| Publish on 09-22-2015 METANOR INTERSECTS 10.1 g/t Au OVER 26.2 METERS NEAR SURFACE | |
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Publish on 09-22-2015
METANOR INTERSECTS 10.1 g/t Au OVER 26.2 METERS NEAR SURFACE
September 22, 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, in the area surrounding the Bachelor Mine. A surface drill located 925 meters south of the Bachelor Mine has intersected 10.1 g/t over 26.2 meters of drill cores assayed. The drilling continues in the same hole since there are more potential targets at depth. This result is part of a drill campaign that is a following up from holes drilled in 2013 and a geophysical survey completed in the fall 2014 in the region surrounding Bachelor Mine. See the press release published March 12, 2015 for more details.
Initially, hole MO-15-08 was drilled in August. See the attached plan for the collar location. Following the results obtained from this first hole, a geophysical survey using a hole to hole - Induced polarization (H2H IP) method was conducted in the first hole, and indicated a large anomaly in the area. A second surface drill rig was brought in to drill hole MO-15-14. The location of the second hole targeted the large anomaly.
The results are in the table below:
Hole N°
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From (m)
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To (m)
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length (m)*
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Au grade capped (g/t)
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Remark
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MO-15-08
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605.0
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606.0
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1.0
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26.8
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Hematized sheared Tuf - 2% Pyrite (Py)
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611.8
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613.3
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1.5
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7.5
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Hematized sheared Tuf - 2% Py
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MO-15-14
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6.4
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32.6
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26.2
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10.1
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Hematized sheared Tuf - 1 to 4% Py, visible gold at 10.2 m
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*Core length
In the next coming days, the second rig will continue to drill around this hole MO-15-14 to complete a series of short holes, to better define the azimuth and dip of this vein and to verify its dimension. The future results will be published as they become available in the coming weeks. The first surface drill rig continues to drill the other anomalies identified in 2014 in the region surrounding Bachelor Mine.
PDF version
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Metanor Resources Inc.
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EXPLORATION STAGE |
CODE : MTO.V |
ISIN : CA59138Q1037 |
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Metanor is a gold and palladium exploration company based in Canada. Metanor holds various exploration projects in Canada. Its main exploration properties are NELLIGAN, OPINACA, VASSAN, WAHNAPITEI, BARRY, BACHELOR LAKE / HEWFRAN and DUBUISSON in Canada. Metanor is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 36.4 millions as of today (US$ 28.1 millions, € 23.9 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.37, and its lowest recent point on January 29, 2016 at CA$ 0.03. Metanor has 62 820 000 shares outstanding. |