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Metanor Resources Inc
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Metanor drills 15.2 m of 7.5 g/t Au at Bachelor

2015-08-20 09:18 ET - News Release

Mr. Ronald Perry reports

METANOR INTERSECTS 7.5 G/T OVER 15.2 METERS AT BACHELOR MINE

Metanor Resources Inc. has provided an update of the underground exploration activity at Bachelor mine. The drill located on level 6 has intersected 7.5 grams per tonne over 15.2 metres. The drill hole intersected the vein 8-H-14 between level 6 and level 8. The results are in the attached table.

                                          Length       Au grade            
Hole No.         From (m)      To (m)      (m)(i)   capped (g/t)       Zone

6-132               99.6       103.7         4.1            4.1      8-H-14
6-136               81.2        89.8         8.6            5.5      8-H-14
                    96.1       104.4         8.3            2.6      8-H-14
Including           96.1        98.0         1.9            5.6      8-H-14
6-137               94.1        98.8         4.8            5.4      8-H-14
6-138              103.9       111.3         7.4            6.0      8-H-14
6-156              114.4       129.6        15.2            7.5      8-H-14
6-159              121.7       122.6         0.9            6.4      8-H-14
6-186               98.1        99.6         1.5            2.0      8-H-14

(i) Core length

The hole 6-156 confirms the extension of the wide zone below level 8. The development activities are presently within 85 metres from the 8-H-14 sector. In addition, a diamond drill bay is planned on level 8 to drill below toward levels 10 and 12.

The development activities reached the mineralized zone in the 8-H-10 sector. Based on the drill results, the access was planned at the east end of the block. The excavation demonstrated that the vein is continuing to the east farther than anticipated. The grade to date is 13.9 grams per tonne over a length of 14 metres. The average width of the ore is 2.2 metres. The vein remains open to the east. Additional drillings are planned to the east to verify the extension.

The true width is between 50 and 75 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 of gold. The samples were assayed by fire assay at the Metanor assay lab. The quality control program of the assay results (quality assurance/quality control) 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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