TSX VENTURE EXCHANGE: MTO
VAL-D'OR, QC, Oct. 10 /CNW Telbec/ - Metanor Resources Inc. (MTO: TSX-V)
is pleased to announce the beginning of a bulk sampling at the Barry deposit.
The bulk sample is designed to determine the main economic parameters of the
deposit. The first blasted area in the northeast extremity of the Barry
deposit produced mill-feed material which will be carried to the Bachelor
Metanor initiated bulk sampling of the Barry deposit with a 2,700 tons
blast covering an area of 22m X 15m in the northeast extremity of the stripped
area. A wide mineralized quartz vein occurring in this area returned 10.74 g/t
Au over 2.5m in channel samples and a total of 545 tons of this material was
extracted as mill-feed to be sent to the Bachelor site. A second blast
covering an area of 12m X 22m in mineralized zones immediately to the west
totalled 2,400 tons of mill-feed material evaluated at 4.10 g/t Au using
channel samples across these mineralized structures on surface. Four northwest
striking lines 5m spaced were channel sampled and returned intersections of
4.0 g/t Au over 10m, 4.15 g/t Au over 9.8m, 3.05 g/t Au over 10.9m and
7.05 g/t Au over 5.3m.
Approximately 5,100 tons of material was broken in the first two blasted
areas resulting in 2,150 evaluated tons of waste and 2,950 evaluated tons of
mill-feed. The waste will be stored on a separate waste pile established at
the Barry site and this mill-feed will be transported to the Bachelor site. A
total of 2,950 tons of mill-feed material was produced after the first and the
second blast and it represents approximately 58% of the broken material. The
grade of this mill-feed material was calculated using channel sampling at
4.33 g/t Au. Transportation of this material to the Bachelor site should be
initiated early this week.
The Barry property is located in the Urban-Barry belt, approximately
65 kilometres south-east of the Bachelor Lake Mine and consists of 206 claims
covering 3276 hectares. The Gold Resources for the Barry deposit were
re-evaluated by Systèmes Géostat International Inc. in compliance with NI
43-101 and are now estimated with a 2 g/t Au Cut-off at 385,000 mt at 4.23 g/t
Au (52,300 oz) of indicated resources and 966,000 mt at 4.07 g/t Au (126,600
oz) of inferred resources (Press release of may 8, 2007).
Metanor is presently working to rehabilitate the surface installations,
including the Mill and the tailings. Internal components of the initial
circuit including the crusher, ball mill and conveyors carrying the material
up to the ore bin are ready to proceed with the material from Barry. Intense
work is being executed on site to complete rehabilitation of the other
internal components of the mill during the next weeks.
Metanor is fully satisfied with all the work already completed on the
Bachelor and the Barry projects and the work progress is according to the
originally planned schedule. Intense surface sampling is continuing at the
Barry deposit and other blasts are already in preparation.
Mr. André Tremblay, P Eng. is the qualified person pursuant to National
Instrument 43-101 and supervised the technical information presented in the
The TSX Venture Exchange does not accept any responsibility for the
adequacy or the accuracy of the press release.
For further information:
For further information: Serge Roy, President, (819) 825-8678; Renmark
Financial Communications Inc.: Jason Roy, email@example.com; Jen
Power, firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717,