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VAL-D'OR, QUEBEC--(Marketwired - March 30, 2015) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has intersected 8.64 g/T over 5.8 meters near the drill station on level 13 at the Bachelor Mine.
Pursuant to the press release dated March 17th 2015, the drill campaign continued from a drill bay on level 13 to the west between levels 13 and 14. This sector corresponds to the junction of the «Main» and the «E» veins between levels 13 and 14 to the west. The campaign is continuing in this sector and results will be announced as they become available. Afterward, the drill campaign will continue in this same trend to the west between levels 12 and 13. This sector is open to the west with very few drill holes between level 8 and level 14.
The potential stopes could be developed within months since the junction is located within 30 meters of the existing excavations on level 13 and 14.
| Hole No |
From (m) |
To (m) |
Length* |
Grade (g/t Au) |
Zone |
| 13-149 |
27.6 |
38.4 |
10.8 |
2.1 |
Main zone between level 13 and 14 |
| Including |
27.6 |
28.1 |
0.5 |
26.4 |
Visible gold |
| 13-154 |
31.1 |
33.4 |
2.3 |
2.5 |
Main zone between level 13 and 14 |
| 13-158 |
40.9 |
44.1 |
3.2 |
9.1 |
Main zone between level 13 and 14 |
| 13-160 |
34.7 |
40.5 |
5.8 |
8.6 |
Main zone between level 13 and 14 |
| *Core length |
The true width is between 50 and 80% 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.
About Metanor
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.
Qualified Person
Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
356,557,733 outstanding shares
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