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Balmoral continues to expand mineralisation at Martiniere, Quebec

Highlight assays from Bug South include an intercept of 54.89 metres at 2.29 grams per tonne (g/t) gold.

Balmoral is exploring its Martiniere property in Quebec

Balmoral Resources Ltd (TSE:BAR; OTCQX: BALMF) reported further encouraging drill results from Quebec, where it continues to expand the Bug South and Bug North deposits.

The firm released more high-grade gold results from the sites at the Detour Gold trend project at the Martiniere property.

The winter drill program at Martiniere continues and has been expanded for a second time to 11,000 metres for further testing of the Bug South deposit.

Highlight assays from Bug South include an intercept of 54.89 metres at 2.29 grams per tonne (g/t) gold.

That included  13.68 metres at 6.87 g/t gold from in near-surface infill drilling.

There was also 9.16 metres at a grade of  3.27 g/t gold, including 2.86 metres of  7.40 g/t gold from down-plunge expansion drilling of the Upper Bug zone.

Balmoral also reported 12.91 metres at a grade of 2.84 g/t of the yellow metal, including 4.89 metres grading 5.67 g/t gold from the emerging mid-level Lower Bug zone.

From the Bug North gold deposit, Balmoral reported findings from one hole  -  MDE-17-263 - which hit multiple intervals of high-grade gold mineralization.

Included was an intercept of 10.13 metres grading 0.73 g/t gold, including 0.73 metres of 6.61 g/t gold along the southern margin of the West zone gabbro, in the footwall to the Bug North deposit.

This indicates potential to extend Martiniere West deposit-style mineralization for up to 600 additional metres along strike and to previously untested depths, the firm pointed out.

Balmoral shares were unchanged in Toronto at 70 cents each.

Quick facts: Balmoral Resources Ltd

Price: 0.38 CAD

Market: TSX
Market Cap: $67.56 m

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Balmoral Resources' Darin Wagner looking ahead to an 'exciting & busy...

Darin Wagner, chief executive and president at Balmoral Resources Ltd (TSE:BAR, OTCQX: BALMF) tells Proactive they're continuing to see more good results from recent drilling at their Detour Gold trend project in Quebec. There the Bug South deposit has now been extended to a depth of...

on 19/7/17

2 min read