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Metanor Resources Inc.
Summary
| Project: | Barry | |
|---|---|---|
| Deposit: | Barry | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 8-6-2017: Metanor Resources Inc. announces an Exploration/Drilling Update report for its Barry deposit at the Barry project. Drilling results incl. 15.1m @ 4.0g/t Au from 26.3m. June 8 th, 2017 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor" | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Pascal Hamelin (Internal) | |
| ABSTRACT: | June 8 th, 2017 - Val-d'Or, Quebec, Canada: Metanor Resources Inc. ("Metanor") (TSX - V: MTO) is pleased to provide an update on its ongoing surface drilling program at the Barry project in the Urban-Barry camp. Several new gold bearing shear zones have been identified below and outside of the Barry pit area as highlighted by drill hole MB-17-76 which intersected 9.9 g/t over 4 meters at over 200 meters below the Barry pit. Two primary gold bearing settings are the focus of this program being sub vertical high grade shear/vein systems and broader mineralized felsic intrusive contact zones near surface. The current program has attained its two main objectives of outlining new high grade gold bearing shear zones, and in increasing pit resources near surface. A new shear structure named «South Zone» identified the plan view below, is located 75 m south of the pit, and shows continuity over 300 m along strike, and 250 m vertically. A minimum of 5 parallel shear zones have been identified so far and remain open along strike and to depth. The high grade gold bearing zones are associated with quartz-pyrite veins in narrow shear structures. These shear zones generally host high gold grades in narrow (1 to 5 m) widths as compared to the broadly mineralized lower grade zones that were mined in the past by open pit methods. These shear zones were recognized this year as having substantial potential to add new resources outside of the proposed pit as described in the preliminary economic assessment published in September 2016. The next portion of our drill campaign at the Barry project will focus on identifying and defining more high grade shear zones in and around the Barry pit area. | |
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