June 06, 2013 13:46 ET
Metanor Produces 2,354 Ounces in May and Intersects 5.58 g/T Over 21 M
VAL-D'OR, QUEBEC--(Marketwired - June 6, 2013) - Ressources Métanor Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide an update on the development activities underway at its Bachelor project.
Metanor produced 2,354 ounces of gold during the month of May. The ounces produced in May came from development ore and also some from stopes for a total of 16,685 tonnes of ore at a combined grade of 4,53 grams / tonne with a 96,9% recovery. During the month, the mill processed 794 tonnes in one day, exceeding the maximum theoretical capacity of 775 tonnes per day as published in the 2011 Prefeasibility study.
Ore development on level 14 began in May; 1,974 tonnes at a diluted grade of 6.8 grams per tonne were excavated from the Main and B veins. The average ore thickness of the veins extracted during the month was over 6 m on this level.
Metanor purchased two electrics scooptrams one of which is already on site, and will be operational in early July to excavate the larger stopes. In addition, Metanor awarded a contract to the mining contractor CMAC Thyssen to execute additional long hole drilling to increase the stoping ore in the coming months. The contractor will begin its production drilling contract next week.