Metanor Intersects 12.8 g/t Over 10.8 Meters At Bachelor Mine
VAL-D'OR, QUEBEC--(Marketwired - Jun 25, 2015) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to present an update of the exploration activity at Bachelor Mine. The team at Bachelor Mine intersected 12.8 g/t over 10.8 meters in the area directly beside the sector already published June 22nd. The results are released in the table below:
Hole No | From (m) | To (m) | length (m)* | Au grade capped (g/t) | Zone | |
| 6-135 | 81.58 | 81.88 | 0.30 | 6.80 | West zone, 8-H-14 | |
| 6-140 | 116.92 | 131.49 | 14.57 | 4.97 | West zone, 8-H-14 | |
| including | 116.92 | 120.76 | 3.84 | 8.30 | West zone, 8-H-14 | |
| including | 129.32 | 131.50 | 2.18 | 13.61 | West zone, 8-H-14 | |
| 6-146 | 95.27 | 97.56 | 2.29 | 1.76 | West zone, 8-H-14 | |
| 6-151 | 116.46 | 127.29 | 10.82 | 12.78 (capped) | West zone, 8-H-14 | |
| including | 116.46 | 118.60 | 2.13 | 8.54 | West zone, 8-H-14 | |
| including | 121.75 | 126.78 | 5.03 | 22.33 (capped) | West zone, 8-H-14 | |
| 6-160 | 82.27 | 83.54 | 1.27 | 1.14 | West zone, 6-H-10 | |
| 6-161 | 67.20 | 69.21 | 2.01 | 6.72 | West zone, 6-H-10 | |
| 6-162 | 64.20 | 67.07 | 2.87 | 8.25 | West zone, 6-H-10 | |
| 6-163 | 61.95 | 65.31 | 3.35 | 4.64 | West zone, 6-H-10 | |
| 6-164 | 60.72 | 63.74 | 3.02 | 16.00 | West zone, 6-H-10 |
| *Core length |
The holes drilled in the zone identified as 8-H-14 are in the area between level 6 and 8 as indicated in the attached longitudinal section. The development of the top area of 8-H-14 on level 6 is underway. As of today, 23 meters of drift were excavated and the average diluted grade sampled is 11.2 g/t over 3.3 m wide. The development on level 6 is still going west (left on the longitudinal) and full width.
The holes drilled in the area 6-H-10 are directly above the zone 8-H-10 identified in the press release published on June 22nd. These results provide an excellent opportunity to expand the resource already published a few days earlier.
The results published today are from two drills located on level 6. A drill is also drilling on level 12 to the south of the mine. These results will be published as they are available.
The true width is between 65 and 95% 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.
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.
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.
A map is available at the following link: http://media3.marketwire.com/docs/1014309a_Mine_Bachelor.jpg
Contact
Ronald Perry, Vice-President
514-262-8286
rperry@metanor.ca
