Metalore Resources Ltd (MTLRF) Financial

Metalore Resources Ltd. engages in the exploration, development, and production of natural gas and gold. The company is headquartered in Simcoe, 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 and Greenstone Gold Mines on the Brookbank gold properties in the 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.