VAL-D'OR, QUEBEC
-- (Marketwired)
-- 09/15/15
Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to present an update on the underground exploration activity at Bachelor Mine. A drill located on level 6 has intersected 7.2 g/t over 8.1 meters. The drill hole intersected the vein 8-H-14 between level 6 and level 8. The results are in the table below:
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Au grade
Hole No From (m) To (m) length (m)(i) capped (g/t) Zone
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6-153 109.7 110.6 0.9 2.3 8-H-14
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6-154 112.0 119.7 7.8 1.4 8-H-14
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6-155 103.7 105.5 1.8 4.8 8-H-14
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6-157 91.0 91.4 0.4 12.9 8-H-14
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109.5 113.0 3.4 2.6 8-H-14
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6-158 112.2 114.1 2.0 1.5 8-H-14
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6-171 69.7 74.2 4.5 1.3 6-H-12
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6-178 18.93 21.10 2.16 20.0 6-H-4
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6-179 27.56 31.86 4.30 8.8 6-H-4
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6-180 14.39 15.73 1.34 2.6 6-H-4
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6-181 39.54 41.49 1.95 16.9 6-H-12
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6-184 72.1 74.0 1.9 8.2 6-H-12
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78.3 79.1 0.8 6.1 6-H-12
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6-185 96.2 99.0 2.8 5.1 8-H-14
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6-187 117.6 118.2 0.6 11.6 8-H-14
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121.0 126.5 5.5 8.6 8-H-14
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6-188 111.1 119.2 8.1 7.2 8-H-14
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including 111.1 114.2 3.0 13.4 8-H-14
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including 116.2 119.2 3.0 5.2 8-H-14
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6-189 117.1 119.8 2.7 2.6 8-H-14
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6-190 114.6 122.0 7.3 3.0 8-H-14
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including 114.6 117.1 2.4 5.4 8-H-14
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including 120.7 122.0 1.2 6.2 8-H-14
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133.9 140.5 6.6 2.1 8-H-14
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6-191 114.6 122.0 7.3 3.0 6-H-12
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6-192 74.4 77.3 2.9 10.8 6-H-12
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6-193 74.6 77.2 2.5 8.9 6-H-12
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6-194 73.0 75.0 2.0 7.4 6-H-12
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6-195 84.6 85.7 1.1 13.4 6-H-12
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6-196 74.6 75.6 1.0 2.0 6-H-14
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6-197 89.1 92.1 3.0 8.0 6-H-14
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6-198 79.9 81.6 1.8 6.4 6-H-14
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(i)Core length
These holes demonstrate the concentration of gold mineralization between level 4 and level 8 in the Hewfran sector (See the longitudinal section for the holes location). The development activities are presently within 50 meters from the 8-H-14 sector. The construction of a diamond drill bay on level 8 is planned in October to drill below toward level 10 and 12.
The development activities reached the mineralized zone in the 6-H-10 last week. The average width of the ore is 4.0 meters over the first 11 m of sill excavated. The grade to date is 11.4 g/t over the excavated length. The vein remains open to the east and west.
To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/1025030E.jpg
The true width is between 60 and 80% of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 31 g/T or 1 oz Au. The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab.
Qualified Person
Pascal Hamelin, P.Eng, 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.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
356,957,733 outstanding shares
Contacts:
Metanor Resources Inc.
Ronald Perry, Vice-President
514-262-8286
rperry@metanor.ca
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