NEW YORK, NY / ACCESSWIRE / September 28, 2015 / Metanor Resources Inc. (TSX VENTURE: MTO) (PINKSHEETS: MEAOF) (Frankfurt: M3R) announced this last week it has intersected 10.1 g/T Gold over 26.2 meters near-surface (hole M0-15-14) in a new discovery zone not linked to anything previously known, only ~900 meters south of the headframe at Bachelor. Mining MarketWatch Journal has published an overview of the exploration efforts surrounding this exceptionally stellar high-grade intercept which begins at only 6.4 meters depth.
The full Mining Journal review may be viewed at https://miningmarketwatch.net/mto.htm online.
The new discovery is now being followed-up to investigate how, if at all, it is connected to an earlier drill hole intercept (MO-15-08) at 605 m depth that yielded 26.8 g/T Gold over 1 m, this is being accomplished by continuing M0-15-14 to ~600 m. The exploration plan also will see Metanor drill a series of short holes to locate the direction and thickness of the new discovery. If the core angle is the same orientation as the rest of the mine then Metanor may have hit the jackpot if the dots connect as is hoped. The implications for shareholders of MTO.V will be profound as there appears potential to see a new high-grade open pit mine from surface and also perhaps underground at depth via drift from the existing Bachelor Mine. The caliber of the intercept is stunning and dramatically increases the attractiveness of MTO.V for potential suitors looking to acquire/buy-out.