V.MTO | 3 hours ago
VAL-D'OR, QUEBEC--(Marketwired - Oct. 31, 2016) -
Metanor Resources Inc.
("Metanor") (TSX VENTURE:MTO) is pleased to announce that it has
intersected 70.9 g/t Au over 2.6 meters in the Moss Sector located
north-east of the Barry property and south-west of the Windfall
property belonging to Osisko Mining.
This drill hole intersects two gold bearing zones associated with
sulphide (15%) in proximity to a regional fault.
As per the drill holes, this dominant geological structure has a
minimal length of 6 km, toward the Windfall property belonging to
Osisko Mining.
A segment of 3 km of this structure extends on the Barry property
belonging entirely to Metanor Resources.
See attached figure.
The drill results obtained thus far show high gold values and more assay results are pending. In addition, the drill campaign continues in the Moss Sector.
Hole No from (m) to (m) length (m)* grade Au (g/t) Zone
BE-16-09 248.4 250.6 2.2 9.2 Moss
BE-16-09 328.9 331.5 2.6 70.9
(*) Core length
A figure is available at the following link :
http://media3.marketwire.com/docs/1074439.jpg
True widths of the new exploration intercepts reported in this press
release have yet to be determined.
Additional drilling is planned for the immediate area which will enable
the true width determination.
Assays are uncut except where indicated.
The Company uses a rigorous, industry-standard, QA/QC program.
The samples were assayed by fire-assay at the Metanor assay lab.
Blanks, duplicates and certified reference standards are inserted into
the sample stream to monitor laboratory performance.
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 ALS-certified assay
laboratory in Val-d'Or, Québec.
Results of the spot checks were consistent with those reported.
Qualified Persons
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 and Forward-Looking Statements
This press release includes certain statements that may be deemed
"forward-looking statements". ---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.
Ronald Perry, Vice-president
514-262-8286
rperry@metanor.ca
http://www.b-tv.com/metanor-resources/
Read more at
http://www.marketwired.com/press-release/metanor-intersects-709-g-t-au-over-26-m-on-barry-property-adjacent-osisko-minings-windfall-tsx-venture-mto-2171021.htm
http://www.metanor.ca/en/propriete/barry/
http://www.canadianminingjournal.com/news/gold-metanor-announces-positive-pea-on-its-barry-gold-project-npv-of-53-5-m-and-irr-of-198-before-taxes/
https://www.caesarsreport.com/category/old-companies/metanor-resources/
http://www.stockhouse.com/news/press-releases/2016/10/31/metanor-intersects-70-9-g-t-au-over-2-6-m-on-the-barry-property-adjacent-to#HI7JG4i5cGBbtSJD.99
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125331550
- God Bless -
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