Jan 21 2016
Metanor Resources Inc. is pleased to provide this update on its exploration drilling program conducted from the surface, on the Moroy property located near 1 km south of the Bachelor mine.
Following a geophysical survey completed in 2014 which identified potential targets on the properties surrounding the Bachelor Mine, two exploration programs were undertaken.
Initially, a diamond drill campaign began during the summer of 2015 which identified an important gold structure on the Moroy property (results were published in the last few months). This discovery confirmed the value of geophysical surveys on our mineralisation type.
Secondly, and in parallel to the drilling campaign, a geophysical survey was conducted at depth in previously drilled holes on the Moroy property by the specialised firm «Abitibi Geophysic Inc». The survey was conducted a few days before the discovery on the Moroy property, and after months of analysis, Metanor received the report. This induced polarisation survey detected the presence of four conducting anomalies. See the attached longitudinal section of the Moroy property looking north.
One of the anomalies of high intensity (A) is located on the extension at depth of the gold structure. A second anomaly of smaller dimension was detected near the surface directly in the gold structure. Positive drilling results near this C anomaly (See December 17th 2015 press release) confirms the discovery potential on the other three anomalies. The attached table shows the drilling results near the C anomaly. The other two anomalies are further to the east (B-D).
Source: http://www.metanor.ca/