Metanor Pours Record Gold Bar of 868 Oz
VAL-D'OR, QUEBEC -- (Marketwire) -- 02/19/13 -- Metanor Resources Inc. ('Metanor') (TSX VENTURE: MTO) is pleased to announce that it recently poured a 868 oz gold bar, it's most important to date. This pour represents a weeks' worth of gold production from the Bachelor Project. Since the conversion of the Bachelor mill from the Merryl-Crowe technology to Activated Carbon technology, the ore recovery has averaged 97% since Metanor poured its first bar in May 2012.
Ghislain Morin, President and CEO stated: "The Bachelor Project is well underway to become the next gold producer in Quebec. We are very thankful for the effort of all our workers in attaining our objective of reaching commercial production in a secure environment."
Metanor is pleased to announce the nomination of Mr. Claude Imbeault as the General Manager of the Bachelor Project. Mr. Imbeault reintegrated the company in October 2012 after leaving the company in October 2010.
Claude Imbeault, Mine General Manager, stated: "The competence together with the hard work of all our workers has enabled the company to accelerate the safe development of our underground infrastructure and the ramp up of many stopes allowing a steady tonnage at the mill."
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. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.
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.
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.
237,650,916 outstanding shares
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Ronald Perry
Vice-President
514-262-8286
rperry@metanor.ca
