19:11:00 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Metanor Resources Inc
Symbol MTO
Shares Issued 425,125,049
Close 2016-04-27 C$ 0.08
Market Cap C$ 34,010,004
Recent Sedar Documents

Metanor drills 9 m of 5.4 g/t Au at Barry

2016-04-27 10:26 ET - News Release

METANOR CONFIRMS HIGH GRADE EXTENSION OF BARRY PIT INTERSECTS 5.4 G/T AU OVER 9M

Metanor Resources Inc. has released the preliminary drilling results from the 1,200-metre diamond drilling campaign at the Barry property, located 116 kilometres from the Bachelor mill.

The drilling program at Barry aimed to test the extension of high-grade mineralization and the new mineralization model proposed by GoldMinds Geoservices qualified person (QP), Claude Duplessis, PEng. The drill program is almost completed.

Previous modelling of the mineralization and estimation of resources was done under the basis that mineralization was striking northeast and dipping southeast. Goldminds' analysis of the high-grade mineralization using GENESIS software has allowed the visualization of three stacked oreshoots plunging east at 19 degrees over 225-metre strike length (open) inclined to the south at 49 degrees, these high-grade zones are about 55 to 60 metres wide (25 to 30 metres true thickness). These high-grade zones are located to the west and connect the west pit and the centre pit in the east direction.

This trend was also tested in other sectors and hole MB-16-14 located to the extreme east of the main pit demonstrates continuity of high-grade mineralization in that direction. Hole MB-16-07 located in the west outside the pit area has also shown mineralization of interest and is in line with limited surrounding holes. This will require additional drilling to define a possible new zone to the west.

              PRELIMINARY HIGHLIGHTS OF THE PROGRAM AT BARRY 
             PARTIAL RESULTS (ONLY HOLES 06, 07, ARE COMPLETED)
                      
Hole No.       From (m)      To (m)      Length(*)      Grade Au (g/t)

MB-16-04           1.6           6             4.4              2.1  
MB-16-04            17          27              10              2.5    
MB-16-06            28          58              30              1.8
Including           28          41              13              3.6
MB-16-07            58          78              20              0.8
MB-16-14            52          61               9              5.4

(*) Core length

GoldMinds estimates that the mineralized intercepts' true thicknesses are between 90 per cent and 95 per cent of the drill cores. No capping was used. A rigorous, industry-standard, quality assurance/quality control program is in place. The samples were assayed by fire-assay at the Metanor assay lab. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The independent quality control program of the assay results (QA/QC) adopted by GoldMinds includes a minimum of 5 per cent of controlled core assays being conducted by an independent ALS-certified assay laboratory in Val d'Or, Que. Actual QA/QC results demonstrate results can be disclosed and relied upon.

Qualified persons

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.

Claude Duplessis, PEng, from GoldMinds Geoservices Inc., is the independent qualified person under NI 43-101 which has prepared and reviewed the technical information contained in this news release.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.