OTCPK:MEAOD - Post by User
Comment by
Matagamion Mar 12, 2015 9:36pm
200 Views
Post# 23516527
RE:RE:News
RE:RE:NewsTHERE IS SOMETING FISHY WITH THIS PRESS RELEASE
Normally, the first two numbers of a surface drill hole indicate the year it was drilled. If you look the press release this number is 13. This would mean that these drill holes were made in 2013. This raises many questions ? Metanor Resources Inc.: New Gold Corridor at Bachelor Mine
VAL-D'OR, QUEBEC--(Marketwired - March 12, 2015) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has identified a new corridor with gold grades, located 860 m south of the Bachelor Mine.
This new structure was followed on a distance of 400 m long based from 4 drill holes from surface. As a reference, the gold structures presently mined at Bachelor are averaging 275 m long. More than 80 cuts grading gold between 0.5 and 10.9 g/T were obtained in these holes (see attached table). The geological context in the 4 holes presents similitude with the gold structures at the mine which are associated with hematized shears containing 1 to 8% of fine pyrite.
This new structure is located directly beside the limit of the high power inversed polarisation (HP IP) geophysical survey completed in the fall 2014. The presence of the tailing pond prevented the full coverage of the area with the geophysical survey. However, a HP IP trend is located 400 m east of the corridor identified by the 4 holes. No hole has been drilled between the new gold corridor and the geophysical conductor.
Metanor plans to concentrate it next surface exploration activities in this sector which present the best discovery potential on the Bachelor Property.
Hole No | From (m) | To (m) | Length* | Grade (g/t Au)** | | Remark |
Bw-13-13 | 36.95 | 37.70 | 0.75 | 7.62 | | Foliated Basalt + 4% Pyrite (Py) |
| 186.0 | 186.5 | 0.50 | 2.05 | | Hematized (hem) Basalt + 6% Py |
| 249.00 | 250.50 | 1.50 | 2.35 | | Hem Tuf + 3% Py |
| 352.95 | 353.25 | 0.30 | 2.47 | | Hem Tuf + 1% Py |
| 413.60 | 414.00 | 0.4 | 9.90 | | Hem O'Brien Intrusion + 3% Py |
| 476.85 | 477.15 | 0.30 | 10.90 | | Hem O'Brien Intrusion + 2% Py |
Bw-13-19 | 217.90 | 220.20 | 2.30 | 5.78 | | Hem sheared (sh) Tuf + 1% Py |
| 311.95 | 312.90 | 0.95 | 2.43 | | Hem O'Brien Intrusion + 5% Py |
Hw-13-37 | 57.10 | 60.00 | 2.90 | 4.71 | | Hem sh Tuf + 1 to 7% Py |
including | 58.40 | 59.45 | 1.05 | 7.88 | |
| 66.10 | 66.70 | 0.60 | 2.94 | | Hem Tuf + 8% Py |
| 73.00 | 74.35 | 1.35 | 2.66 | | Hem Tuf + 4% Py |
| 189.75 | 190.15 | 0.40 | 6.77 | | Hem Tuf + 8% Py |
| 324.30 | 324.80 | 0.50 | 3.02 | | Hem Tuf + 1% Py |
Hw-13-43 | 184.10 | 184.50 | 0.40 | 2.05 | | Hem Tuf + 3% Py |
| 230.80 | 231.15 | 0.35 | 2.06 | | Hem Basalt fractured + 8% Py |
| 263.20 | 263.50 | 0.30 | 6.38 | | Hem Basalt + 2% Py |
* Core length |
** Grade > 2.0 g/t |
The true width is between 50 and 75% of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 51.5 g/T or 1.5 oz Au. The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab.