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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Bug South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-12-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Bug South deposit at the Martiniere project. Drilling results incl. 10.62m @ 4.52g/t Au from 447.41m. (Vancouver, December 7, 2017) Balmoral Resources Ltd. (“Balmor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, December 7, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today reported the successful expansion of the Bug South gold deposit on its flagship Martiniere Property in Quebec. Drill results were highlighted by an intercept of 10.62 metres grading 4.52 g/t gold, which included 2.14 metres grading 17.58 g/t gold from the Lower Zone, one of the two primary zones which comprise the Bug South deposit. The Bug South and other nearby gold deposits located along the Bug Gold Trend remain open for expansion to depth and will continue to be the focus of the planned winter 2018 drill program. Balmoral’s wholly owned Martiniere Property is located along the Detour Gold Trend 45 kilometres east of the Detour Lake Gold Mine and 45 kilometres north of the Casa Berardi Gold Mine in west-central Quebec. The Property hosts four known gold deposits (Bug North, Bug South, Bug Lower Steep and Martiniere West; see Figure 1), which are currently in delineation. The Property also features a series of recent, shallow gold discoveries which, like the recently discovered NW Zone (see below), continue to provide evidence for a large, robust gold system on the Property. | |
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