NR - Intersects 11.11 g/t Over 13.44 m and 8.04 g/t Over 7.92 m at Bachelor
posted on
Aug 22, 2013 09:39AM
Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.
http://www.marketwire.com/press-release/metanor-intersects-1111-g-t-over-1344-m-and-804-g-t-over-792-m-at-bachelor-tsx-venture-mto-1823601.htm
August 22, 2013 09:19 ET
VAL-D'OR, QUEBEC--(Marketwired - Aug. 22, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on the current drilling program at its Bachelor project.
Metanor is continuing with the underground drilling program of the « Main », « A » and « E » (called before A-1) veins, from various levels of the mine. As mentioned in the April 29th and June 6th 2013 press releases, the drilling completed in the western extension of the deposit was used to locate the offset of the «Main» vein west of the «E» vein. Additional drillings and the development of a drift confirmed the mineralization at that location. A new drill station is being developed and will be completed very shortly on level 12. This station will allow Métanor to further explore this western extension between level 13 and 11.
On level 14, the first drilling phase validated the presence of the «Main» vein in the eastern section of the mine. In its second phase, the drilling program will be targeting the offset of the «Main» vein west of the «E» vein between level 13 and 15.
Presently, the «A» vein is being defined between level 11 and 13. The area being covered by the drilling program is in the east part of the mine and corresponds to the extension at depth of the known corridor of the «A» vein.
The table below summarizes the significant intersections obtained in these structures in the last few weeks:
Hole | From (m) | To (m) | Width (m)* | Au Grade (g/T) | Zone |
WEST SECTOR | |||||
13-072 | 23.70 | 26.75 | 3.05 | 9.83 | E |
13-074 | 54.80 | 57.61 | 2.81 | 4.67 | M |
80.01 | 81.15 | 1.14 | 6.23 | M-1 | |
13-096 | 57.73 | 71.17 | 13.44 | 11.11 | M & E |
13-097 | 37.43 | 57.30 | 19.87 | 3.63 | M & E |
Incl. | 50.60 | 57.30 | 6.70 | 6.00 | M & E |
EAST SECTOR | |||||
13-077 | 114.45 | 117.17 | 2.72 | 11.24 | A |
13-079 | 140.21 | 146.46 | 6.25 | 6.57 | A |
13-080 | 120.73 | 124.15 | 3.42 | 7.60 | A |
13-081 | 129.18 | 130.25 | 1.07 | 6.58 | A |
14-002 | 67.06 | 74.98 | 7.92 | 8.04 | M & E |
14-003 | 84.28 | 86.39 | 2.11 | 11.62 | M |
14-005 | 125.78 | 127.08 | 1.30 | 14.90 | E |
14-007 | 70.29 | 75.59 | 5.30 | 8.67 | M |
14-008 | 83.82 | 85.03 | 1.21 | 24.60 | E |
14-009 | 74.9 | 76.53 | 1.63 | 15.56 | E |
14-019 | 59.44 | 61.87 | 2.43 | 3.95 | M |
14-023 | 78.49 | 82.96 | 4.47 | 7.13 | M |
14-024 | 66.83 | 69.24 | 2.41 | 4.82 | M |
14-026 | 108.41 | 111.35 | 2.94 | 26.73 | M |
14-027 | 90.63 | 91.44 | 0.81 | 23.40 | M |
14-030 | 104.34 | 107.24 | 2.90 | 7.00 | M |
* : Core length |
The true width is approximately 50 to 70% of the core length obtained in diamond drill holes aiming the western sector, and 70 to 90% in 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.