Metanor $MTO $MEAOF announced the start of a drilling campaign to update the mineral resources of its Barry Gold Project.
The campaign of 1,200 meters will include validation drilling of the high-grade zones and of the extensions of certain mineralized zones, for eventual open pit mining.
The campaign and the mineral resource update is the first step towards the establishment of a preliminary economic assessment study on the Barry Project. The mineral resources are 7.7 millions of metric tons at a grade of 1.25 g/t for 309,500 ounces of indicated resources, and 10.411 millions of metric tons at 1.41 g/t for 471 950 ounces of inferred resources.
Metanor expects the drilling to be completed in May and the assessment to be completed at the end of June 2016.