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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Bug South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-4-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Bug South deposit at the Martiniere project. Drilling results incl. 75.45m @ 1.11g/t Au from 103.16m. Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BA | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today announced that shallow drilling has continued to confirm broad zones of gold mineralization from the bedrock surface down to the central plunge line of the Bug South gold deposit on the Martiniere Property in Quebec. Results from seven shallow drill holes, completed at the start of the winter 2017 program. Drilling also extended the core of the Bug South deposit to shallower depths on several sections. “These results are a solid start to the winter program, with the initial holes successfully confirming broad near surface gold mineralization above the central core of the Bug South deposit and increasing the size of the central high-grade core” said Darin Wagner, President and CEO of Balmoral Resources. “Drilling has now moved on to testing the down-plunge extensions of the Bug South and Bug North deposits, as well as our recent high-grade gold discoveries located proximal to the Bug Lake Gold Trend. Each of these target areas represent near term growth opportunities for the expanding gold inventory at Martiniere.” The first several holes of the winter program tested the Bug South deposit above the south-southeast trending plunge line of the core of the deposit. Results demonstrate that gold mineralization can be successfully traced over significant widths to the bedrock surface and that the broad near surface zones of gold mineralization exhibits excellent continuity with a significant increase in grade and thickness to depth towards the core of the deposit. | |
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