(i) : All intercepts represent the true core length
Metanor is very encouraged by the progress realized to date in regards to the production ramp up of its Bachelor Project, and by the results obtained in its diamond drilling campaigns. The last drilling campaign realized on level 13 allowed the extension of the veins 100 meters east, and 60 meters west of the existing ore zones on level 13. The company immediately decided to develop a drift toward the new sectors. A diamond drill was relocated to level 12 to continue the drilling of the new sectors at an higher elevation.
The true width is approximately 90% of the core length obtained in diamond drill holes targeting the western sector. The true width is approximately 70% of the core length obtained in diamond drill holes targeting the eastern sector. 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.
Ghislain Morin, President & CEO stated, "We are very pleased to see our current resource extending east and west. These are additional ounces accessible through a short 40 meters drift. This drift will also allow us to increase our geological knowledge of the ore body, and potentially add more 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. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.
Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under Regulation 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. Factors that could cause actual results to differ materially from those in forward-looking statements include, metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Metanor Resources Inc.
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