VAL-D'OR, QUEBEC--(Marketwired - Sep 5, 2013) - Ressources Métanor Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on the development activities underway at its Bachelor project.
Metanor produced 4,312 ounces of gold during the month of August. The ounces produced in August came from development and stope ores for a total of 21,340 tonnes of ore at a feed grade of 6.46 grams / tonne with a 97.3% recovery. The average grade went up in August due to the commencement of the mining in stope 13-0-02. The tonnage increase came from the total stopes available for mining. Moreover, Metanor is continuing its development plan on several levels to increase the stopes available for production, and eventually reach commercial production.
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient production, exploration, and development of it properties.
Pascal Hamelin, P.Eng, Vice-president of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.
Cautionary Language and Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
- Commodity Markets
- Stocks & Offerings