Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Balmoral Resources Ltd hits 6.05 metres of 6.23 g/t gold at Martiniere

% of readers think this story is Fact. Add your two cents.


Shares in Balmoral Resources Ltd (TSE:BAR, OTCQX: BALMF)  nudged higher in Toronto as it hit 6.05 metres (m) of 6.23 g/t of gold at the Martiniere property in Quebec.

The mining junior released today further encouraging near-surface, high-grade gold drilling results from its Detour Gold trend project.

Hole MDE-17-274 returned the best drill intercept so far from the Bug Southeast zone, with the intercept mentioned above

Notably, this find gives Balmoral another high-grade gold target along the Bug Lake gold trend -  joining the Bug North, Bug South and Bug Lower Steep gold deposits.

Drilling also extended both the ME-23 and the recently discovered Horsefly gold zones, the group said.

These zones lie around 260 and 500 metres, respectively, east of the Bug North gold deposit.

Highlight assays from here include 5.49 metres grading 6.64 g/t gold, at only 170 vertical metres.

Significantly, the ME-23 zone remains open downplunge and along strike to the south for further expansion.

Follow-up testing at Horsefly  has now extended the zone down dip and to the south with an intercept of 22.15 metres grading 2.04 g/t gold, including a high-grade core of 8.38 metres grading 4.79 g/t gold, Balmoral said.

The final results from the winter/spring Martiniere drill program are expected over the next three weeks, it added, having been delayed due to exceptionally heavy sample inflows at ALS Minerals facilities in Eastern Canada.

Summer drilling at Martiniere is expected to begin before the end of June and to continue through the summer months.

It will be focused on expanding multiple deposits and zones comprising the Martiniere gold system and exploring for new discoveries near to known deposits.

Shares in Toronto added 1.45% to $0.70.

Story by ProactiveInvestors


Source: http://www.proactiveinvestors.com/companies/news/178923/balmoral-resources-ltd-hits-605-metres-of-623-gt-gold-at-martiniere-178923.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

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

    MOST RECENT
    Load more ...

    SignUp

    Login

    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.