VAL-D'OR, QUEBEC--(Marketwired - Feb. 13, 2014) - Ressources Métanor Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has produced 4,028 ounces of gold during the month of January at its Bachelor Mine.
The ounces produced in January came from development activities on levels 14, 13, 12, and 10 as well as from stopes on levels 14, 13, 12, 11 and 10, for a total of 21,407 tonnes of ore at a feed grade of 6.06 grams / tonne with a 96.6% recovery.
In addition, the underground team developed a record 690 meters of drifts and sub-levels during the month of January alone, allowing for the opening of many stopes on different levels. As a result, the mine had eight actives stopes during the month of January, allowing for a constant feed to the mill.
Ghislain Morin, President and Chief Executive Officer, and Serge Roy, Executive Chairman of the board, declare: « We are very pleased with the achievement of this new record in January which assures the sustainability of our production for the coming months. We also take this opportunity to thank our shareholders for their trust, the suppliers for their support, and our employees for their dedication. »
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.
267,266,066 outstanding shares
Contact Information:
514-262-8286
rperry@metanor.ca