Metanor still working on Bachelor erection
2007-03-14 10:19 ET - News Release
Mr. Serge Roy reports
UPDATE: REFURBISHING OF THE BACHELOR LAKE GOLD MILL
Metanor Resources Inc. is making steady progress on the work to restore surface facilities at the Bachelor mine.
Repairs to the external infrastructure of the gold processing facility, including the siding and insulation, have now been completed and contracts to refurbish the inner components of the mill will be awarded shortly. The construction of buildings to be used for administrative purposes is also almost finished.
The former owner has been asked to retrocede the existing and still-valid certificate of authorization for operating the Bachelor mine. Work has also been undertaken to ensure that the settling pond complies with the requirements of the Ministere de l'Environnement. A contract was awarded to Golder, which is currently conducting geotechnical drilling to characterize the material of the tailings impoundment and to define the work necessary to rehabilitate it and to ensure it complies with environmental standards.
Meanwhile, Metanor is preparing to put the Barry gold deposit into production as an open pit mine. Operating the open pit requires a certificate of authorization under Section 22 of the Environmental Quality Act, and Genivar LP has been mandated to prepare a document that meets the requirements of various Quebec government departments.
The work carried out to date is on schedule; a bulk sample from Barry could be processed at the Bachelor mill during summer 2007.
Metanor will continue its aggressive development strategy by increasing its portfolio of projects that have resources with potential comparable to the Barry gold deposit for supplying the Bachelor mill.
On March 1, 2007, Richard Seguin resigned as director and member of the board of directors of Metanor Resources; the company would like to thank him for his contribution during his term. He was replaced by Ronald Perry, who has an administration degree from Concordia University and has been working as a financial consultant for various private and public companies since 2000.
