VANCOUVER — Metanor Resources (TSXV: MTO) is stepping up work at its new Moroy gold discovery 1 km south of its producing Bachelor Lake gold mine in Quebec’s Val-d’Or district with a 60,000-metre drill program.
Ronald S. Perry, vice-president and treasurer of Metanor, tells The Northern Miner during a phone interview that the company intends to “build minable ounces” to develop a second source of feed for Bachelor Lake, which has been hit with lower head grades in the past two quarters.
“They always say you can find another mine either under the tailings dam or in the shadow of a headframe,” he says. “And when you’re standing at Moroy looking at Bachelor Lake’s majestic mill, it’s easy to say we’re lucky.”
Metanor first sniffed gold in four holes drilled beneath the mine’s tailings dam in 2013, but knew it was onto something when drilling in 2015 returned 10.1 grams gold per tonne over 26.2 metres (not true thickness) from surface.
The mineralized structure has been noted in widely spaced holes across a 570-metre strike and to 500 metres depth, with cuts of 6.4 metres of 9.2 g/t Au at 85% true thickness, according to the company’s most recent results.
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