Metanor Resources MEAOD

Metanor Intersects 15.3 g/t Au Over 6.6 Meters

[wind00e]

Metanor Intersects 15.3 g/t Au Over 6.6 Meters

 

Marketwired via COMTEX - Tue Dec 08, 09:24AM EST

Metanor Resources Inc. ("Metanor") (TSX VENTURE: MTO) is pleased to provide this update on its exploration drilling program, from the surface, on the Moroy property located south of Bachelor mine (the South Zone). A hole intersected 15.3 g/t over 6.6 meters (MO-15-68).

Two drills are presently drilling on this property. Many holes were drilled around the discovery, and the results are published in the table below. See press release from September 22nd 2015 regarding the discovery south of Bachelor Mine. These holes confirm a multi vein system which one is represented on the section diagram below, and determines the orientation of the veins with more precision. The interpretation to date shows that one of the veins has an East-West orientation, and a dip near 70 degree to the North.

The next holes will focus on increasing the size of the zone since it is open in all directions. Furthermore, a previous hole drilled in 2013, from level 14 at the Bachelor Mine, toward this zone intersected 5.2 g/t over 2.4 m, 600 m below surface. More holes are being assayed, and the results will be published as they are available.

Images are available at the following addresses :

https://file.marketwire.com/release/mto1.jpg

https://file.marketwire.com/release/mto2.jpg

The results are in the table below:

 ----------------------------------------------------------------------- ----- Au grade capped True width Hole No. From (m) To (m) Length (m)(i) (g/t) (estimated) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- MO-15-18 163 173,4 10,5 1,1 70% ---------------------------------------------------------------------------- MO-15-24 138,7 139,3 0,6 5,7 70% ---------------------------------------------------------------------------- MO-15-41 198,4 200,3 1,9 6,7 70% ---------------------------------------------------------------------------- MO-15-44 210,1 213,9 3,8 4,8 55% ---------------------------------------------------------------------------- MO-15-51 19,8 22,7 3 1,9 70% ---------------------------------------------------------------------------- MO-15-55 25,8 26,3 0,5 4,5 55% ---------------------------------------------------------------------------- MO-15-58 38,1 42,5 4,4 11,4 55% ---------------------------------------------------------------------------- MO-15-59 27,8 28,1 0,3 8,3 55% ---------------------------------------------------------------------------- MO-15-62 20 30,8 10,7 8,4 55% ---------------------------------------------------------------------------- MO-15-63 103,2 106,6 3,4 13,8 55% ---------------------------------------------------------------------------- MO-15-64 59,6 60,4 0,8 11,5 55% ---------------------------------------------------------------------------- MO-15-65 97,8 101,5 3,7 1,8 55% ---------------------------------------------------------------------------- MO-15-66 99,2 106,6 7,3 2,4 55% ---------------------------------------------------------------------------- MO-15-68 18,6 19,8 1,3 2,4 70% ---------------------------------------------------------------------------- MO-15-68 40,6 47,3 6,6 15,3 55% ---------------------------------------------------------------------------- MO-15-68 121,1 122,9 1,8 3,3 70% ---------------------------------------------------------------------------- MO-15-69 59,4 60 0,6 11,5 55% ---------------------------------------------------------------------------- MO-15-73 20,4 24 2,6 2,6 55% ---------------------------------------------------------------------------- MO-15-74 28,8 31,8 3 6,3 55% ---------------------------------------------------------------------------- MO-15-75 35 41,5 6,5 2,9 55% ---------------------------------------------------------------------------- MO-15-98 21,4 24,7 3,3 9,8 75% ----------------------------------------------------------------------------

(i)Core length

The true width is between 55 and 70% of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 31 g/t or 1 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.

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.

421,189,849 outstanding shares

 Contacts: Ronald Perry, Vice-President 514-262-8286 [e-mail]

SOURCE: Metanor Resources Inc.

 

(C) 2015 Marketwire L.P. All rights reserved.

[dawgbone]

more great drill results...i can hardly stand it anymore!

[Matagami]

METANOR INTERSECTS 15.3 g/t Au OVER 6.6 METERS December 8, 2015 – Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor") (TSXV: MTO) is pleased to provide this update on its exploration drilling program, from the surface, on the Moroy property located south of Bachelor mine (the South Zone). A hole intersected 15.3 g/t over 6.6 meters (MO-15-68). Two drills

[rockyfan]

Maintenant.....tout ce qu'on a besoin, c'est que l'Or remonte un peu . Avec l'economie mondiale en  debacle en ce moment, la meilleur monnaie refuge est l'Or..Donc la patience est de mise avec toutes ces bonnes nouvelles avec Metanor.

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[Geodan2]

So-So news.  But they did right thing in reporting it.  They likely held out hoping for better news. So they finally do roughly understand the ore system.  They have been drilling many vertical holes, which I did suggest.   It probabaly is worth open trenching it in upper reaches, should be profitable. If all the drill holes wre twice the width and twice the garde it would be

[moonshot5]

It's 101 gram/meters right next to the mill, not in Tuktoyatuk  or some other remote area with no infrastructure. This is GOOD NEWS because the bar to reach for success is very low. They don't have to find a multi-million ounce deposit to be successful. Our market cap is less than what a mule-and-moose-pasture exploration company used to trade for.

[Geodan2]

That aspect is very good, being close to mill. I have hundreds of thousands of shares of this, so want results as good as possible.   The first drill results ended up in trading halt and 50% gain.  If it were true width and the rest of drill holes similar, this could be .50 today. Today the stock was even to down, with this news.  See below: Hole No. From (m) To (m) Length (m)(i)