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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Bug North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2016: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Bug North deposit at the Martiniere project. Drilling results incl. 78.17m @ 1.65g/t Au from 162.20m. (Vancouver, December 12, 2016) Balmoral Resources Ltd. (“Balm | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, December 12, 2016) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today reported the continued intersection of broad zones of gold mineralization from expansion drilling on the Company’s Bug South Gold Deposit in Quebec. Four of the five holes returned gold mineralized down hole intervals ranging in width from 29.53 to 78.15 metres, with average grades ranging between 1.58 and 2.16 g/t gold for these broad intervals. These results are from the Upper Bug Zone, one of several gold mineralized zones contained within the Bug South Deposit. Each of these intervals features higher grade sub-zones with highlights including 17.00 metres grading 4.50 g/t gold, 9.89 metres grading 4.50 g/t gold and 9.08 metres grading 7.10 g/t gold (See Table below; Figures 1,2,3, 4 and 5). Today’s results continue to support a significant, south-plunging, broadening of the Bug South – Upper Bug Zone in the near surface with the deepest of the holes, MDE-16-234A, intersecting the Zone at approximately 200 metres vertically below surface. This hole returned the highest average gold grade for the Upper Bug Zone. These results are the first from a series of holes drilled to expand the Bug South Deposit following the identification of a rapid broadening of the deposit in the near surface (see NR16- 19; September 7, 2016). | |
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