VAL-D'OR, QUEBEC--(Marketwired - March 17, 2015) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has intersected 6.1 g/T over 6.8 meters near the drill station on level 13 at Bachelor Mine.
The recently drilled sector corresponds to the junction of the «Main» and the «E» veins between levels 13 and 14. The «E» vein was initially identified in 2014 (see press release dated January 16th and February 6th 2014), and is located to the west of the Bachelor Mine. Since then, a drill station was developed on level 13 to drill with better angles and the drill campaign began in the last 2 weeks. The campaign is continuing in this sector between levels 13 and 14 and results will be announced as they become available.
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|
|13-125||24.1||29.2||5.1||5.80||Junction of Main
and E zones
|13-155||27.3||34.1||6.8||6.1||Junction of Main
and E zones
The true width is between 80 and 90% 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.
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.
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.
296,557,733 outstanding shares