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Metanor Resources Inc
Symbol MTO
Shares Issued 438,785,949
Close 2016-11-16 C$ 0.065
Market Cap C$ 28,521,087
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Metanor drills 3.8 m of 13.1 g/t Au at Bachelor

2016-11-16 08:44 ET - News Release

Mr. Ronald Perry reports

METANOR INTERSECTS 13.1 G/T AU OVER 3.8 M AT BACHELOR MINE

Metanor Resources Inc. is providing an update on its underground drilling program at the Bachelor mine.

Drilling continued during the months of October and November in the Hewfran sector below level 10. The drill hole results are presented in the table.

                        BACHELOR DRILL RESULTS

Hole                    From          To      Length(1)       Au
                          (m)         (m)         (m)       (g/t)

E16-074                                                       Tr
E16-081                 50.3        51.7         1.4         1.3
E16-096                 49.7        52.4         2.7         7.8
E16-097                 67.7        70.5         2.8        10.0
8-170                   95.4        99.2        3.84         2.6
8-175                  109.5       114.7        5.21         5.9
8-177                   95.9        97.2        1.25        14.2
8-179                  110.9       111.5        0.58         8.5
8-180                  114.4       115.5        1.16         5.3
10-094                  73.8        76.3         2.5        15.1
10-095                  50.0        50.6         0.6        11.6
10-096                  76.3        77.3         1.0         9.7
10-097                  64.3        68.1         3.8        13.1
10-098                  88.7        90.0         1.3         3.4
10-099                  76.1        78.9         2.8        12.5
10-100                  68.8        70.7         1.9         5.0
10-101                  85.2        88.3         3.0        14.1
10-102                  61.3        63.7         2.4         1.9
10-103                  54.5        57.2         2.7        19.8
10-104                  52.4        55.0         2.6         7.3
10-105                  46.7        51.2         4.5         8.2
10-106                  61.0        63.0         2.1         8.2
10-107                  66.2        68.7         2.4         5.5
10-108                  51.8        54.1         2.2        11.9
10-109                  53.2        53.8         0.6         3.0
10-110                  61.7        63.7         2.0         4.7
10-111                  59.7        61.5         1.8         6.6
10-112                  86.0        87.2         1.2         6.9
10-114                  50.5        51.6         1.0         2.7

(i) Core length.

The development of a drift on level 12 to access this sector is already under way. In addition, an exploration drift on level 14 is almost completed and will enable the drilling of the extension of this sector below level 12. The diamond drilling below level 12 should begin within the next two weeks.

Metanor estimates that the mineralized intercepts' true thicknesses reach 45 per cent to 85 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 control program of the assay results (QA/QC) 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 persons

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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