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Metanor Resources Inc.
Summary
| Project: | Barry | |
|---|---|---|
| Deposit: | Barry | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-11-2016: Metanor Resources Inc. announces an Exploration/Drilling Update report for its Barry deposit at the Barry project. Drilling results incl. 16.70m @ 4.25g/t Au from 187.00m. November 15, 2016 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ( | |
| Resources: | (Resource, M+I): 2.49Mt @ 1.52g/t Au for 122000oz Au contained | |
| CP/QP: | [Overall Report]: Claude Duplessis, Pascal Hamelin (GoldMinds Geoservices Inc.;not stated) | |
| ABSTRACT: | November 15, 2016 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ( "Metanor") (TSX-V: MTO) is pleased to announce preliminary results from its 10,000 meter drilling campaign currently underway at the Barry project near the old pits. This drill program, targeting the area covered by the mining lease, aims to delineate the extensions to the west, south-west, and to validate the geometry of the mineralized materials north of the regional shear Urban-Barry. Results from 13 new drill holes are reported in this press release. The holes 16, 19, 20, 21, and 22 were drilled north of the existing pits. The holes 17 and 18 were drilled to west of the pits, and the holes 23 to 28 were drilled to the south-west of the pits. See attached diagram. The holes 16, 19, 20, 21, and 22 that were drilled to the north tend to demonstrate that the mineralization may not be oriented the same way north of the pits. Hole 20 did not intersect the gold intersected by hole 19. The holes 16, 21, and 22 did not intersect significant values. Additional holes in a different direction should be drilled to validate this possibility. The holes 17 and 18 drilled to the West intersected interesting mineralization near surface in relation to the presence of a porphyry intrusive below another porphyry. This sector is open to the West and at depth. The holes 23 to 28 located south-West from the pits intersected the mineralization on the contact of the intrusive. Only hole 25 did not intersect mineralization because it was too shallow, and it should be extended eventually. These new holes confirm the extension of a zone at least 250 meters along strike by 200 meters along dip direction. The zone is open in all direction. | |
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