VANCOUVER (miningweekly.com) – Junior miner Metanor Resources has reported a significant intercept grading 4.6 g/t gold at its Bachelor gold mine, located 90 km north-east of Lebel-sur-Quevillon, Quebec.
The Val d’Or, Quebec-based miner started an underground drilling campaign in September on Level 11 to the south from the main mine workings. The exploration intersected the Moroy structure; assays from the first two holes have revealed a pair of veins 50 m apart.
Metanor advised that it would continue testing the Moroy structure in the coming months.
Hole MY17-001 returned 4.6 g/t gold from 302.1 m to 304.1 m, with the best result coming from the second intersection of hole MY17-002 from 327.6 m to 328.2 m returning 20.4 g/t gold and the second intersection from 375.3 m to 376.5 m returning 41.6 g/t gold.
Underground drilling continues to probe below Level 14 to intersect the Main vein at depth. Three holes in this area returned 8.4 g/t over 11.9 m, 8.1 g/t over 2.7 m, and 6.7 g/t gold over 8.5 m.
The underground exploration drift is expected to reach the two veins in January, some 220 m away.
Metanor's TSX-V-listed stock climbed 3.9% on Friday, to close at C$0.80 apiece.
Edited by: Samantha Herbst
Creamer Media Deputy Editor
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