For thousands of other reports visit RSC's Mineral Intellingence Map
Balmoral Resources Ltd.
Summary
| Project: | Northshore | |
|---|---|---|
| Deposit: | Afric Gold Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-2-2019: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Afric Gold Zone deposit at the Northshore project. JV - Drilling results incl. 124.50m @ 1.05g/t Au from 190.50m. (Vancouver, February 25, 2019) Balmoral Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Wayne Reid (GTA Resources and Mining Inc.) | |
| ABSTRACT: | (Vancouver, February 25, 2019) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) has received, from joint venture partner GTA Resources and Mining Inc. (“GTA”), results from three drill holes completed on the Northshore Property located near Schreiber, Ontario late in 2018. Two holes tested the Afric Gold deposit beneath the previously outlined resource, successfully expanding the deposit and leaving it open for additional delineation at depth, in particular to the east and northeast. The Afric Gold deposit continues to demonstrate significant mineralized widths to depth, highlighted by an intercept of 124.50 metres grading 1.05 g/t gold (0.86 g/t gold “cut”) in hole WB-18-54 (see Figure 1). As with previous drilling this broad mineralized envelope includes a high grade core, which returned 7.00 metres grading 11.15 g/t gold (7.65 g/t gold “cut”), including 1.00 metre grading 56.50 g/t gold. This intercept extends the high grade core of the deposit by approximately 100 vertical metres in the area tested. The deposit, and the high grade core, have now demonstrated continuity to a little over 250 vertical metres depth, the deepest level tested to date at Northshore (see Figure 2). “We are pleased to see the expansion of the Afric Gold deposit, and in particular to see the continuity being demonstrated by the higher grade component of the deposit at depth,” said Darin Wagner, President and CEO of Balmoral. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report