Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Balmoral Resources’ deep hole increases extent of Bug North

Wednesday, November 23, 2016 7:49
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Continued good results are coming from Balmoral Resources Ltd’s (TSE:BAR)  Martiniere property, where it has now extended the Bug North gold deposit to a depth of up to 550 metres.

It comes after the firm drilled the deepest hole so far on the site – the first of three deep holes.

This has increased the known vertical extent of Bug North by 140 metres (or 36%) and confirms that the deposit remains open down-plunge for further expansion.

The hole, which is named BLD-16-01, hit the Bug North Footwall Zone over a down-hole width of 48.55 metres, and returned an average grade of 1.07 g/t (grams per tonne) of gold.

Two higher grade sections were also found in the interval which returned 1.57 metres grading 6.66 g/t gold and a deeper intercept of 6.43 metres grading 4.36 g/t gold, including 1.50 metres grading 10.75 g/t gold.

Darin Wagner, Balmoral Resources’ president and chief executive, said the result of the first of the deep holes represented “a significant expansion” of the deposit and confirmation of the group’s working model.

“With the successful expansion of the Bug North deposit to depth, the extension of the Trend to the southeast (see below) and the recent rapid growth of the Bug South deposit we have made significant strides forward in our evaluation and testing of this important new gold environment in the Detour region, and plan to continue with our expansion and delineation drill programs in early 2017.”

Story by ProactiveInvestors

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.