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Metanor Resources Inc
Symbol MTO
Shares Issued 296,557,733
Close 2014-11-07 C$ 0.085
Market Cap C$ 25,207,407
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Metanor begins 2,000-metre drill program near Coniagas

2014-11-10 10:15 ET - News Release

Mr. Ronald Perry reports

METANOR BEGINS AN EXPLORATION PROGRAM NEAR THE OLD CONIAGAS MINE

Metanor Resources Inc. has begun an exploration campaign on surface near its Coniagas property, located 250 kilometres northeast of Val d'Or in Abitibi, and 1.6 kilometres from the Bachelor mine operated by Metanor.

The Coniagas mine, a past-producing mine, extracted 718,500 tonnes at 10.8 per cent zinc, 1 per cent lead and 183 grams per tonne silver (Carrier and Davy, 2005) during the 1960s.

In the fall of 2014, Metanor hired Abitibi Geophysique of Val d'Or to complete a geophysical high-power induced polarization survey in the sector between the Coniagas and Bachelor properties and the sector east of the Bachelor property. Many deep conductors were identified, and some within the lateral extension of the Coniagas deposit. A conductor with strong chargeability is located 600 metres east of the old Coniagas shaft. Holes, drilled in 1984 in that sector, reported the presence of narrow zone of sphalerite associated with a chert horizon, which is a geological formation sometimes observed near a volcanic massive sulphide deposit.

The initial phase of the drill program will target the conductors located in the Coniagas sector. Other conductors oriented in similar directions of the gold structures at the Bachelor mine will be drilled in the second phase of the drill campaign. In total, 2,000 metres of drilling is planned in this campaign that will begin now and be completed near mid-January.

Qualified person

Pascal Hamelin, PEng, vice-president of operations, is the qualified person under National Instrument 43-101 responsible for reviewing and approving the technical information contained in this news release.

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