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Balmoral Resources Ltd.
Summary
| Project: | Grasset | |
|---|---|---|
| Deposit: | Grasset | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2019: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Grasset deposit at the Grasset project. Drilling results incl. 92.57m @ 0.77% NI, 0.08% Cu. 0.02 Co, 0.20g/t Pt, 0.51g/t Pd from 454.12m. (Vancouver, February 6, 201 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Tucker, Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, February 6, 2019) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) announced that the Company’s first expansion drilling on the Grasset nickel-coppercobalt-PGE deposit since 2015 has both expanded the H3 Zone of the deposit with broad mineralized intercepts and successfully intersected the lower H1 Zone of the deposit at a vertical depth of approximately 775 metres. This latter intercept adds over 230 metres to the known vertical extent of highgrade and disseminated nickel sulphide mineralization at Grasset. The late 2018 drill program also extended both zones of the deposit by approximately 100 metres to the northwest (see Figure 1). The deposit continues to remain open to depth and along strike to the northwest. Drilling expanded the known extent of one of the broadest portions of the deposit, located near the base of the currently delineated resource. The high grade core of the Grasset deposit currently hosts an Indicated Resource estimated at 3.45 million tonnes grading 1.56% nickel, 0.17% copper, 0.03% cobalt, 0.34 g/t platinum and 0.85 g/t palladium to a vertical depth of just under 500 metres (see full disclosure regarding this resource estimate in NR16-04, March 7, 2016). | |
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