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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Bug Southeast | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-6-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Bug Southeast deposit at the Martiniere project. Drilling results incl. 21.06m @ 2.85g/t Au from 219m. (Vancouver, June 7, 2017) Balmoral Resources Ltd. (“Balmoral” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, June 7, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today announced additional near-surface, high-grade gold results from its Detour Gold Trend Project in Quebec. Drill hole MDE-17-274 returned the best drill intercept to date from the Bug Southeast Zone – 6.05 metres grading 6.23 g/t gold. This intercept occurs at less than 120 vertical metres in a sparsely tested area of the Southeast Zone approximately 400 metres SE of the Bug South gold deposit (see Figure 1). This intercept provides yet another high-grade gold target along the Bug Lake Gold Trend, joining the Bug North, Bug South, and Bug Lower Steep gold deposits. Drilling also successfully extended both the ME-23 and the recently discovered Horsefly Gold Zones which are located approximately 260 and 500 metres respectively east of the Bug North gold deposit (see Figure 1). Hole MDE-17-275 intersected 21.06 metres grading 2.85 g/t gold, including 5.49 metres grading 6.64 g/t gold, at only 170 vertical metres. The ME-23 Zone remains open down-plunge and along strike to the south for further expansion. The Horsefly Zone is one of a number of recent near-surface, high-grade gold discoveries located east of the main Bug Lake Gold Trend. The discovery intercept reported in January 2017 (see NR 17-01, Jan. 11, 2017), returned 18.06 metres grading 3.84 g/t gold, including a high-grade core of 5.80 metres grading 10.51 g/t gold. | |
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