NR - Metanor Produced 10,277 Ounces During Quarter Ended Jun
https://web.tmxmoney.com/article.php?newsid=76803866&qm_symbol=MTO Metanor Produced 10,277 Ounces During Quarter Ended June 30th 2015 VAL-D'OR, QUEBEC--(Marketwired - July 17, 2015) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) announces that it has produced 10,277 ounces of gold during the quarter ended June 30th 2015. A total of 58,499 tonnes of ore at a feed grade of 5.66 grams / tonne were processed during the quarter with a 96.5% recovery rate. For the fiscal year ended June 30th, Metanor produced 40,067 ounces. A total of 234,826 tonnes of ore at a feed grade of 5.50 grams / tonne were processed during the year with a 96.5% recovery rate. Metanor sold 10,626 ounces of gold in the quarter and 41,242 ounces of gold for the year. The production, in the last quarter, came from the Main and the A veins. For the coming quarter, the production will continue to come from these two veins with a grade near the current level. Starting this fall, the B and Hewfran veins will be added to production in addition to the A vein. The production from Hewfran is expected to increase the average grade of the mine between 5.8 and 6.2 g/t. For the coming year, Metanor expects to produce between 42,000 and 45,000 ounces of gold. Development towards the west continued in the last quarter on levels 6 and 8, and 14. The development will continue on the same levels during the coming quarters. The exploration program also continued to the west with good results on level 6. The upcoming drill program will aim to connect the sector on level 13 with the known upper sector on levels 6 and 8. The surface drill program began in the region of the Bachelor mine in early July, and will continue through the coming year. The surface drilling on the Barry property is planned later in 2015. 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.