordance with Sandstorm's gold purchase agreement with Metanor, Sandstorm is entitled to purchase 20% of the life of mine gold produced at Bachelor Lake at US$500 per ounce.

Looks like a pretty good deal for Sandstorm when gold prices are now over $1,700!

1 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply