VAL-D'OR, QUEBEC--(Marketwired - April 9, 2015) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to report larger intersections in the holes 13-154 and 13-160 than was previously reported March 30th 2015.
More assay results received since such date have confirmed a larger intersection in the sector. The drill campaign is continuing from the drill bay on level 13 to the west between levels 13 and 14. The mine design and development in this sector is now underway as the current excavations are within 30 meters.
Updated results
| Hole No | From (m) |
To (m) |
Length* (m) |
Grade (g/t Au) |
Zone | |
| 13-154 | 25.6 | 33.4 | 7.8 | 4.25 | Main zone between level 13 and 14 | |
| 13-160 | 31.3 | 46.3 | 15.0 | 6.14 | Main zone between level 13 and 14 | |
| *Core length | ||||||
The true width is between 50 and 75% of the core length obtained in diamond drill holes. The cap-off grade used in the analysis is 51.5 g/T or 1.5 oz Au. The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab.
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:
Vice-President
514-262-8286
rperry@metanor.ca