May 20 2016
Metanor Resources Inc. (Metanor) is pleased to announce the complete results from the diamond drilling campaign recently completed at the Barry property located 116 km from the Bachelor mill. A total of 1,370 meters were drilled during this campaign.
- 2.3 g/t Au over 60m in hole MB-16-11, east extension of the main pit;
- 1.3 g/t Au over 55m in hole MB-16-10, east extension of the main pit.
- 4.6 g/t Au over 18m in hole MB-16-11;
- 3.7 g/t Au over 12m in hole MB-16-10.
These last results, from holes MB-16-10 and MB-16-11, confirm the extension of the main pit to the south-east, with grades and thicknesses favorable to open pit extraction.
The drill campaign of spring 2016 at Barry met its objectives; to extend the mineralized zones and to validate zones at higher grades in the new mineralisation model proposed by Claude Duplessis, Ing., the qualified person from Goldminds Geoservices. The next step is to estimate the mineral resources from the new interpretation. Metanor is currently considering an additional drill campaign of 15,000m on the extensions of the pits due to the potential of a major pit.
Ghislain Morin, president and chief executive officer, declared: « We are very happy with the results of this campaign and we will rapidly take the required steps to validate the restart of operations on the Barry property.
Complete results of the spring 2016 program at Barry:
GoldMinds estimates that the mineralized intercepts' true thicknesses are 85 to 95% of the drill cores. No capping was used. A rigorous, industry-standard, QA/QC program is in place. 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 independent quality control program of the assay results (QA/QC) adopted by GoldMinds includes a minimum of 5% of controlled core & assays being conducted by an independent ALS-certified assay laboratory in Val-d'Or, Québec. Actual QA/QC results demonstrate results can be disclosed and relied upon
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.
Claude Duplessis, P. Eng., from GoldMinds Geoservices Inc. is the independent Qualified Person under NI 43-101 which has prepared and reviewed the technical information contained in this news release.