Metanor Resources Inc. (fka MEAOF)

[finbar99]

NEWS OUT!

Two back to back solid weekly pours - this is a near 50k annualized run rate (if you ignore the pitfalls of attempting to annualize two data points - but they are and should continue heading north, and coming out of the colder winter months will only help)

Metanor Pours New Record Weekly Gold Bar of 917 Oz
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8:53 AM ET 2/27/13 | Marketwire

Metanor Resources Inc. ('Metanor') (TSX VENTURE: MTO) is pleased to announce that it recently poured a new record 917 oz. gold bar at its 100% owned Bachelor Mill. The ore comes from the very promising Bachelor underground gold mine.

Ghislain Morin, President and CEO stated that "This gold bar is now the largest weekly bar in the history of the company thus far, and represents a significant milestone in the company's progress over the last years. We recognize and thank our underground miners for their efforts and hard work which has enabled the company to accelerate the development and ramp up of the project. The increase in quantity of gold is not only because of the mill capacity increase but also the better grade control (less dilution) with now more work areas (stopes) being mined. We are very pleased with the continued performance of the mill since the beginning of its commissioning, the recoveries of 96-98% are exceptional and our mill team is doing a great job of monitoring the process of slowly increasing the mill's capacity to its full potential."