More MTO Drill Results
posted on
Jan 13, 2010 01:11PM
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.
From Yahoo -
VAL-D'OR, QUEBEC, CANADA--(Marketwire - 01/13/10) - Metanor Resources Inc. (TSX-V:MTO - News) is pleased to announce new results of the drilling campaign executed on the Barry property which continues to extend mineralized zones of the Center Zone located between Zone 43 and the West Zone. The current drilling campaign extended the Main zone on the Footwall of the deformation corridor and zone 43-Central on the Hanging wall of this corridor, and to define gold bearing mineralized lenses between these two zones (Inter Zones).
Diamond drill hole MB-09-483 intersected on section 780 E a wide sheared and mineralized zone which coincides with the Main Zone and returned at a vertical depth of 70m below surface a gold intersection of 2.33 g/t Au over 39.3m including 3.42 g/t Au over 22.4m and 3.68 g/t Au over 5.0m (Main Zone).
� --------------------------------------------------------------------------- Section DDH Zone Elevation From (m) To (m) Width (m) Au (g/t) --------------------------------------------------------------------------- 760E MB-09-481 South -10m 15.0 18.0 3.0 4.42 And Main -80m 105.0 121.63 16.63 4.02 780 E MB-09-483 63.1 102.4 39.3 2.33 Including Main -70m 80.0 102.4 22.4 3.42 And Main -75m 97.4 102.4 5.0 3.68 816E MB-09-422 Center 12.25 21.5 9.25 2.26 Including -12m 18.5 21.5 3.0 4.73 830E MB-09-477 Center -65m 84.65 92.35 7.7 6.41 And Main -100m 136.50 138.75 2.25 3.69 840E MB-09-442 Inter -75m 75.5 87.5 12.0 2.22 Including 75.5 80.65 5.15 4.16 870E MB-09-468 Center -55m 75.75 77.5 1.75 3.22 And Inter -75m 96.8 105.0 8.20 4.09 Including 97.5 104.1 6.60 4.79 880E MB-09-470 Center -58m 72.35 84.5 12.15 2.46 Including 74.5 83.0 8.5 3.20 And Main -115m 158.7 162.25 3.55 5.96 890E MB-09-471 Center -22m 27.5 36.1 8.6 3.67 1050E MB-09-396 43-Center -25m 30.5 35.0 4.5 2.97 --------------------------------------------------------------------------- And Inter -50m 57.5 60.5 3.0 4.44 ---------------------------------------------------------------------------
Results obtained with this diamond drilling campaign carried out mainly on the mineral-bearing zones of the Central zone located at approximately 80 meters to the south of the main zone confirm the potential to define new resources in each gold bearing zone in the deformation corridor which crosses the Barry property. Other assay results are still pending.
The true width is approximately 85 to 90 % of the core length obtained in diamond drill holes. Analyses were performed by fire assay at the Bachelor Mine laboratory with verification of some samples at the ALS Assay Laboratory in Val-d'Or, Quebec.
Mr. Andre Tremblay, P Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Metanor Resources Inc.
Andre Tremblay
VP Exploration
819-825-8678
819-825-8224 (FAX)
info@metanor.ca
www.metanor.ca