Bonterra Resources Inc (BTR)

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doogdilinger thank you, METANOR INCREASES TOTAL OUNCES IN NEW GOLD RESOURCE ESTIMATE AT BARRY PIT -


Publish on 06-23-2016
June 22, 2016 – Val-d'Or, Québec, Canada:

Metanor Resources Inc. (« Metanor ») (TSX-V: MTO)
has received an updated Mineral Resource estimate on its
Barry property located 116 km from the Bachelor mill.



The independent mineral resource estimate was prepared by GoldMinds
Geoservices Inc. (GMG) and update the previous resource estimate of
2010.
A technical report (NI43-101 compliant) will be available on
SEDAR within 45 days.

The new estimate is based on a total database of 1,100 diamond drill
holes and rock saw samples for 79,055 meters with 51,524 assays.

This update takes the 1 g/t range base case resource to 209,400 ounces gold in Measured category grading 1.21 g/t in 5.383 Million tonnes, 96,000 ounces gold in Indicated category grading 0.98 g/t in 3.037 million tonnes and 1.046 million ounces grading 1.02g/t Au in 31.92
million tonnes in inferred resources using a cut-off grade of 0.50g/t.

A total in-pit resources of 347,350 ounces at 2.07 g/t in 5.24 million
tonnes is calculated using parameters for direct shipping of
mineralized material to Bachelor Lake mill where 45% is in the measured
and indicated category and 55% is in the inferred category.

Highlights

Important increase in confidence level of the mineralization at Barry;
209,400 ounces in the measured category in the base case resource estimate above 0.5 g/t;
96,000 ounces in Indicated category in the base case resource estimate above 0.5 g/t;
1.046 million ounces in the inferred category in the base case resource estimate above 0.5 g/t;
347,350 ounces of inpit resources at 2.07 g/t in 5.24 million tonnes with a strip ratio of 2.29 to 1;
Deposit open in all directions;
Drill hole results of the 2013 campaign outside the Barry pit perimeters are not taken into account in the current inferred mineral resources;
Screen metallic samples for one mineralized zone shows 11% more gold than standard fire assay;
Higher gold grade mineralization occurs in Basalt on edges of Diorite as well as Feldspar Porphyry.
Cautionary statement:Mineral resources that are not Mineral Reserves do not have demonstrated economic viability.

The following tables show two global resource estimate scenarios, each with a different cut-off grade with capping at 35 g/t on assays, density to convert volume to tonne is 2.8. Rounded numbers, total may not add up.

Base case Mineral resources above 0.5 g/t

http://www.metanor.ca/en/index.php/press-releases/article/metanor-increases-total-ounces-in-new-gold-resource-estimate-at-barry-pit





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