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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Bug Northwest, Bug South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-9-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Bug Northwest, Bug South deposit at the Martiniere project. Drilling results incl. 10.73m @ 6.95g/t Au from 468.97m. (Vancouver, September 18, 2017) Balmoral Resour | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, September 18, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today announced that the first drill holes of the summer 2017 program on its Detour Gold Trend Project in Quebec have discovered a significant extension to the Bug Gold Trend on its Martiniere Property. The initial four holes testing the new Bug NW gold discovery (see Figure 1) yielded gold mineralized intercepts ranging from 16.39 to 64.70 metres in down-hole width, at grades ranging from 0.39 to 1.58 g/t gold. As with the known deposits located along the Trend these broad gold mineralized intervals include higher-grade vein mineralization which returned intercepts including 17.13 metres grading 3.26 g/t gold (which includes 0.50 metres grading 94.20 g/t gold), 1.05 metres grading 13.13 g/t gold and 0.87 metres grading 31.00 g/t gold from three separate holes. “We are very excited to have discovered a new, broad zone of gold mineralization at shallow depths along the Bug Gold Trend. The Bug NW discovery opens the system for further expansion into an untested area of the property which had previously been considered less prospective. Permits for an additional 19 holes along trend from the new discovery have been received and follow-up drilling is expected to commence in the next few days” said Darin Wagner, President and CEO of Balmoral Resources. | |
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