VAL-D'OR, QUEBEC--(Marketwired - Oct. 17, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on the development activities underway at its Bachelor project.
Metanor produced 3,231 ounces of gold during the month of September. The ounces produced in September came from development and stope ores at its Bachelor Project for a total of 16,848 tonnes of ore at a feed grade of 6.14 grams / tonne with a 97.2% recovery. During the month of September, the project hoisted waste material three consecutive days in order to allow the continuous development of the drifts toward the ore zone, and to allow the blasting, and mucking of specific waste zones in the stope 13-0-02. These blasts targeted a better dilution control, and the immediate mucking was to avoid waste material to be blended with fresh blasted mineralized ore in the same drawpoints. The average grade in October is so far, exceeding 6.5 grams per tonne because of this tighter control.
The tonnage variation from month to month comes from the total number of actives stopes. Metanor continue its development plan on many levels in order to continue to have many stopes available for production, and eventually declare commercial production. During this quarter ending December 31st, development toward the ore zones on level 10, 11, and 14 continues while production continues on levels 12 and 13.
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.
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