Mr. Ronald Perry reports
METANOR DISCOVERS NEW GOLD STRUCTURES ON ITS MOROY PROPERTY
Metanor Resources Inc. has provided the results of its exploration drilling program recently completed on the Moroy property, located one kilometre from the Bachelor mill.
The drilling program aimed to test: i) the lateral and vertical extensions of the South zone; ii) the continuity of a second structure intersected at depth by the hole MO-16-181, and located approximately 100 metres to the south; and iii) the east contact of the O'Brien intrusive. This program allowed the discovery of a second structure, the continuity to the west of the 181 structure (or Extreme South) and at least two corridors altered with gold mineralization, were intersected by the drilling program. The only drill hole, MO-16-211, targeting the east contact of the O'Brien intrusive intersected 3.55 grams per tonne gold over 3.66 metres in the lateral extension of historical intersects. The 3-D modelling aiming to confirm the shape of the different zones, to identify the structural controls and to locate the higher-grade enrichment is under way.
The details of the intersections obtained from the drill holes completed in the past weeks are described in the attached table.
Hole No. From To Length (i) Au grade
(m) (m) (m) (g/t)
MO-16-142 183.49 184.31 0.82 2.54
MO-16-142 188.21 188.82 0.61 2.40
MO-16-142 211.29 212.11 0.82 1.10
MO-16-142 227.47 233.84 6.37 4.68
MO-16-157 388.86 390.11 1.25 0.99
MO-16-181 386.27 387.34 1.07 2.07
MO-16-181 462.29 466.65 4.36 6.21
MO-16-181 497.89 498.87 0.98 3.58
MO-16-184 363.17 370.48 7.32 1.43
MO-16-184 481.28 481.89 0.61 2.12
MO-16-185 367.89 370.03 2.13 2.35
MO-16-185 486.00 486.89 0.88 9.80
MO-16-185 498.74 507.80 9.05 2.98
MO-16-186 414.44 416.81 2.38 1.13
MO-16-186 434.89 436.78 1.89 6.57
MO-16-187 18.47 20.30 1.83 1.77
MO-16-187 63.79 65.93 2.13 1.68
MO-16-187 151.42 152.49 1.07 1.14
MO-16-188 16.43 17.22 0.79 6.92
MO-16-189 62.39 63.25 0.85 1.19
MO-16-189 74.89 79.55 4.66 0.67
MO-16-190 60.96 83.58 22.62 2.30
MO-16-191 140.21 147.22 7.01 1.13
MO-16-192 37.04 44.52 7.48 2.11
MO-16-192 123.46 124.80 1.34 1.70
MO-16-193 44.59 47.43 2.83 1.24
MO-16-193 75.01 75.71 0.70 2.64
MO-16-194 130.33 130.94 0.61 0.70
MO-16-195 189.89 190.80 0.91 1.47
MO-16-196 22.62 23.23 0.61 5.06
MO-16-196 31.70 32.61 0.91 8.41
MO-16-196 37.61 40.66 3.05 1.54
MO-16-196 64.37 67.03 2.65 1.51
MO-16-197 116.64 117.92 1.28 3.49
MO-16-197 316.38 318.06 1.68 2.04
MO-16-198 141.24 142.86 1.62 3.20
MO-16-198 211.44 216.87 5.43 1.34
MO-16-200 156.73 157.03 0.30 2.64
MO-16-200 182.82 183.18 0.37 2.20
MO-16-201 174.65 174.96 0.30 2.00
MO-16-204 190.93 194.58 3.66 3.12
MO-16-205 489.05 490.88 1.83 2.99
MO-16-208 225.55 226.98 1.43 2.03
MO-16-208 242.62 243.90 1.28 0.72
MO-16-211 35.05 36.27 1.22 1.33
MO-16-211 59.74 63.40 3.66 3.55
(i) Core length
Metanor estimates that the mineralized intercepts' true thicknesses reach 40 per cent to 70 per cent of the drill cores. A capping of 31 grams per tonne was used, or one gold ounce. The company uses a rigorous, industry-standard, quality assurance/quality control program. 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 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 ALS-certified assay laboratory in Val d'Or, Que. Results of the spot checks were consistent with those reported.
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.
We seek Safe Harbor.
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