This is looking better and better. Canadian $ down to $0.7864 gold at $744 so we are selling every ounce right now for $946 canadian - operating costs $375 thats $571 for every ounce! On top of that they just discovered a new gold-bearing zone!

Metanor Resources finds gold-bearing zone on Hewfran

2008-11-20 09:04 ET - News Release

Mr. Serge Roy reports

METANOR RESOURCES INC.: NEW DISCOVERY-EXTENSION OF THE WEST ZONE ON THE HEWFRAN PROPERTY ADJACENT TO BACHELOR

Metanor Resources Inc. has discovered a new gold-bearing zone followinga stripping campaign carried out on the Hewfran property adjacent tothe Bachelor property.

The Hewfran property is located in the Lesueur township,Desmaraisville area (province of Quebec). It comprises 38 claimscovering an area of 683 hectares, and is immediately located to thewest of the Bachelor mine. The Hewfran property was explored during the80s by two underground galleries starting from the Bachelor mine (level6 and level 8) and had many diamond drilling holes (on the surface andunderground). The geological units and the extensions of themineralized zones of the Bachelor mine are present on this block ofclaims.

This stripping campaign discovered the extension on surface ofthe West zone on the Hewfran property. The West zone was originallydefined by drilling on a horizontal distance of approximately 1,000feet and between depths of 600 and 1,050 feet below surface. This newgold-bearing zone corresponds to a broad zone of intermediate-to-maficvolcanic rocks strongly hematized, fractured and injected ofquartz-carbonate-pyrite veins. The West zone was exposed over ahorizontal distance of approximately 40 metres and a thickness reachingsix metres. This new gold-bearing mineralized zone is roughly orientedeast-west and is intersected by a second northeast-striking shearedgold-bearing mineralized zone. The two orientations of the mineralizedstructures of the West zone correspond to those of the A zone and theMain zone of the Bachelor mine. Grab and chip samples taken along theeast-west mineralized zone returned values reaching 7.21 grams pertonne (g/t) Au and the grab and chip samples taken along thenortheast-striking sheared zone returned values reaching 17.5 g/t Au. Achannel sample taken at the intersection of these two sheared andmineralized structures returned a value of 2.62 g/t Au over six metres,including 5.2 g/t Au over 2.5 metres. Grab samples taken in theprolongation more to the south of the hematized sheared zone returnedgold values varying between 10.3 g/t and 24.30 g/t Au.