VAL-D'OR, QUEBEC--(Marketwired - Aug. 27, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce a record gold pour of 1001 ounces last week. This pour corresponds to one week's production at the Bachelor Project.
Additionally, the production ramp up activities continue on levels 10 to 14 where the reserves are located (based on the 43-101 technical report dated April 26th 2011 available on SEDAR). This zone corresponds to the "East Zone", as described in the recent drill results published August 22nd 2013. Also, development and drilling activities are continuing towards the new "West Zone" of the project on levels 12 and 13.
Ghislain Morin, President and CEO, adds: "We are very grateful to all of our employees for their efforts which are key to Metanor reaching its goal of commercial production in a responsible manner and in a secure environment. This weekly record pour confirms that Metanor has the required resources in place and is well on its way towards reaching commercial production."
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.
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.