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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Martiniere | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-3-2018: Balmoral Resources Ltd. announces a Resource Estimation report for its Martiniere deposit at the Martiniere project. Initial mineral resource estimate at Martiniere project. This National Instrument 43-101 report describes bedrock-hosted gold m | |
| Resources: | (Resource): 7.91Mt @ 2.32g/t Au (Ind.) & 0.363Mt @ 4.57g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | This National Instrument 43-101 report describes bedrock-hosted gold mineralization on Balmoral Resources Ltd (“Balmoral”) Martinière Property (“Martinière”, or “the Property”). Material changes that require an update of the 05 January 2017 technical report include (1) a maiden resource estimate for the Bug and Martinière West gold deposits published on 27 March 2018, and (2) an additional 27,224.4 metres of drilling completed since January 2017. The Martinière Property covers 112 contiguous claims (61.7 km2 ) in northwestern Québec and is centered approximately 110 km west of the town of Matagami and 150 km north of Amos. The Property is 100% owned by Balmoral, with 90 of the claims subject to a 2% NSR royalty that is payable to Cyprus Canada Inc. Year-round access is by helicopter, with the nearest year-round road access reaching to within 20 km of the Property and a winter road and trail system providing access from January to April. Several gold and base metal mines are in production in this part of Québec and Ontario, supporting a vibrant infrastructure of mining and exploration services and supplies. Active railway lines and commercial airports are located within 200 km of the Property. The region experiences a continental-style climate, with cold winters and warm summers, and exploration work (including diamond drilling) can be carried out year-round. | |
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