Metanor Reports its Financial Results for the Quarter and Year Ended June 30th 2015

(firmenpresse) - VAL-D'OR, QUEBEC -- (Marketwired) -- 10/28/15 -- Metanor Resources Inc. ("Metanor") (TSX VENTURE: MTO) is pleased to report on its financial results for the quarter and year ended June 30th 2015 (Q4). This press release should be read in conjunction with Metanor's financial statement for the year ended June 30th 2015 and related Management's Discussion and Analysis (MD&A), which can be found on the Company website or on SEDAR . All amounts are in Canadian dollars unless otherwise stated.
Q4 2015 Highlights
Full-Year 2015 Highlights
Outlook for the coming quarters
Metanor continues to develop new drifts to the west in the Hewfran sector at the Bachelor Mine where the planned grade is higher than the actual grade. Metanor will continue the diamond drilling underground in the coming months to eventually add new resources and reserves at the Bachelor Mine. Also, surface drilling will continue around the Bachelor mine, mainly south.
Qualified Person
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.
356,957,733 outstanding shares
Contacts:
Ronald Perry, Vice-President
514-262-8286
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Bereitgestellt von Benutzer: Marketwired
Datum: 28.10.2015 - 20:30 Uhr
Sprache: Deutsch
News-ID 430219
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contact information:
Town:
VAL-D'OR, QUEBEC
Kategorie:
Mining & Metals
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