Business
Metalore Corporate Update
SIMCOE, ON / ACCESSWIRE / July 23, 2020 / Metalore Resources Limited (TSXV:MET) ("Metalore" ...
About this update from Metalore Resources Limited
[{"type":"text","content":"Metalore Corporate UpdateSIMCOE, ON / ACCESSWIRE / July 23, 2020 / Metalore Resources Limited (TSXV:MET) (\"Metalore\" or the \"Company\") announces that a new website (www.metaloreresources.ca) has been launched to provide better access to information (mobile friendly) and the philosophy of management. Social media integrations and further technical content will be added in due course.UPDATE FROM ENDMThe Ministry of Energy, Northern Development and Mines (ENDM) has advised the Company that a 30 day HOLD has been placed on our application for the three year Exploration Permit required for drilling and trenching at Cedartree. The HOLD simply means that ENDM needs more time for meaningful communication with the Indigenous Communities (some of which remain in lockdown due to COVID-19). We wish these communities the best of health, and appreciate the time and effort ENDM is taking to make sure as many community members as possible are participating in the consultation process.STRATEGIC REVIEWThe Company remains open to emerging opportunities for long term growth and is currently reviewing new options. Should a material change result from the strategic review, an announcement will follow.About Metalore Resources LimitedFor over 50 years Metalore has produced natural gas in Southwestern Ontario from its network of wells and pipelines throughout Charlotteville Township. Revenues generated from natural gas sales have enabled the Company to explore its Northwestern Ontario gold properties without dilution to its share structure (currently 1,775,035 shares outstanding). The Company holds 100% ownership in the Cedartree gold property, Kenora mining district and has a joint venture agreement with Greenstone Gold Mines (Premier Gold Mines Limited and Centerra Gold Inc.) in the Brookbank gold properties, Thunder Bay mining district.For further information contact:Armen Chilian P.Geo. President / CEO(519) 428 - 2464 [email protected] StatementsNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain \"forward-looking statements\" which are not comprised of historical facts. Forward-looking statements include estimates and statements that de...