Balmoral Drills Highest-grade Hole to Date at Grasset

Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) reported drill results from another 12 holes drilled at its Horizon 3 nickel-copper-PGE discovery at the Grasset property in Quebec.

As quoted in the press release:

In addition to extending the Horizon 3 sulphide zone to a depth of 350 vertical metres, today’s results continue to feature broad intervals of nickel sulphide mineralization throughout the discovery area and include the highest grade intercept to date from Grasset. Hole GR-14-57 returned a very broad Horizon 3 intercept of 57.88 metres grading 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd, which includes a high-grade interval of 20.63 metres grading 3.47% Ni, 0.40% Cu, 0.79 g/t Pt and 1.92 g/t Pd. This high grade interval is capped by, and includes, a previous reported 1.51 metre thick interval of massive sulphide which returned 14.96% Ni, 0.74% Cu, 3.03 g/t Pt and 5.61 g/t Pd – further emphasizing the very high nickel tenure of the Horizon 3 sulphide mineralization.

Balmoral’s president and CEO, Darin Wagner, said:

Today’s results continue to demonstrate the broad widths and very high nickel-PGE tenure of the Horizon 3 sulphide zone and expand the discovery to depth were it remains open. Results from an additional 8 holes are expected before year end and we look forward to an exciting year ahead as we continue the delineation of the Horizon 3 discovery and begin the process of evaluating the balance of the Grasset Ultramafic Complex (‘GUC’) for additional zones of nickel-copper-PGE mineralization.

Click here to read the Balmoral Resources (TSX:BAR) press release.