TSX VENTURE EXCHANGE: MTO
VAL-D'OR, QC, Oct. 23 /CNW Telbec/ - Metanor Resources Inc. (MTO: TSX-V)
is pleased to announce that channel sampling executed in the northeast
extremity of the stripped area at the Barry deposit returned higher gold
grades than anticipated.
Metanor initiated bulk sampling of the Barry deposit in the northeast
extremity of the stripped area where extensions of the original stripped zone
to exposed wide sheared and mineralized volcanic rocks injected with a well
developed quartz vein system. The first three blasts in this area established
the starting point of this bulk sampling and results from the first four
northwest striking lines 5m spaced were used to evaluate grades of broken
material and selection of mill-feed material for transportation to their mill
at the Bachelor Lake mine site.
Results of the first 6 lines completed and sampled in the northeast area
confirmed the continuity toward northeast of all the mineralized zones with
higher gold grades than anticipated, and indicate the widening of auriferous
zones toward the southwest. This area was partially exposed in 2006 and
channel sampling has revealed intersections of 2.25 g/t Au over 9.45m on
L12+00E and 2.92 g/t Au over 7.25m on L11+85E. The stripped zone was extended
to better expose all the mineralized zones in this area and to better evaluate
their gold content by sampling. Channel sampling of the first 6 lines (L12+08E
to L11+85E) returned higher gold grades on wider mineralized intersections.
Gold content increased approximately of 65% on L12E and L11+85E, while the
width of the mineralized intersections increased of 35% on L12E and 300% on
Lines From To Intersections
L12+08E 9+15.6N 9+20.9N 7.05 g/t Au over 5.3m
L12+05E 9+12N 9+22.9N 3.05 g/t Au over 10.9m
L12+00E 9+10N 9+22.8N 3.74 g/t Au over 12.8m
L11+95E 8+96N 9+14N 3.95 g/t Au over 18.0m
L11+90E 8+96N 9+17.4N 2.31 g/t Au over 21.4m
L11+85E 9+07N 9+36.7N 4.84 g/t Au over 29.7m
All the samples were collected on lines perpendicular to the strike of
mineralized zones dipping 60 to 65 degrees to the southeast. The width of
these intersections obtained on surface represents approximately 85 to 90% of
the true width of mineralized zones. All the samples were sent to ALS Chemex
laboratory in Val-d'Or for analysis by fire assay (A.A.) with gravimetric
finish on all the samples greater than 3 g/t Au.
Intense surface sampling of all the newly exposed areas is continuing at
the Barry Open Pit and a few other blasts are already in preparation for this
week. Transportation of all the mill-feed material and stockpiling to the
Bachelor site will also continue 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 continues working hard to rehabilitate surface installations,
including the Mill and the tailings of the Bachelor Mine. Last week Metanor
initiated commissioning of the initial circuit of the Mill including crusher,
ball mill and conveyors carrying the material up to the ore bin. Material from
Barry was used during this successful operation. Other internal components of
the mill will be ready during the next weeks.
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, firstname.lastname@example.org; Jen
Power, email@example.com, (514) 939-3989, Fax: (514) 939-3717,