METANOR EXTENDS ITS «A» VEIN BY INTERSECTING 9.5 g/T OVER 10.1 METERS AT BACHELOR

March 31, 2014 – Val-d’Or, Quebec, Canada: Metanor Resources Inc. (“Metanor”) (TSX – V: MTO) is pleased to provide this update on the ongoing underground drilling program at Bachelor Mine.

 

Four diamond drills are presently operating underground with over 2,500 metres drilled per month.  On March 13th, the company issued the results from the drill located on level 14.  Today, Metanor releases the results from the other three drills located on levels 5, 8, and 12.  The results from the exploration drilling on level 5 confirms the extension of the «A» vein north of the shaft between levels 5 and 6 where the vein was identified from the drift development on these levels.

 

The drillings completed on levels 8 and 12 allow better definition and increase the resources in the Hewfran East and Main zones for production in the coming months.

 

The table below summarizes the significant intersections obtained in the last few weeks for these sectors:

Hole N°

From (m)

To (m)

Length (m)

Grade Au (g/T)

Zone

5A-63

81.7

84.6

2.9

4.3

A

5A-69

63.7

65.4

1.7

4.2

A

5A-70

69.2

72.5

3.4

5.0

A

5A-72

64.9

67.9

3.0

4.4

A

5A-73

67.9

78.0

10.1

9.5

A

5A-74

76.8

79.3

2.5

5.7

A

5A-75

72.0

81.3

9.4

4.1

A

5A-76

85.0

89.6

4.6

17.3

A

5A-78

92.2

99.2

7.0

8.9

A

8-001

56.4

60.0

3.6

7.2

Hewfran East

8-002

57.9

60.0

2.1

5.6

Hewfran East

8-003

63.3

65.0

1.7

16.4

Hewfran East

8-004

72.1

75.1

3.0

13.1

Hewfran East

8-005

64.7

66.8

2.1

9.7

Hewfran East

8-006

63.0

65.2

2.2

10.0

Hewfran East

8-007

76.2

78.4

2.2

4.3

Hewfran East

8-008

59.8

60.8

1.0

11.1

Hewfran East

12-211

28.5

36.2

7.7

8.9

Main

12-213

29.8

34.8

5.0

16.3

Main

53.4

55.4

2.0

5.4

?

12-215

28.5

30.0

1.5

6.4

?

51.5

54.4

2.9

11.3

Main

12-216

50.1

54.5

4.4

8.1

Main

12-218

33.1

35.8

2.7

11.8

Main

12-219

28.4

32.4

4.0

12.2

Main

12-221

23.5

26.0

2.5

16.7

Main

12-223

28.0

29.2

1.2

4.8

Main

12-224

19.3

21.5

2.2

5.3

Main

12-225

28.0

28.8

0.8

5.9

Main

12-227

15.8

18.8

3.0

15.8

Main

True core length.

The true width is between 50 and 80% of the core length obtained in diamond drill holes.  The cut-off grade used in the analysis is 51.5 g/T or 1.5 oz Au.  The samples were assayed by fire-assay at the Metanor assay lab. The quality control program of the assay results (QA QC) adopted by Metanor includes a minimum of 10% of controlled assays being conducted as well as verification by an independent external assay lab.

 

About Metanor

 

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.

Qualified Person

 

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

Contact: 514-262-8286

Email: rperry@metanor.ca

2872, Sullivan Road, suite 2

Val-d’Or, Québec J9P 0B9

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