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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Horsefly | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-11-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Horsefly deposit at the Martiniere project. Drilling results incl. 52.82m @ 0.67g/t Au from 176.30m. (Vancouver, November 9, 2017) Balmoral Resources Ltd. (“Balmora | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, November 9, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today reported that drilling has expanded the Horsefly Gold Zone on the Martiniere Property. Gold mineralization was intersected over down hole widths of 4.17 to 52.82 metres, at vertical depths of between 120 and 160 metres, within a visually distinct zone of brecciation and veining. Results to date indicate that the Horsefly Gold Zone occurs in a fault bound corridor and exhibits a moderate to steep southeast plunge, similar to that of the deposits within the nearby Bug Gold Trend (See Figure 1 and Figure 2). The Zone remains open up plunge to the bedrock surface and down plunge. The Martiniere Property hosts four known gold deposits (Bug North, Bug South, Bug Lower Steep and Martiniere West), which are currently in delineation, along with a series of recent gold discoveries which, like Horsefly, continue to expand on the gold endowment within the Martiniere system and provide avenues for growth. Results from an additional 22 holes completed on the Martiniere Property during the summer/fall program, including a series of holes testing the Bug South gold deposit and the recent Bug Northwest discovery, remain pending. | |
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