QUEBEC - METANOR RESOURCES of Val d'Or has begun to refurbish its Bachelor Lake gold mill 225 km northeast of the city. The mill operated from 1982 to 1989. The capital costs to restart the mill were estimated by GENIVAR, a Quebec-based engineering firm, at $3.08 million in 2005. The Bachelor Lake mill will treat ore from the Barr gold deposit, located 65 km southeast of the mill.
Once a cash flow is established, Metanor intends to conduct underground exploration and development of the former Bachelor Lake mine. The program will include changing the hoist, modifying the headframe, shaft sinking and extraction of a bulk sample. The latest NI 43-101 report put reserves at 841,591 t at 7.79 g/t Au and inferred resources at 426,148 t at 6.52 g/t Au.
The 500-t/d Bachelor Lake mill will be the only gold mill within a 100-km radius of Desmaraisville. It may someday have a profitable niche as a custom plant for ores from any number of small, nearby gold deposits. Metanor believes such deposits could contain over 1.5 million oz of gold, or 8.9 million t grading 5.3 g/t Au. The contemplated expansion of the mill to a capacity of 750 t/d would cost an additional $3.09 million.
Particulars about the Barry gold project are posted at www.Metanor.ca.
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