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Metanor Resources Inc
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Close 2014-08-14 C$ 0.14
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Metanor drills 2.3 m of 22.75 g/t Au at Bachelor

2014-08-15 17:22 ET - News Release

Mr. Ronald Perry reports

METANOR EXPANDS ITS B VEIN ABOVE LEVEL 10 BY INTERSECTING 22.75 G/T OVER 2.3 METERS AT BACHELOR

Metanor Resources Inc. is providing this update on the continuing underground drilling program at its Bachelor mine.

Four drills are currently active underground, which has resulted in over 5,500 metres of drilling per month in the last four months, of which an average of 1,600 metres per month was exploration drilling. Since the last drilling update released March 31, 2014, Metanor has drilled the A vein, Hewfran East and the B vein, and the results are summarized in the attached table. Results from the forth drill, on level 14, are now being compiled.

The drill results in the B vein on Level 10 confirm the expansion of the vein above Level 10 up to Level 8. The drilling in the A vein also confirmed the expansion of that vein between Level 6 and 10. The drilling in the Hewfran zone allowed the discovery of a parallel vein south of the Hewfran East vein on Level 8. Some results identified by a question mark cannot be linked to an existing vein and are being interpreted by the geologists. All these new zones are being added to the original resource published in 2011. Because of the proximity of the A vein to the current infrastructure, the mining of this vein will start in the coming months.

The attached table summarizes the significant intersections obtained for these sectors.

                              DRILL RESULTS
                                                    Grade Au                
Hole No.         From (m)      To (m)  Length (m)       (g/t)           Zone

10-022              46.4        47.6         1.1        5.69          B vein
10-026              28.0        29.1         1.0       10.55          B vein
10-033              56.3        58.5         2.3       22.75          B vein
10-034               7.6         7.9         0.3        10.2               ?
10-034              49.6        51.0         1.4         7.9          B vein
10-035              38.2        39.6         1.4        11.0          B vein
10-039              45.7        50.2         4.4        4.19          B vein
10-044              49.0        53.6         4.6        2.99          B vein
10-045              49.5        51.0         1.5        7.96          B vein
10-047              67.9        69.3         1.4        14.8          B vein
10-048              22.3        24.8         2.5        4.44               ?
10-048              31.7        34.5         2.8        7.91          A vein
10-049              31.4        34.8         3.4       11.23          A vein
10-050              17.6        19.5         1.8        4.88          A vein
11-053             119.5       120.4         0.9        3.31          A vein
11-053             130.4       131.1         0.7        2.45          A vein
11-054             129.0       133.0         4.1       32.31          A vein
11-054             146.9       147.3         0.5        8.54               ?
11-056             126.2       129.2         3.0        7.57          A vein
11-057              15.8        16.4         0.6        4.27               ?
6A-35              171.5       172.5         1.0         6.1          A vein
6A-36              164.7       166.5         1.8        10.1          A vein
6A-37               90.2        93.2         3.0         7.2          A vein
6A-40              164.5       170.3         5.8         7.6          A vein
6A-41              155.3       159.0         3.7         9.5          A vein
6A-42              169.4       171.7         2.3        12.0          A vein
6A-44              144.0       145.7         1.7         5.4          A vein
6A-46              174.8       181.1         6.4        12.0          A vein
6A-46              193.9       197.6         3.7         4.8          A vein
6A-47              150.6       150.9         0.3         3.8          A vein
6A-48              171.4       172.6         1.2        27.8          A vein
6A-49              150.1       155.7         5.6         6.5          A vein
6A-50              147.1       149.0         1.9         9.7          A vein
6A-51              148.6       149.4         0.8        10.1          A vein
6A-52              150.7       153.5         2.8         2.0          A vein
6A-53              148.6       150.3         1.7        3.78          A vein
6A-53              152.6       154.7         2.1       19.43          A vein
6A-54              149.3       153.3         4.0         4.5          A vein
6A-55              156.7       159.0         2.3         8.7          A vein
6A-56              192.0       192.4         0.3       24.68          A vein
6A-57              151.3       153.1         1.8       14.42          A vein
6A-57              157.6       159.1         1.5        8.21          A vein
6A-58              147.5       153.1         5.6         7.2          A vein
6A-60              172.9       175.3         2.4         7.4          A vein
6A-62              169.8       171.0         1.2         5.9          A vein
6A-63              167.9       171.7         3.8        9.66          A vein
6A-69              208.2       212.6         4.4        7.03          A vein
6A-69              221.0       222.9         2.0        7.94          A vein
6A-70              209.3       216.2         6.9        4.89          A vein
6A-72              199.8       205.1         5.3        5.98          A vein
6A-75               96.2        97.4         1.3        5.17               ?
6A-75              217.9       221.0         3.2        3.62          A vein
6A-80              192.7       193.8         1.0        3.45               ?
6A-80              215.0       222.6         7.6        5.31          A vein
6A-83              208.7       210.1         1.4        4.61               ?
6A-83              214.3       215.5         1.2        8.63               ?
6A-83              220.4       226.7         6.3        8.84          A vein
6A-79              220.9       227.1         6.2        4.99          A vein
6A-79              157.6       159.1         1.5        8.21          A vein
8-024               76.0        78.1         2.1         6.7    Hewfran East
8-025                8.5        10.0         1.5        22.3               ?
8-025               15.2        17.7         2.5        7.36   Hewfran South
8-026               12.2        13.7         1.5        5.78   Hewfran South
8-032               12.0        15.0         3.0        7.02   Hewfran South
8-029                2.0         7.2         5.2       10.22   Hewfran South
8-030                0.9         5.7         4.8        9.12   Hewfran South
12-174              57.5        58.8         1.2         6.1          Zone E

True core length

The true width is between 60 and 80 per cent of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 51.5 grams per tonne or 1.5 ounces gold. The samples were assayed by fire assay at the Metanor assay lab. The quality control program of the assay results adopted by Metanor includes a minimum of 10 per cent of controlled assays being conducted, as well as verification by an independent external assay lab.

Qualified person

Pascal Hamelin, PEng, 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.

We seek Safe Harbor.

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