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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | Martiniere | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-3-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its Martiniere deposit at the Martiniere project. Technical report of previous exploration on the property for TSX disclosure. This NI 43-101 report has been prepared f | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas R Mumford, Ronald J. Voordouw (Equity Exploration Consultants Ltd.) | |
| ABSTRACT: | This NI 43-101 report has been prepared for Balmoral Resources Ltd. (“Balmoral”) by Equity Exploration Consultants Ltd (“Equity”) in order to satisfy its continuous disclosure requirements for the Toronto Stock Exchange (TSX). Prior to preparing this updated 43-101 report, Equity was contracted to manage all exploration work on the Martinière Property from 2012-2015. The aim of this report is to review all of the data available for the Property and to make recommendations for further exploration, if warranted. The Martinière Property (“Martinière”, “Martiniere” or the “Property”) covers 112 contiguous claims (61.7 km2 ) of flat-lying swamp in the Nord-du-Québec Region of western Québec, approximately 110 km west of Matagami and 150 km north of Amos. Balmoral Resources Ltd. (“Balmoral”) owns 100% of the Martinière Property, subject to a 2% NSR royalty payable to Cyprus Canada Inc. (“Cyprus Canada”) on 76 of the claims. The authors also believe that continued exploration is warranted on the Martinière Property, given the zones of significant gold mineralization discovered to date, under-explored nature of these trends along much of their strike length and at depth, numerous isolated gold intercepts on the Property with limited follow-up drilling, and regional association with world-class deposits at Detour Lake and Selbaie. A 19,600 m diamond drilling program is recommended for the Martinière Property, focused on the Bug Lake Gold Trend and, in particular, the Bug South deposit. In addition, more exploratory holes investigating the Finger Lake (Lac du Doigt) fault corridor are warranted. An estimated total budget of C$4.35 million is proposed. | |
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