Update on Metanor Resources TSXV-MTO Drill Results

Metanor Resources has been consistently releasing drill results throughout June. Here is a briefed summary of these results (go to www.metanor.ca for complete news releases):

White LogoJuly 2, 2015 – Metanor Intersects 6.82 g/t Gold Over 8.7m at Bachelor Mine

The drill located on level 6 has intersected 6.82 grams per tonne over 8.7 metres. The two drill holes intersected the veins between levels 6 and 8. The results are in the table.

                   BACHELOR DRILL RESULTS
                                                  Au grade
                  From          To      Length      capped
Hole No.            (m)         (m)         (m)       (g/t)            
6-141           119.33      123.52         4.2        9.23    
                145.21      146.91         1.7        4.43    
6-145           118.57      120.80         2.2        8.02    
                124.14      132.85         8.7        6.82

These new results demonstrate the existence of two distinct veins located near each other. The A zone is dipping near 55 degrees and the B zone is dipping near 90 degrees. The results continue to expand the dimension of the 8-H-14 (see the longitudinal section for the holes location). The two drills on level 6 continue their exploration activities and results will be published as they become available.

On the surface, a fifth drill began its exploration activities on July 1. The goal of this surface campaign is to follow up with the geophysical work completed in the fall 2014 on properties surrounding the Bachelor camp that generated targets to drill. The first targeted area is a property east of the mine.

June 30, 2015 – Metanor Intersects 18 g/t Gold Over 1.5 m in an Unknown Sector at Bachelor Mine

The team at the Bachelor mine intersected 18 grams per tonne over 1.5 metres on level 12 in an unknown sector. This sector is less than 80 metres south from the current infrastructure of level 12. The results are released in the attached table.

Hole        From        To    Length (i)      Au grade    
              (m)       (m)          (m)   capped (g/t)
12        109.70    111.20         1.50           18.0                                                         
(i) Core length

This sector was not drilled previously. Three holes are planned to be drilled in the same area to verify the continuity and orientation of the gold structure. The results will be published as they are available.

June 25, 2015 – Metanor Intersects 12.8 g/t Gold Over 10.8 m at Bachelor Mine

Metanor Resources Inc. has provided an update of the exploration activity at its Bachelor mine. The team at Bachelor mine intersected 12.8 grams per tonne (g/t) over 10.8 metres in the area directly beside the sector already published June 22. The results are released in the associated table.

                    	DRILL RESULTS
                                              Au grade
                                    Length      capped
Hole No.      From (m)    To (m)       (m)       (g/t)
6-135            81.58     81.88      0.30        6.80
6-140           116.92    131.49     14.57        4.97
including       116.92    120.76      3.84        8.30
including       129.32    131.50      2.18       13.61
6-146            95.27     97.56      2.29        1.76
6-151           116.46    127.29     10.82       12.78
                                              (capped)
including       116.46    118.60      2.13        8.54
including       121.75    126.78      5.03       22.33
                                              (capped)
6-160            82.27     83.54      1.27        1.14
6-161            67.20     69.21      2.01        6.72
6-162            64.20     67.07      2.87        8.25
6-163            61.95     65.31      3.35        4.64
6-164            60.72     63.74      3.02       16.00
June 22, 2015 – Metanor Intersects 22.85 g/t Gold Over 4.04 m at Bachelor Mine

(See complete news release at www.Metanor.ca for table of drill results)

Over a period of 45 days, 2,612 metres were drilled resulting into a resource calculation between level 6 and 8 by the mine technical service team using a polygonal method as displayed in the table.

Au g/t     Au g/t       Au ounces

Stope               Type     Tonnes   uncapped     capped       (capped)

8-H-10         Indicated     24,968       10.73       10.39           8,342

Samples capped at 31 g/t.  Drill density: 15 m by 15 m.

The cost to drill the 2,612 metres of diamond drilling was $169,377, which corresponds to an average cost of $20.30 per ounce identified.  A second drill is now active in the same area of the mine. The results will be published in the coming weeks once available. A total of 25,000 metres of drilling are planned in the same sector in the coming month.

 

 

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