Mr. Pascal Hamelin reports
METANOR INTERSECTS 7.4 G/T AU OVER 4.4 METRES AT THE BARRY PROJECT
Metanor Resources Inc. has released drill results from the continuing drill campaign at the Barry project, including new high-grade results of 7.4 grams per tonne gold over 4.4 metres, 7.1 g/t Au over 4.2 metres, 9.4 g/t Au over 2.9 metres and 8.2 g/t Au over 2.6 metres. These new drill holes were designed to expand the deposit westerly and at depth, which continues to demonstrate strong continuity to the mineralized system.
Highlights from new drill holes include:
MB-18-195 from 226.8 metres to 238.4 m --3.7 g/t Au over 11.6 m: Including 226.8 m to 231.2 m -- 7.4 g/t Au over4.4 m;Sheared basalt zones with, quartz stockwork, 2 per cent pyrite multiple visible gold grains. MB-18-191 from 193.8 m to 198.0 m --7.1 g/t Au over 4.2 m: Massive basalt with local shearing, quartz-carbonate stringers, chlorite-carbonate alteration and 1 to 2 per cent pyrite. MB-18-194 from 151.4 m to 154.0 m-- 8.2 g/t Au over 2.6 m: Basalt host with quartz stockwork, chlorite-carbonate-biotite-albite alteration and 1 per cent pyrite.
HIGHLIGHTS OF THE LAST 10 DRILL HOLES THAT INTERSECTED MULTIPLE SHEARS HoleFrom To Length Grade AuNo.(m)(m)(m)(g/t)MB-18-186156.8161.04.22.8including156.8157.60.8 10.5 213.6216.42.84.9 239.1240.91.83.9MB-18-187178.0179.71.79.8 196.5197.10.63.3MB-18-188145.5147.62.17.4 293.5294.51.0 16.3 305.6307.21.63.8MB-18-189143.3144.31.03.0 169.6171.51.94.2 179.3180.31.03.0 202.3206.84.52.2 220.0220.60.65.7 341.9344.02.13.8MB-18-190232.0233.81.82.6 370.5373.53.02.3MB-18-191193.8198.04.27.1 207.5210.42.99.4 264.0265.61.63.1 285.8287.92.15.0MB-18-193336.8337.30.56.0MB-18-194151.4154.02.78.2 183.5186.53.04.3 231.3231.90.67.4MB-18-195215.5217.01.53.5 226.8238.4 11.63.7including226.8231.24.47.4MB-18-196231.5232.61.15.9 264.3264.80.57.1 318.5321.53.02.6* Stated lengths are core width as drilled, true widths vary and average between 70 and 95 per cent of drilled widths.
The development of the Barry ramp is progressing on schedule with approximately 300 metres of advancement to date. The ramp will provide access to both underground drill bays and extraction of the bulk sample program in the fourth quarter of 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 QA/QC 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 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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