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Balmoral Resources discovers "significant" extension to the Bug gold trend

"The Bug NW discovery opens the system for further expansion into an untested area of the property.."

Balmoral Resources discovers "significant" extension to the Bug gold trend
The firm gave results for the initial four holes testing the new Bug NW gold discovery

Summer drilling at Balmoral Resources Ltd's (TSE:BAR, OTCQX: BALMF) Detour Gold trend project in Quebec has already proved to be successful - with the discovery of  a new extension to the Bug gold trend.

The initial four holes testing the new Bug NW gold discovery threw up intercepts ranging from 16.39 to 64.70 metres in down-hole width, with grades ranging from 0.39 to 1.58 g/t (grams per ton) gold, the mining group said.

These broad gold-mineralized intervals include higher-grade vein mineralization, returning intercepts including 17.13 metres at 3.26 g/t gold, 1.05 metres grading 13.13 g/t gold and 0.87 metres grading 31 g/t gold from three separate holes.

"We are very excited to have discovered a new, broad zone of gold mineralization at shallow depths along the Bug Gold Trend," said Darin Wagner, the president and chief executive at Balmoral.

"The Bug NW discovery opens the system for further expansion into an untested area of the property which had previously been considered less prospective.

"Permits for an additional 19 holes along trend from the new discovery have been received and follow-up drilling is expected to commence in the next few days."

Balmoral also said it continues to extend the Bug south gold deposit down plunge.

Results from the first four holes of summer drilling at Bug south include a highlight intercept of 10.37 metres grading 6.95 g/t gold from the upper zone of the Bug south deposit, which includes a very high-grade core of 2.24 metres grading 30.30 g/t gold.

Drilling continues with two drills currently active on the Detour Gold trend project.

The first is currently completing additional down-plunge testing of the Bug south deposit and the second is completing several exploration holes on the nearby Detour east property, it added.

Drilling is  expected to continue through the end of September.

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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