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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Bug South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-7-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Bug South deposit at the Martiniere project. Drilling results incl. 38.78m @ 1.77g/t Au from 200.49m. (Vancouver, June 12, 2017) Balmoral Resources Ltd. (“Balmoral” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, June 12, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today released the final drill results from the Company’s spring drill program on its Detour Gold Trend Project in Quebec. A series of holes testing the Bug South gold deposit (see Figure 1), on its wholly owned Martiniere Property successfully extended the Bug South deposit to a vertical depth of approximately 385 metres with a broad intercept of 14.28 metres grading 3.51 g/t gold, including a very high grade interval of 0.46 metres grading 66.60 g/t gold (see Figure 2). The Bug South deposit remains open down-plunge to the south-southeast. Drilling is currently focused on additional expansion of the deposit to depth. The near surface continuity of broad zones of gold mineralization at Bug South was further confirmed with intercepts of 48.70 metres grading 1.26 g/t gold and 38.78 metres grading 1.77 g/t gold in two infill holes testing the deposit between 150 and 200 metres vertical depth (See Figure 3 and Figure 4). Both intercepts (in holes MDE-17-287B and MDE-17-288) contain several higher grade sub-intervals (see Table below). “The summer program is now in full swing. It is designed to continue the growth of the Bug Lake gold deposits, while also exposing our shareholders to the broadest range of discovery opportunities since 2014 when the Grasset discovery resulted in significant share price appreciation.” said Darin Wagner, President and CEO of Balmoral Resources. “Gold exploration targets throughout the Martiniere Property, and the broader Detour Gold Trend Project, are on tap for drill testing. This includes a number of targets located on the Detour East Property which covers over 20 kilometres of the same geological environment which hosts the multi-million ounce Detour Lake gold mine on adjoining property to the west.” | |
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