Metanor Resources Inc. (TSXV:MTO) reported results from ongoing surface drilling at its Barry project in Quebec. Drilling has been focused on gold
bearing shear zones around the Barry pit, which are now presenting continuity over a 600m strike length and 400m vertically. Drilling was highlighted
by 4.8 g/t Au over 9.0m (hole MB-17-83) and 7.1 g/t Au over 8.2m (hole MB-17-99). Importantly, these shear zones present an opportunity for underground
mining versus the open-pit only scenario discussed in the 2016 PEA. Additional drilling will continue to identify and extend these shear zones. The
company noted it is also working on permits to expand the camp in order to grow its workforce to support the construction of a ramp to gain underground
access to other shear zones. We expect further results from the ongoing drill programs at both Barry and Bachelor Lake to be important near-term catalysts
for the company along with FQ4 production and financial results. A third drill rig is operating at the Moss target, which is approximately halfway
between the Barry Deposit, and Osisko Mining’s (TSX:OSK) Windfall Lake deposit.
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
Red Cloud Klondike Strike Inc.
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Company Specific Disclosure Details
Metanor Resources Inc. - TSXV:MTO - 1,2,3,4
Osisko Mining Inc. - TSX:OSK - None
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