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Metanor Resources Inc.
Summary
| Project: | Barry | |
|---|---|---|
| Deposit: | Barry | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-8-2017: Metanor Resources Inc. announces an Exploration/Drilling Update report for its Barry deposit at the Barry project. Drilling results incl. 8.2m @ 7.1g/t Au from 389.3m. August 28th, 2017 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Hamelin (Internal) | |
| ABSTRACT: | August 28th, 2017 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor") (TSX - V: MTO) is pleased to provide this update on its ongoing surface drilling program at the Barry project located in the Urban-Barry camp. Over the past three months, the focus has been on verifying the extension of several gold bearing shear zones identified below and located outside the Barry pit area. The current program has attained its main objective of outlining the high-grade gold bearing shear zones. Since the last press release issued June 8 th, 2017, 21 holes have been drilled and assayed and they have all intersected multiple shears at various depth. The upcoming phase of the drill campaign at the Barry project will continue to focus on identifying and extending more high-grade shear zones. Two drill rigs are currently on site. A third drill is dedicated to the Moss area located halfway between the Barry project and the Windfall deposit belonging to Osisko Mining. In addition, Metanor is following through the permit issuing process for the construction of a larger permanent camp to accommodate an increased workforce allowing for the beginning of ramp excavation construction to access underground multiple shear zones below surface. The Barry project is located in the Urban-Barry mining camp, 110 km east from the city of Lebelsur-Quévillon. 624,414 tonnes of ore grading 2.2 g/t for 43,970 ounces were extracted from 3 pits between 2008 and 2010. A positive preliminary economic assessment was published in 2016 demonstrating economic potential of the open pit mine gold extraction. A drill campaign is underway at the Barry property to increase mineral resources below the pit, and eventually, proceed with an underground bulk sample, before completing a prefeasibility study | |
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