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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Martiniere | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-1-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Martiniere deposit at the Martiniere project. Drilling results incl. 11.71m @ 6.06g/t Au from 322.33m at Bug North. (Vancouver, January 11, 2017) Balmoral Resources | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, January 11, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX:BAR; OTCQX: BALMF) today announced the discovery of two new shallow zones of gold mineralization, downplunge extensions to the Bug North and Lower Steep gold deposits and the deepest high-grade gold results to date from its wholly owned Martiniere Property, part of Company’s Detour Gold Trend Project, in west-central Quebec. “Today’s results are like that gift that arrives in the mail after Christmas from your favorite relative - worth waiting for and a great way to usher in the New Year” said Darin Wagner, President and CEO of Balmoral. “We got a very good bang for our drill dollars from these holes with two new shallow gold discoveries, extensions to the Bug North and Lower Steep gold deposits, continued confirmation of the ME-23 Zone and our deepest high-grade gold intercepts to date.” Drill hole BLD-16-03, designed to extend the Lower Steep gold deposit to depth, intersected two new, near surface gold zones. These two discoveries, which include an intercept of 5.80 metres grading 10.51 g/t gold within a broader 18.06 metre wide gold zone (see Table below), are located at vertical depths of only 45 and 110 metres. The new discoveries occur in a largely untested area of the property, approximately 450 to 500 metres east of the Bug Lake Gold Trend (see Figure 1 and Figure 2). Winter drilling, anticipated to begin within the next three to four weeks, will follow-up on these shallow gold discoveries and continue the delineation of the Bug Lake gold deposits. | |
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