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Dear Investor,
Metanor Resources Inc. (TSX.V-MTO) (OTCBB-MEAOF) is pleased to provide this update on the ongoing underground drilling program at Bachelor aimed at defining new resources at depth below level 14.
The drill results listed below confirm the expansion at depth of the �Main� vein. Following these results, Metanor will proceed, in the coming weeks, with the drilling of deeper holes.
The table below summarizes the significant intersections obtained in the last few weeks for this sector:
Hole No.
|
From (m)
|
To (m)
|
Length (m)
|
Grade Au (g/t)
|
Zone
|
| 14-075 |
116..9 |
118.9 |
2.0 |
11.6 |
Main (M) |
|
|
|
|
|
|
|
129.3 |
131.1 |
1.8 |
14.4 |
New |
|
|
|
|
|
|
| 14-076 |
125.9 |
129.3 |
3.4 |
11.3 |
M |
|
|
|
|
|
|
| 14-077 |
117.0 |
124.5 |
7.5 |
13.0 |
M |
|
|
|
|
|
|
| 14-078 |
125.9 |
129.3 |
3.4 |
11.3 |
M |
|
|
|
|
|
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True core length.
The true width is between 75 and 90% of the core length obtained in Diamond drill holes in the �Main� vein. The cut-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.
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
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.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Ronald Perry, Vice-President
Contact: 514-262-8286
Email: rperry@metanor.ca
2872, Sullivan, Suite 2
Val-d'Or, Quebec J9P 0B9
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. Factors that could cause actual results to differ materially from those in forward-looking statements include, metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.
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