Higher grades at the Barry Deposit
October 23th, 2007 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. (MTO: TSX-V) is pleased to announce that channel sampling executed in the northeast extremity of the stripped area at the Barry deposit returned higher gold grades than anticipated.
Metanor initiated bulk sampling of the Barry deposit in the northeast extremity of the stripped area where extensions of the original stripped zone to exposed wide sheared and mineralized volcanic rocks injected with a well developed quartz vein system. The first three blasts in this area established the starting point of this bulk sampling and results from the first four northwest striking lines 5m spaced were used to evaluate grades of broken material and selection of mill-feed material for transportation to their mill at the Bachelor Lake mine site.
Results of the first 6 lines completed and sampled in the northeast area confirmed the continuity toward northeast of all the mine
ralized zones with higher gold grades than anticipated, and indicate the widening of auriferous zones toward the southwest. This area was partially exposed in 2006 and channel sampling has revealed intersections of 2.25 g/t Au over 9.45m on L12+00E and 2.92 g/t Au over 7.25m on L11+85E. The stripped zone was extended to better expose all the mineralized zones in this area and to better evaluate their gold content by sampling. Channel sampling of the first 6 lines (L12+08E to L11+85E) returned higher gold grades on wider mineralized intersections. Gold content increased approximately of 65% on L12E and L11+85E, while the width of the mineralized intersections increased of 35% on L12E and 300% on L11+85E.
Lines From To Intersections
L12+08E 9+15.6N 9+20.9N 7.05 g/t Au over 5.3m
L12+05E 9+12N 9+22.9N 3.05 g/t Au over 10.9m
L12+00E 9+10N 9+22.8N 3.74 g/t Au over 12.8m
L11+95E 8+96N 9+14N 3.95 g/t Au over 18.0m
L11+90E 8+96N 9+17.4N 2.31 g/t Au over 21.4m
L11+85E 9+07N 9+36.7N 4.84 g/t Au over 29.7m
All the samples were collected on lines perpendicular to the strike of mineralized zones dipping 60 to 65 degrees to the southeast. The width of these intersections obtained on surface represents approximately 85 to 90% of the true width of mineralized zones. All the samples were sent to ALS Chemex laboratory in Val-d'Or for analysis by fire assay (A.A.) with gravimetric finish on all the samples greater than 3 g/t Au.
Intense surface sampling of all the newly exposed areas is continuing at the Barry Open Pit and a few other blasts are already in preparation for this week. Transportation of all the mill-feed material and stockpiling to the Bachelor site will also continue this week.
The Barry property is located in the Urban-Barry belt, approximately 65 kilometres south-east of the Bachelor Lake Mine and consists of 206 claims covering 3276 hectares. The Gold Resources for the Barry deposit were re-evaluated
by Syst�mes G�ostat International Inc. in compliance with NI 43-101 and are now estimated with a 2 g/t Au Cut-off at 385,000 mt at 4.23 g/t Au (52,300 oz) of indicated resources and 966,000 mt at 4.07 g/t Au (126,600 oz) of inferred resources (Press release of may 8, 2007).
Metanor continues working hard to rehabilitate surface installations, including the Mill and the tailings of the Bachelor Mine. Last week Metanor initiated commissioning of the initial circuit of the Mill including crusher, ball mill and conveyors carrying the material up to the ore bin. Material from Barry was used during this successful operation. Other internal components of the mill will be ready during the next weeks.
Mr. Andr� Tremblay, P Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release.
The TSX Venture Exchange does not accept any responsibility for the adequacy or the accuracy of the press release.
For further information please contact:
Serge Roy, President
Tel. : 819-825-8678
RENMARK FINANCIAL COMMUNICATIONS INC.
JASON ROY: JROY@RENMARKFINANCIAL.COM
JEN POWER: JPOWER@RENMARKFINANCIAL.COM
TEL: (514) 939-3989
FAX: (514) 939-3717