Mr. Ronald Perry reports
METANOR INTERSECTS 12.24 G/T OVER 4 METERS IN THE HEWFRAN SECTOR OF THE BACHELOR MINE
Metanor Resources Inc. has intersected 12.24 grams per tonne over four metres in a zone located between the known Hewfran sector and the Bachelor sector near the infrastructures of level 6 of the Bachelor mine.
The Hewfran sector is the western portion of the Bachelor property. This sector was explored from surface and from underground on level 6 in the last 30 years. In the 1980s, a 500-metre exploration drift was developed to the west from the Bachelor sector of the mine on level 6. In the last few months, this drift was dewatered and rehabilitated to today's standards.
During the last few weeks, drilling activities began on level 6. The attached table shows the results obtained to date in that sector. These results confirm a new zone, and the development activities toward that zone are in progress on levels 6 and 8. The drilling activities on level 6 are continuing and a second drill is planned in that area within the next few weeks.
Hole No. From To Length(i) Grade
(m) (m) (m) (g/t Au)
6-108 103.13 107.19 4.06 12.24
6-112 77.36 79.90 2.54 9.63
6-113 85.52 87.42 1.91 21.11
6-114 76.91 79.32 2.41 3.31
6-115 70.12 74.01 3.89 5.34
6-116 86.48 88.29 1.80 9.9
(i) Core length
The true width is between 65 per cent and 95 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 per ton. The samples were assayed by fire assay at the Metanor assay lab. The quality assurance/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 National Instrument 43-101 responsible for reviewing and approving the technical information contained in this news release.
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