VAL-D'OR, QUÉBEC--(Marketwired - April 9, 2014) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has produced 12,641 ounces of gold during the quarter ending March 31st 2014 and 4,380 ounces in March.
A total of 20,478 tonnes of ore at a feed grade of 6.85 grams / tonne were processed during the month of March with a 97.1% recovery rate. For the quarter ended March 31, 2014, a total of 60,497 tonnes of ore at a feed grade of 6.71 grams / tonne were processed with a 96.8% recovery rate.
Ghislain Morin, President and Chief Executive Officer, and Serge Roy, Executive Chairman of the board both stated that: « We are very pleased to observe stability in our results from operations. This is allowing us to achieve our first priority of increasing the underground drilling to find and define new zones in the mine thereby eventually increasing our resource. »
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
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.
270,532,733 outstanding shares