Mr. Pascal Hamelin reports
METANOR INTERSECTS 8.4 G/T AU OVER 5.5 METRES AT MOROY
Metanor Resources Inc. has released the drill results from the continuing underground drill campaign at the Moroy zone, including new high-grade results of 8.4 grams per tonne gold over 5.5 metres, 11 g/t Au over four metres and 10.7 g/t Au over 4.4 metres. These new results demonstrate the high-grade continuity to the Moroy zone along strike to the east.
Highlights from new drill holes include:
MY18-063 -- from 140.2 metres to 145.7 metres, 8.4 g/t Au over 5.5 metres (intermediate volcanic rock, moderate-pervasive hematite alteration with local weak epidote alteration, 0.5 per cent to 1 per cent disseminated fine pyrite);MY18-054 -- from 87.8 metres to 92.2 metres, 10.7 g/t Au over 4.4 metres (sheared intermediate volcanic rock, weak- to moderate-pervasive hematite alteration, trace disseminated fine pyrite);MY18-070 -- from 140.5 metres to 144.5 metres, 11 g/t Au over four metres(intermediate volcanic rock, moderate- to strong-pervasive hematite alteration, 0.5 per cent to 1 per cent disseminated fine pyrite).
Highlights of the last 36 drill holes that intersected gold mineralization are provided in the attached table.
Hole From (m)To (m)Length (m)Au (g/t)MY18-023 TraceMY18-024 TraceMY18-025 TraceMY18-026 TraceMY18-027 TraceMY18-029 TraceMY18-030 376.2 377.8 1.6 8.5 MY18-031 TraceMY18-035 250.2 251.0 0.811.3and272.1 273.0 0.9 2.7 MY18-036 TraceMY18-037 417.7 419.1 1.4 3.8 MY18-038 234.8 237.2 2.4 6.1 and424.2 426.7 2.5 7.2 MY18-039 437.9 439.5 1.6 6.5 MY18-040 206.1 207.4 1.3 2.5 and439.8 441.4 1.6 0.3 MY18-041 Traceand257.2 257.8 0.6 4.9 MY18-042 367.8 368.9 1.1 6.0 and428.1 430.7 2.6 0.5 MY18-043 441.6 442.3 0.712.6MY18-044 445.7 446.5 0.8 0.3 MY18-053 122.0 123.3 1.410.3MY18-05487.892.2 4.410.7and115.9 116.5 0.6 8.1 MY18-055 123.9 125.3 1.4 3.5 MY18-056 130.3 131.4 1.2 1.5 MY18-057 131.1 133.0 1.9 5.4 MY18-058 137.7 139.3 1.6 3.5 MY18-059 121.0 124.3 3.2 5.1 MY18-06098.299.4 1.2 4.5 and124.4 126.8 2.4 6.4 MY18-061 TraceMY18-06261.563.0 1.4 4.6 and142.7 145.6 2.9 6.4 MY18-063 140.2 145.7 5.5 8.4 MY18-064 138.0 140.0 2.0 5.6 MY18-065 134.6 139.7 5.1 4.3 including134.6 136.2 1.6 7.5 and104.1 108.0 3.9 7.6 MY18-066 TraceMY18-067 135.6 140.6 5.1 6.0 MY18-068 149.2 152.4 3.2 4.5 MY18-069 144.0 145.7 1.7 6.1 MY18-070 140.5 144.5 4.011.0Stated intervals are core lengths as drilled. True thicknesses vary and average between 65 per cent to 80 per cent of core lengths.
Metanor continues to explore at the Moroy zone with one underground diamond drill rig completing 50-foot stepouts. The first part of the ore sill and haulage drift is now complete. The ore drift will be pushed eastward along strike. Metanor has also completed two raises up to the second sublevel. This development into the Moroy zone will provide additional ore for daily gold production.
Quality control and reporting protocols
Metanor estimates that the actual thicknesses of the mineralized intersections are between 65 per cent and 80 per cent of the core lengths. No capping grade is used at this stage. The company uses a rigorous quality assurance/quality control analytical program according to industry standards. The analytical results were done by pyroanalysis (AA) at the mine laboratory. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The company's quality assurance/quality control analytical verification program requires that a minimum of 5 per cent of the samples be audited at an independent laboratory. These audit assays were sent to ALS laboratory located in Val d'Or, Que. The results of the audits are consistent with those obtained.
About the Bachelor mine
The Bachelor mine produces gold from a mineralized subvertical narrow vein system. The Moroy zone is a south-parallel system to the Bachelor mine. New development and drill programs are currently being conducted on the Moroy zone. Mine methods used are long-hole mining with rail-track access from a vertical shaft, and the new sublevel Sector 14 is accessible from a ramp system. The ore is processed on site at the Bachelor processing plant using the activated carbon process. The mill is on site and accessible by a paved road..
Qualified person
Pascal Hamelin, PEng, president and chief operating officer, is the qualified person under National Instrument 43-101 who is responsible for reviewing and approving the technical information contained in this news release.
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