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Metanor Resources Inc.

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Summary

Project:

Bachelor Mine

Deposit:Bachelor Mine
Location:Canada
Commodities:Gold
Date:2/2/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:2-2-2017: Metanor Resources Inc. announces an Exploration/Drilling Update report for its Bachelor Mine deposit at the Bachelor Mine project. Drilling results incl. 7.6m @ 9.6g/t Au from 80.2m. Metanor Resources Inc. ("Metanor") (TSX - V: MTO) is pleased t
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Pascal Hamelin (Internal)
ABSTRACT:Metanor Resources Inc. ("Metanor") (TSX - V: MTO) is pleased to provide an update on its ongoing underground drilling program at the Bachelor Mine. Underground drilling from below level 14 continues to intersect the main vein at depth below the current ore body. The longitudinal section below shows the intercept and demonstrates the potential extension of the main vein at depth. Furthermore, 3 holes drilled west of a fault have also intersected the main vein at depth further defining what could prove to be a promising area for ongoing resource growth at the mine. Future drilling will continue to focus on these 2 areas at depth as the ramp progresses deeper. Metanor estimates that the mineralized intercepts true thicknesses are 55% to 70% of the drill core intercepts reported. Grades were capped at 31 g/t. The Company employs a rigorous, industrystandard, QA/QC program. The samples were assayed by fire-assay at the Metanor assay lab. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. 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 ALScertified assay laboratory in Val-d’Or, Québec. Results of the spot checks were consistent with those reported.

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