For thousands of other reports visit RSC's Mineral Intellingence Map
Balmoral Resources Ltd.
Summary
| Project: | Grasset | |
|---|---|---|
| Deposit: | Grasset | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-1-2019: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Grasset deposit at the Grasset project. Drilling results incl. 42.10m @ 0.31% NI, 0.01% Cu. 0.015 Co, 0.04g/t Pt, 0.09g/t Pd from 180.05m. (Vancouver, January 17, 2 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Tucker, Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, January 17, 2019) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today announced the discovery of numerous nickel-copper-cobalt-PGE sulphide mineralized zones within the central portion of the Grasset Ultramafic Complex (“GUC”) in Quebec. The new discoveries are located 7 kilometres northwest of, and along strike from, Balmoral’s Grasset nickelcopper-cobalt-platinum-palladium deposit (Figure 1). These discoveries reinforce the district scale and multi-deposit potential of the GUC. Results are highlighted by an intercept of 7.58 metres grading 1.05% nickel, 0.31% copper, 0.05% cobalt, 0.20 g/t platinum and 0.48 g/t palladium from one of three new discoveries, each of which returned greater than 1% nickel, intersected in drill hole FAB-18-58. A massive sulphide intercept returning 4.14% nickel, 0.26% copper, 0.18% cobalt, 0.81 g/t platinum and 1.93 g/t palladium over 0.65 metres occurs at the base of this intercept (Photo 1). A second intercept, located approximately 100 metres shallower and along the same stratigraphic horizon in drill hole FAB-18-56, returned 1.35% nickel over 3.94 metres, including 3.59% nickel over 1.03 metres with similar copper, cobalt, platinum, and palladium values (see Table 1 below). The central ultramafic (komatiite) volcanic unit that hosts these discoveries remains largely untested on the property. Follow-up borehole EM work has identified strong conductors associated with these new semi-massive to massive sulphide discoveries in multiple holes. The conductors indicate the potential for additional alongstrike, up-dip and down-dip/plunge continuity of the sulphide horizons. Off-hole EM anomalies, indicating the potential for additional massive to semi-massive sulphide discoveries within the host ultramafic volcanic sequence, have also been identified. These geophysical anomalies provide immediate targets for follow-up drilling. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report