Metalore Resources Ltd. engages in the exploration, development, and production of natural gas and gold. The company is headquartered in Simcoe, Ontario. The company is engaged in natural gas production and gold exploration in Ontario. The company owns and/or controls over 40,000 acres of petroleum, natural gas and mineral leases in Charlotteville and Walsingham townships in Norfolk County, Ontario. The natural gas is produced from 83 wells in two townships in Norfolk County, Ontario and is distributed to 150 commercial and residential customers along gathering pipelines via a cooperative agreement with Enbridge Gas Inc. The company is involved in joint venture exploration with Equinox Gold Greenstone Gold Mines on the Brookbank gold properties, Thunder Bay mining district. The company retains a 21-26% Joint Venture interest in 600 gold mining claims in the prolific Beardmore-Geraldton gold belt held by operator Greenstone Gold Mines. The company retains a 1% NSR on the main gold-bearing property of 18 leased claims. The company explores Northwestern Ontario for gold, copper, zinc, lithium, platinum-group elements and diamonds.
Follow-Up Questions
Who is the CEO of Metalore Resources Ltd?
Mr. Armen Chilian is the President of Metalore Resources Ltd, joining the firm since 1987.
What is the price performance of MTLRF stock?
The current price of MTLRF is $0, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Metalore Resources Ltd?
Metalore Resources Ltd belongs to Energy industry and the sector is Energy
