Metanor Resources Inc.

November 10, 2014 10:02 ET

Metanor Begins an Exploration Program Near the Old Coniagas Mine

VAL-D'OR, QC--(Marketwired - November 10, 2014) - Metanor Resources Inc. ("Metanor") (TSX VENTURE: MTO) is pleased to announce the beginning of an exploration campaign on surface near its Coniagas property, located 250 km North-East of Val d'Or in Abitibi, and 1.6 km from the Bachelor Mine operated by Metanor. The Coniagas Mine, a past producing mine , extracted 718,500 T at 10.8% Zn, 1% Pb, and 183 g/T Ag (Carrier & Davy, 2005) during the 60's.

In the fall 2014, Metanor hired Abitibi Geophysique of Val d'Or to complete a geophysical high power IP survey in the sector between the Coniagas and Bachelor properties, and the sector east of the Bachelor property. Many deep conductors were identified, and some within the lateral extension of the Coniagas deposit. A conductor with strong chargeability is located 600 meters east of the old Coniagas shaft. Holes, drilled in 1984 in that sector, reported the presence of narrow zone of sphalerite associated with a chert horizon which is a geological formation sometimes observed near a volcanic massive sulfide deposit.

The initial phase of the drill program will target the conductors located in the Coniagas sector. Other conductors oriented in similar directions of the gold structures at Bachelor Mine will be drilled in the second phase of the drill campaign. In total, 2000 m of drilling are planned in this campaign that will begin now and be completed near mid-January.

About Metanor

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.

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.

Contact Information