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Metanor Continues the Development of the Bachelor Project Toward Commercial Production
Published : November 13, 2012
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Keywords :   Canada | Gold | Market |

VAL-D'OR, QUEBEC, CANADA--(Marketwire - Nov. 13, 2012) - Metanor Resources Inc. ("Metanor") (News - Market indicators) is pleased to release an update regarding the current development of its Bachelor project.

The company announced on July 6, 2012 that it received its certificate of approval for commercial production and on July 12, 2012, it announced positive results of the bulk sample- 25% more gold than expected. Metanor, then proceeded to commence development work to begin the ramp up towards commercial production. Since July 2012, the company continued the development in the mineralized 'Main' and 'B' vein structures on levels 12 and 13 and began the development of underground infrastructures necessary for eventual commercial production at the Bachelor project.

In October, Metanor produced 1,250 ounces of gold coming from the lateral development accessing the future production zones, bringing the total production since July to 4,442 ounces of gold.

Last week, we completed the excavation and construction of a 625 meters (2,050 feet) passageway allowing a second distinct access towards the surface (Escapeway). According to provincial legislation, this second passageway now allows the project to proceed with the next phase which is the production activities in the stopes. This step will allow the project to continue the production ramp up toward commercial production.

Further, the company announces changes to its board of directors and officers. Mr. Serge Roy will be the Executive Chairman of the Board, and Mr. Ghislain Morin will be the President and Chief Executive Officer.

About Metanor

Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.

Qualified Person

Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.

226,639,754 outstanding shares

Cautionary Language and Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Ronald Perry
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Metanor Resources Inc.

ISIN : CA59138Q1037
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Metanor is an exploration gold and palladium company based in Canada.

Metanor holds various exploration projects in Canada.


Metanor is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 26.3 millions as of today (US$ 19.8 millions, € 18.6 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.37, and its lowest recent point on January 29, 2016 at CA$ 0.03.

Metanor has 438 790 016 shares outstanding.

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In the News and Medias of Metanor Resources Inc.
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Annual reports of Metanor Resources Inc.
2008 Annual report
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5/12/2016Publish on 05-11-2016 METANOR INTERSECTS 2.1 g/t Au OVER 40M...
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4/27/2016Publish on 04-27-2016 METANOR CONFIRMS HIGH GRADE EXTENSION ...
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4/27/2016Publish on 04-20-2016 Metanor confirms the extension of the ...
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3/7/2016Metanor Retains GoldMinds Geoservices Inc. for a Mineral Res...
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8/6/2015Metanor Intersects 10.2 g/t Over 13.1 Meters at Bachelor Min...
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5/22/2015Metanor Reports its Financial Results for the Quarter Ended ...
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3/17/2015Metanor Intersects 6.1 g/T Over 6.8 Meters at Bachelor Mine
3/17/2015Intersects 6.1 g/T Over 6.8 Meters at Bachelor Mine
3/12/2015Metanor Resources Inc.: New Gold Corridor at Bachelor Mine
3/9/2015Publish on 02-27-2015 METANOR REPORTS ITS FINANCIAL RESULTS ...
3/9/2015Publish on 02-24-2015 METANOR ANNOUNCES AMENDMENT TO CONVERT...
2/27/2015Metanor Reports its Financial Results for the Quarter Ended ...
2/23/2015Metanor Announces Amendment to Outstanding Convertible Deben...
2/13/2015Metanor Produces 3,425 Ounces During the Month of January
1/19/2015Metanor Produced 8,332 Ounces During the Quarter Ending Dece...
11/28/2014Metanor Reports its Financial Results for the Quarter Ended ...
10/27/2014Metanor Reports its Financial Results for the Quarter and Ye...
10/10/2014Metanor Produces 11,598 Ounces During the Quarter Ended Sept...
10/8/2014METANOR intersected 25.80 g/t Au over 5.6 m at Barry
9/18/2014Metanor Resources Inc.: Grant of Incentive Options
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8/15/2014Metanor Expands its "B" Vein Above Level 10 by Intersecting ...
8/15/2014Metanor Resources Inc.: Corporate Update
7/10/2014Metanor Produces 13,083 Ounces of Gold During the Quarter En...
6/5/2014Record Production at Bachelor Mine; Metanor Produces 5,202 O...
5/22/2014Metanor Reports its Financial Results for the Quarter Ending...
2/20/2014Communiqu=C3=A9 de presse - 20 f=C3=A9vrier 2
2/6/2014Communiqu=C3=A9 de presse - 6 f=C3=A9vrier 20
1/23/2014Communiqu=C3=A9 de presse - 23 janvier 2014
1/13/2014Article on Metanor - Sector Newswire
1/9/2014Communiqu=C3=A9 de presse - 9 janvier 2014
12/16/2013Article on Metanor - Sector Newswire
12/11/2013Communiqu=C3=A9 de presse -11 d=C3=A9cembre 2013
11/18/2013Article on Metanor - Sector Newswire
11/14/2013BNN Commodities Show
11/8/2013Communiqu=C3=A9 de presse - 7 novembre 201
10/21/2013MarketWatch - The Wall Street Journal
10/17/2013Produces 3,231 Ounces in September at Bachelor
10/7/2013Sector Newswire
10/7/2013Communiqu=C3=A9 de presse - 7 octobre 2013
10/7/2013(Barry)Initiates a 15,000 Meter Drill Program at Barry
9/23/2013Communiqu=C3=A9 de presse - 23 septembre 2013
9/23/2013(Barry)Commencement of 30,000 Meter Drill Program at BACHELOR and B...
9/4/2013Intersects 17.66 g/t Over 12.55 m at Bachelor
8/23/2013Communiqu=C3=A9 de presse - 20 ao=C3=BBt 2013
8/13/2013Sector Newswire - August 9, 2013
8/13/2013Precious Metals Review, August 9, 2013
7/30/2013Communiqu=C3=A9 de presse - 30 Juillet 2013
7/11/2013Communiqu=C3=A9 de presse - 14 Juillet 2013
7/11/2013Produces a Monthly Record of 3,215 Ounces in June
6/17/2013Communiqu=C3=A9 de presse - 14 Juin 2013
5/29/2013Communiqu=C3=A9 de presse - Mai 2013
5/29/2013May 2013
5/29/2013Intersects 8.49 g/T Over 15.24 m, and 14.17 g/T Over 5.64 m ...
5/22/2013Provides Bachelor Project Update
5/8/2013s Bylaws With Advance Notice Requirement for Director Nomina...
4/29/2013Provides Bachelor Project Update and Intersects 7.57 g/T Ove...
4/2/2013News Release
3/28/2013Video - Ron Perry - Metanor
3/6/2013Produces 3017 Oz of Gold in February at Its Bachelor Project
2/27/2013Pours New Record Weekly Gold Bar of 917 Oz
2/19/2013Pours Record Gold Bar of 868 Oz
2/7/2013Produces 2,236 oz of Gold in January at its Bachelor Project
1/28/2013TR: Latest Article regarding Metanor on WSJ
1/21/2013Intersects 29.63 g/t Over 4.42m, 14.79 g/t Over 14.02m and 1...
1/14/2013TR: Metanor article in Northern Miner
12/11/2012Produces 1,715 Oz in November vs 1,250 Oz in October at the ...
11/13/2012Continues the Development of the Bachelor Project Toward Com...
10/17/2012Continues to Pour Gold at Bachelor-97.4% Recovery at the Mil...
9/26/2012Announces the Signing of a Socio-Economic Participation Agre...
9/21/2012Grants Stock Options
10/4/2011Latest News Article - Dernier Article - Metanor
9/14/2011Latest Article on Metanor
9/6/2011TR: latest article on the web
9/6/2011TR: Latest Industrial Alliance CoreTalk on MTO
8/26/2011TR: Latest NEWS Release on Metanor send to our mailing list ...
6/16/2011Communiqu=E9 de presse - METANOR
6/9/2011Latest featured note on Metanor
12/14/2010update on its activities at the Bachelor Lake Gold Project
11/9/2010Nomination of a New Director of Operations-Bachelor Mine
2/4/2010Analyst Coverage
2/20/2009Interview with Ronald Perry, VP & Treasurer of Metanor Resou...
11/28/2007Update of the Bulk Sampling at the Barry Deposit
10/30/2007 Receives Positive Preliminary Economic Assessment on Barry ...
10/23/2007Higher grades at the Barry Deposit
10/11/2007 Bulk Sampling has begun at the Barry Open Pit
9/28/2007Adoption of a Shareholder Rights Plan, modification of the S...
9/6/2007acquires more properties and Renegotiates NSR royalties
9/4/2007now holds 100% of Bachelor Property / Update on Bachelor and...
5/8/2007Re-Evaluates The Barry Gold Deposit
3/14/2007Update: Refurbishing of the Bachelor Lake Gold Mill
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