Mr. Pascal Hamelin reports
METANOR INTERSECTS 5.0 G/T AU OVER 12.1 METRES AT BARRY
Metanor Resources Inc. has provided drill results from the continuing drill campaign at Barry, including new high-grade results of 15.7 grams per tonne gold over 2.4 metres, 14.6 g/t Au over 1.8 metres, 12.2 g/t Au over 2.7 metres and 14.2 g/t Au over 1.2 metres. These new drill holes were designed to infill the southeastern portion at depth and to test the felsic intrusive on the western extent of the deposit. Current drilling has demonstrated the continuity and predictability of its shear-hosted gold deposit for over 1.1 kilometres in strike length.
Highlights from new drill holes include the following.
MB-18-185
From113.5 m to 125.6 m -- 5.0 g/t Au over 12.1 m;Including 113.5 m to 115.9 m -- 15.7 g/t Au over 2.4 m;Including 120.6 m to 122.0 m -- 13.3 g/t Au over 1.4 m;Sheared basalt zones with silica-sericite-biotite alteration, quartz stockwork, 2 per cent pyrite and 6 per cent pyrrhotite.
MB-18-184
From330.6 m to 332.4 m -- 14.6 g/t Au over 1.8 m;Massive basalt with quartz-carbonate stringers, chlorite-carbonate-biotite alteration and 1 per cent pyrite.
MB-18-176
From387.0 m to 389.7 m -- 12.2 g/t Au over 2.7 m;Quartz feldspar porphyry host in contact with basalt displaying chlorite-sericite alteration, 1 per cent pyrite and visible gold grains.
MB-18-167
From323.1 m to 324.2 m -- 14.2 g/t Au over 1.1 m;Basalt host proximal to contact with felsic porphyry with breccia textures, numerous quartz-carbonate veinlets and 1 per cent pyrite.
MB-18-173
From376.2 m to 380.2 m -- 5.7 g/t Au over 4.0 m;Including 376.2 m to 377.4 m -- 14.2 g/t Au over 1.2 m;Fine-grained basalt with small visible shears, quartz-carbonate veinlets and 1 per cent pyrite.
MB-18-175
From476.2 m to 478.0 m -- 7.5 g/t Au over 1.8 m;Intermediate basalt host with tuffaceous textures, sericite-silica alteration, multiple visible shears with quartz-carbonate veinlets and 1 per cent pyrite.
Highlights of the last 24 drill holes that intersected multiple shears include those in the table.
Hole No. From (m)To (m)Length (m)Grade Au (g/t) MB-18-161227.2 231.5 4.3 5.6MB-18-162286.0 286.5 0.5 5.1 401.4 402.4 1.0 6.1MB-18-163134.8 135.4 0.6 3.6 410.6 412.8 2.2 3.3MB-18-164116.7 117.3 0.6 5.5 120.8 124.7 3.9 3.6MB-18-165160.0 160.8 0.8 7.2 438.8 440.5 1.7 3.5MB-18-166 97.098.3 1.3 3.1 139.7 141.5 1.8 5.5 275.4 277.3 1.9 7.5MB-18-167323.1 324.2 1.114.2625.2 626.1 0.9 5.0MB-18-168210.2 212.2 2.0 2.8MB-18-169 53.854.3 0.510.8 57.858.4 0.6 4.074.575.5 1.0 7.5MB-18-170 41.542.9 1.4 5.1 302.5 304.8 2.3 5.2 357.9 360.3 2.4 2.5 438.8 440.2 1.4 3.9MB-18-171352.7 355.3 2.6 3.4MB-18-172281.1 282.9 1.8 4.9 346.0 346.5 0.5 5.7 383.0 385.0 2.0 3.3 388.0 393.2 5.2 2.9 613.0 614.0 1.0 3.2 617.7 620.0 2.3 5.0MB-18-173261.3 263.3 2.0 2.3 376.2 380.2 4.0 5.7including376.2 377.4 1.214.2460.3 463.6 3.3 3.1 465.6 466.4 0.8 6.1MB-18-175274.1 275.1 1.0 3.1 393.0 394.3 1.3 5.7 476.2 478.0 1.8 7.5MB-18-176387.0 389.7 2.712.2418.7 419.2 0.5 3.5MB-18-177231.5 232.0 0.5 6.6 426.7 427.7 1.0 6.6MB-18-178 79.080.0 1.0 3.4MB-18-179319.9 321.1 1.2 5.4 339.2 341.2 2.0 7.8MB-18-180390.0 392.4 2.4 7.3 517.2 518.0 0.8 4.5 697.7 699.8 2.1 5.3MB-18-181 62.265.3 3.1 3.0 294.5 296.0 1.5 3.0MB-18-182 43.344.5 1.0 5.0MB-18-183 93.395.3 2.0 5.7 102.7 103.3 0.6 6.2MB-18-184281.4 282.2 0.815.3330.6 332.4 1.814.6410.9 412.5 1.6 5.7MB-18-185 98.8 101.5 2.7 6.2 113.5 125.612.1 5.0including113.5 115.9 2.415.7 including120.6 122.0 1.413.3 * Stated lengths are core width as drilled, true widths vary and average between 70 and 95 percent of drilled widths.
The development of the Barry ramp is progressing on schedule with approximately 130 metres of ramp advancement to date. The ramp will provide access to both underground drill bays and extraction ofthe bulk sample program in Q4 2018.
Quality control and reporting protocols
Metanor estimates that the actual thicknesses of the mineralized intersections are between 70 per cent and 95 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 QA/QC 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.
The Barry project
The Barry project is located in the Urban-Barry camp, 110 kilometres east from the city of Lebel-sur-Quevillon and 110 km south of the Bachelor mill. Six hundred twenty-four thousand four hundred fourteen tonnes of ore grading 2.2 g/t Au for 43,970 ounces were extracted from three small pits between 2008 and 2010. A drilling campaign is under way at the Barry property to increase mineral resources below the pits in multiple high-grade shear zones and to proceed with an underground bulk sample program The gold mineralization at the Barry project is structurally controlled and is hosted in a sheared basalt containing quartz-carbonate-albite veins with pyrite. Metanor has identified three main subvertical shear zones and approximately 10 secondary lower-dipping tension veins. These structures are open in all directions.
Qualified persons
Pascal Hamelin, PEng, president and chief operating officer, is the qualified person under NI 43-101 who is responsible for reviewing and approving the technical information contained in this news release.
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