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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Bug South, Bug North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-5-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Bug South, Bug North deposit at the Martiniere project. Drilling results incl. 54.89m @ 2.29g/t Au from 119.74m. (Vancouver, May 3, 2017) Balmoral Resources Ltd. (“B | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, May 3, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today announced additional high grade gold results from its Detour Gold Trend Project in Quebec. On-going testing of the Bug South gold deposit on the Company’s wholly owned Martiniere Property continues to both confirm the presence of broad zones of high-grade gold mineralization within the core of the deposit and to expand the deposit down-plunge. Mid-level drilling has now begun to intersect significant high-grade gold mineralized intervals in the Lower Bug Zone of the Bug South deposit, similar to those observed in the core of the Bug North deposit located 400 metres to the north. Results from the Bug South deposit (see Table 1 below) were highlighted by intercepts of 54.89 metres grading 2.29 g/t gold, including 13.68 metres grading 6.87 g/t gold, in near-surface infill drilling, 9.16 metres grading 3.27 g/t gold, including 2.86 metres grading 7.40 g/t gold, from down-plunge expansion drilling of the Upper Bug Zone and 12.91 metres grading 2.84 g/t gold, including 4.89 metres grading 5.67 g/t gold from the emerging Mid-Level Lower Bug Zone. The winter drill program on the Martiniere Property continues and has been expanded for a second time to 11,000 metres to allow for additional testing of the Bug South deposit prior to break-up given the success of the program to date. | |
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