Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Balmoral Resources successfully expanding the Bug South Gold deposit at depth

Thursday, December 7, 2017 8:17
% of readers think this story is Fact. Add your two cents.

Gold firm Balmoral Resources Ltd (TSE:BAR, OTCQX: BALMF)  told investors it had successfully expanded the Bug South gold deposit on its flagship Martiniere property in Quebec.

The property is along the  Detour Gold Trend and hosts four known gold deposits (Bug North, Bug South, Bug Lower Steep and Martiniere West).

Drill highlights included an intercept of 10.62 metres grading 4.52 g/t (grams per ton) gold.

That included 2.14 metres (m) grading 17.58 g/t gold from the Lower Zone, one of the two primary zones which comprise the Bug South deposit.

Three holes successfully extended the Bug South gold deposit to a vertical depth of over 400 metres, below which it remains open for further expansion, the firm noted.

Assays here included 3.65 g/t (grams per ton) gold from an interval of 0.49 metres and an impressive 17.58 g/t gold from 2.14m.

Notably another hole hit the emerging West Contact Gold Zone. This new zone, first identified earlier in 2017, lies around 100metres to the west of the Bug Gold Trend.

Here, a 58.84 metre downhole interval graded 0.45 g/t (grams per ton) gold, including 2.18 metres grading 6.77 g/t gold. All three holes, which have  hit this new discovery have returned intercepts of greater than 6 g/t gold.

Balmoral is now currently finalizing plans for a $2mln dollar winter drilling and geophysical program on its Detour Gold Trend properties. This program is expected to begin in January, 2018.

Balmoral shares were unchanged on Thursday at C$0.44.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


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


Top Global

Top Alternative



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.