TSX VOLUME LEADERS
Metanor has been a big volume trader due to a recent, unexpected, gold discovery made 1 kilometer south of current Bachelor Lake Mine, and discovered in September 2015, recently announced 60,000 meters of drilling has commenced, and has released continual gold results since September 2015. Metanor continues to delineate the deposit which was discovered where no one expected to discover a gold deposit. Similar gold deposits could extend further southwards as this new gold deposit discovery is only 1 kilometer south of a producing shaft accessed underground mine. Durango, TSX-DGO, has ground adjacent approximately 3 kilometers south of the new gold deposit discovery.
Metanor Resources Inc. “Metanor” MTO-V (TSX VENTURE) is a Canadian Gold Producer located in the mining friendly Prolific Abitibi Greenstone belt in Quebec. It's flagship, Bachelor Mine, reached commercial production on December 1, 2013 and produces 42-47,000 oz per year with a cash cost of US$ 849 and a sustaining cost of US$ 943 (2015-03-31) . Metanor also has ongoing exploration success for resource and mine life expansion.
gold discovery news:
"September 22, 2015 – Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor") (TSXV: MTO) is pleased to provide this update on its exploration drilling program, from the surface, in the area surrounding the Bachelor Mine. A surface drill located 925 meters south of the Bachelor Mine has intersected 10.1 g/t over 26.2 meters of drill cores assayed. The drilling continues in the same hole since there are more potential targets at depth. This result is part of a drill campaign that is a following up from holes drilled in 2013 and a geophysical survey completed in the fall 2014 in the region surrounding Bachelor Mine. See the press release published March 12, 2015 for more details.
Initially, hole MO-15-08 was drilled in August. See the attached plan for the collar location. Following the results obtained from this first hole, a geophysical survey using a hole to hole - Induced polarization (H2H IP) method was conducted in the first hole, and indicated a large anomaly in the area. A second surface drill rig was brought in to drill hole MO-15-14. The location of the second hole targeted the large anomaly."
Big volume trader with good price swings.
BREAKING NEWS 03/12/16....Eric Sprott announced purchase through TSX of MTO stock...news link is here.
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