VAL-D'OR, QUEBEC--(Marketwired - Sept. 23, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce the beginning of a surface drilling program on the Bachelor and Barry properties. This drilling campaign totalling approximately 15,000 meters per property will be executed by the drilling company Orbit-Garant of Val-d'Or, Quebec.
This first drilling program is designed to investigate Induced Polarization (IP) anomalies recently detected on the Bachelor property and lateral extension and extension at depth of the Diagnos Gold zone discovered in 2010 on the Hewfran claims block and located about 2.5 km to the West of the Bachelor mine.
This new gold structure discovered with the help of CARDS technology developed by Diagnos Inc. is associated with a quartz tourmaline pyrite vein in a shear zone oriented east- west to east-southeast. This new mineralized zone was stripped and has been exposed over a distance of 50m and the best grab samples taken from the pyrite rich zones returned grades of 11.05 g / t Au ( sample # 867355 ), 11.03 g / t Au ( sample # 867356 ) and 14.80 g / t Au ( sample # 867359 ). A diamond drilling program carried out by Metanor in 2010 investigated the gold zone over a horizontal distance of 250 m and to a vertical depth of 80 m. The best gold intersections associated with pyrite-rich zones were 2.42 g/t Au over 2.40 m (HW-10-03), 8.48 g/t Au over 2.65 m (HW-10-05), 2.06 g/t Au over 1.05 m (HW-10-10), 2.10 g/t Au over 1.15 m (HW-10-12) 4.04 g/t Au over 0.95 m (HW-10-17) and 3.87 g/t Au over 2.50 m (HW-10-22) (Press Release of May 10, 2011).
An induced polarization (IP) survey executed in 2012 on certain area of Bachelor-Hewfran properties identified several east-west to east-south-east anomalies that may coincide with gold structures similar to those hosting the Bachelor mine. Some of these anomalies were detected in the area to the east of the O'Brien pluton and are extending in the eastern extensions of structures intersected in previous drill holes that have intersected gold intersections of 13.7 g / t Au over 1.35 m (hole 95-07), 4.87 g / t Au over 3.3 m (hole 82-40) and 41.1 g / t Au over 1.0 m (hole 87-56) (historical data).
Targets that will be investigated during this drilling campaign are very promising and are intended to define new mineralized structures that may lead to the discovery of new gold deposits on the property.
A second drilling program totalling 15,000m is also being prepared on the Barry property and will be further detailed in a press release to be issued shortly.
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
Mr. André Tremblay, Geol. Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release.
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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.
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Contact Information:
Vice-President
514-262-8286
rperry@metanor.ca