Risk and valuation analysis of the Bachelor Lake / Hewfran Project |
Status Risk : Advanced discovery |
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Title(s) of the Bachelor Lake / Hewfran Project |
![](http://www.24hgold.com/24hpmdata/pub/1017_metanor.gif) | Metanor Resources Inc. Option on interest: 100% |
![](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company Profile Company Profile](http://www.24hgold.com/style/all/img/bouton/website.png) | ![All Projects All Projects](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company website Company website](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company project page](http://www.24hgold.com/style/all/img/bouton/website.png) |
Title | Company Profile | All Projects | Company website | Company project page |
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![](http://www.24hgold.com/24hpmdata/pub/3846_sandstorm.jpg) | Sandstorm Gold Purchasing Contract: 20% |
![](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company Profile Company Profile](http://www.24hgold.com/style/all/img/bouton/website.png) | ![All Projects All Projects](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company website Company website](http://www.24hgold.com/style/all/img/bouton/website.png) | ![](http://www.24hgold.com/style/all/img/bouton/website.png) |
Title | Company Profile | All Projects | Company website | Company project page |
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Sandstorm" has entered into a gold purchase agreement with Metanor Resources Inc. . Sandstorm has agreed to purchase 20% of the life of mine gold produced from Metanor's Bachelor Lake Gold Project |
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Location of the Bachelor Lake / Hewfran Project |
The Bachelor Lake property is located in the Le Sueur Township (CL740) approximately 225 km northeast of Val-d'Or. The mine site is located 3.5 km southeast of the village of Desmaraisville.
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History of the Bachelor Lake / Hewfran Project |
Bachelor gold deposit was mined by underground mining method, mainly by shrinkage stoping and 131,000 oz of gold were produced during the 1980's. During the winter of 2004-2005, the mine was dewatered in order to initiate an underground drilling program in 2005.
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Geology of the Bachelor Lake / Hewfran Project |
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The property is underlained by Archean volcanic rocks of the Obatagamau Formation. This formation includes mafic, intermediate and felsic flows and their intrusive equivalents. The epizonal syn- to post-tectonic composite O'Brien "granite" is a prominent feature east of the deposit. Post-tectonic lamprophyre dykes are also present in the mine.
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