January 23, 2014 – Val-d’Or, Quebec, Canada: Metanor Resources Inc. (“Metanor”) (TSX – V: MTO) is pleased to release this update relating to the development of the “Main” zone towards the west, following the results from the ongoing underground drilling program (see press release issued January 16th2014).
In the last few weeks, Metanor has been developing a drift on level 14 towards the area identified by the drill results. Metanor can now confirm that the «Main» zone extends further west. While excavating the drift, the operations followed a continuous gold structure over 33.5 meters long by 2.5 meters wide grading 10.7 g/T.
On the adjacent plan, the stopes C-14-01 and C-14-03 correspond to the resources and reserves published in the 2011 43-101 Technical Report. Metanor will begin mining the first of the two stopes this quarter.
Development will continue towards the west as the structure is open to the west, up and down. The drilling results demonstrate that this new mineral structure extends over 100 meters to the west. Metanor will continue to release the results from its development and the underground drilling program at its Bachelor mine to extend the known mineralized zones and increase the mineral resources.
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.
Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Ronald Perry, Vice-President
2872, Sullivan, suite 2
Val-d’Or, Québec J9P 0B9
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