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Metanor Resources Inc. Subject of Mining Journal Special Growth and Valuation Advisory
Metanor Resources Inc. Subject of Mining Journal Special Growth and Valuation Advisory
About this update from Teck Resources Limited Class A
[{"type":"text","content":"\nMetanor Resources Inc. Subject of Mining Journal Special Growth and Valuation Advisory\n\n\n Jun. 30, 2010 (Baystreet.ca) -- Mining MarketWatch Journal has published a Special Growth and Valuation Advisory on Metanor Resources Inc. (TSX VENTURE: MTO) (Pink Sheets: MEAOF) (Frankfurt: M3R). The report offers insight and opportunity afforded investors as Metanor, a unique exploration junior with well over $30,000,000 of gold poured to date from their 1200 TPD mill, is expected to release a new NI 43-101 compliant resource estimate on its Barry gold project within days. The report also chronicles developments as Metanor progresses with plans to go underground at Bachelor Lake (expected to come online later in 2010). The full report may be found at http://miningmarketwatch.net/mto.htm online. Excerpts:A new resource estimate is imminent on Metanor Resources’ (TSX-V: MTO) 100% owned Barry deposit, which possesses the potential for significant growth as speculated by mining expert Jay Taylor who has visited the property this year and has made MTO.V one of his top gold mining sector investment selections. Metanor could conceivably be positioned to move from a projected 60,000 - 70,000 ounces gold production per annum once the Bachelor Lake underground mine comes online (expected later in 2010) to mid-tier producer status on a second front at the Barry mine. The Barry Deposit has morphed over the year and now represents a major asset for the Company:The Barry deposit, located ~65km southeast of the Bachelor Lake Mine/Mill, has morphed over the year from being an interim source of ore (until the Bachelor Lake underground comes online) into what is now being described in some geological circles as a new world class mining camp. Since acquiring the Barry deposit Metanor has extracted what resource was originally thought to be there when they bought the property and have added significantly but not quantified it until now. The imminent Barry resource estimate report is expected within days. There are two zones at Barry going down to 400m, it is a 1 km strike zone and is open at depth. Metanor has recently completed a 20,000m drill campaign on Barry and has encountered quality intercepts (i.e. 9.24g/t gold over 33m, 6.12g/t over 37.8m). The image (seen in report) shows numerous drill holes to ~100m, however the drill intercepts at 40...