For thousands of other reports visit RSC's Mineral Intellingence Map
Metanor Resources Inc.
Summary
| Project: | Barry | |
|---|---|---|
| Deposit: | Barry | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-11-2016: Metanor Resources Inc. announces a PEA report for its Barry deposit at the Barry project. PEA results incl. pre-tax NPV (6%) of $53.5M, IRR of 198%. September 22, 2016 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor") (TSX-V: MTO) | |
| Resources: | (Resource, M+I): 2.49Mt @ 1.52g/t Au for 122000oz Au contained | |
| CP/QP: | [Resources]: Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | September 22, 2016 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor") (TSX-V: MTO) is pleased to present the highlights from the positive preliminary economic assessment study (PEA) completed by GoldMinds Geoservices Inc. on its Barry gold project (Mining Lease BM number 886) which is located 100 km east of Lebel sur Quévillon and 115 km south of the Bachelor Mine in Quebec. The Barry gold mine could potentially support an open pit mine with a conventional treatment plant using mineral industry standards, including: crushing, grinding, gravity concentration, cyanide leaching tanks, adsorption of gold by coal activated desorption of coal, electrolytic sensing, refining and reactivation of coal in addition to the destruction of cyanides released from the leach circuit. The Bachelor processing plant has been resized for an annual capacity of 420,000 tons in this preliminary technical and economic study (PEA). The anticipated gold recovery is expected to exceed 95%. No provision has been made for the treatment of low mineralized material and content for material that could be mined by underground method. The calculation of the tax and mining rights was conducted by the firm Raymond Chabot Grant Thornton (RCGT) of Val d'Or from a cash flow document prepared by GMG. The current scenario plans for transport by road train of 150 tons. An average milling index of 13.3 kWh / t is used. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report