For thousands of other reports visit RSC's Mineral Intellingence Map

Balmoral Resources Ltd.

opaxe

Summary

Project:

Fenelon

Deposit:Area 52
Location:Canada
Commodities:Gold
Date:9/16/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:16-9-2019: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Area 52 deposit at the Fenelon project. Drilling results incl. 9.65m @ 5.00g/t Au from 131.40m. (Vancouver, September 16, 2019) Balmoral Resources Ltd. (“Balmoral”
Resources:x
CP/QP:[Overall Report]: Michael Tucker (Internal)
ABSTRACT:(Vancouver, September 16, 2019) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announces that the Company’s first drill testing of the Area 52 gold target (see Figure 1) on its Fenelon Property in Quebec has successfully achieved multiple objectives, highlighted by the discovery of a new, near-surface, high-grade gold zone located proximal to the Sunday Lake deformation zone (see Figure 2). Hole A52-19-03 intersected a 9.65 metre wide zone of anomalous gold mineralization averaging 5.00 g/t gold, centered around a high-grade interval of 3.29 metres grading 14.03 g/t gold (see Figure 3). “Given the limited scope of the initial phase of drilling in Area 52 we are very pleased with the results,” said Darin Wagner, President and CEO of Balmoral Resources. “With the Sunday Lake deformation zone’s proven gold endowment we are particularly excited about having discovered a new, high-grade nearsurface gold zone proximal to a previously untested segment of this major regional fault system.”

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