May 29, 2018 – Val-d’Or, Quebec, Canada: Metanor Resources Inc. (the “Company” or “Metanor”) (TSX – V: MTO) is pleased to announce drill results from the on-going underground drill campaign at the Bachelor Mine, including new high-grade results of 19.1 g/t Au over 3.6 metres, 12.0 g/t Au over 4.0 metres and 6.4 g/t Au over 21.8 metres. These new results have extended the deposit 183 metres or 600 feet below the lowest working level at Bachelor Mine and demonstrate the southeasterly plunging continuity to the deposit. Highlights from new drill holes include:
- 14-238 from 37.2 m. to 40.8 m. 19.1 g/t Au over 3.6 m.
Intermediate volcanic host with hematite-epidote alteration and 2-5 % pyrite mineralization.
- E18-234 from 361.5 m. to 365.5 m. 12.0 g/t Au over 4.0 m.
Intermediate Volcanic host with hematite-sericite alteration and 1- 2 % pyrite finely
disseminated and forming stringers.
from 34.3 m. to 56.1 m. 6.4 g/t Au over 21.8 m.
Intermediate Volcanic host with hematite-epidote-carbonate alteration and 2 – 5 % pyrite. Possible structure perpendicular to the Main vein. Further drilling required to confirm the structure.
Highlights of the last 37 drill holes that intersected gold mineralization are listed below:
*Stated intervals are core lengths as drilled, true thicknesses vary and average between 65% to 80% of core lengths.
Metanor continues to explore at Bachelor Mine with 2 underground diamond drill rigs drilling into the new Moroy zone. The diamond drilling in the Main vein will resume at depth once the Main ramp reaches the lower mineralized horizon.
Long Section looking North:
Section Looking East:
Quality Control and Reporting Protocols
Metanor estimates that the actual thicknesses of the mineralized intersections are between 65% and 80% of the core lengths. No capping grade is used at this stage. The Company uses a rigorous QA-QC analytical program according to industry standards. The analytical results were done by pyroanalysis (A.A.) at the mine laboratory. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The company’s QA-QC analytical verification program requires that a minimum of 5% of the samples be audited at an independent laboratory. These audit assays were sent to ALS laboratory located in Val-d’Or, Quebec. The results of the audits are consistent with those obtained.
About the Bachelor Mine
The Bachelor Mine produces gold from a mineralized sub-vertical narrow vein system. Methods used are long-hole mining with rail-track access from a vertical shaft, and the new sub-level sector 14 is accessible from a ramp system. The ore is processed on site at the Bachelor processing plant using the activated carbon process. The mill is on site and accessible by a paved road.
Pascal Hamelin, P. Eng., President and COO, is the Qualified Person under NI 43-101, who is responsible for reviewing and approving the technical information contained in this news release.
Cautionary and Forward-Looking Statements
This press release includes certain statements that may be deemed as “forward-looking statements”. The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. All statements in this discussion, other than those of historical fact, that address future exploration drilling, exploration activities and projected exploration, including costs and other estimates upon which such projections are based, and events or developments that the company expects, are considered forward-looking statements. Although the Company believes the expectations expressed in these 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 forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Pascal Hamelin, President & COO
email: [email protected]
2872, Sullivan Rd, suite 2 Val-d’Or, QC J9P 0B9