Metanor Resources Inc. (“Metanor”) (TSX – V: MTO) is providing an update on the development activities under way at its Bachelor project.
Metanor produced 2,354 ounces of gold during the month of May. The ounces produced in May came from development ore and also some from stopes for a total of 16,685 tonnes of ore at a combined grade of 4,53 grams / tonne with a 96,9% recovery. During the month, the mill processed 794 tonnes in one day, exceeding the maximum theoretical capacity of 775 tonnes per day as published in the 2011 Prefeasibility study.
Metanor is encouraged by the progress made to date regarding the project ramp up, and by the drilling results obtained in all the campaign at Bachelor. The latest drilling completed on level 13 and 14 demonstrates again, and significantly, the extension of the mineralized structures going west, and potentially increases the available resource.
Go to Metanor’s website for the full news release and drill results: www.metanor.ca