Nickel

Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) announced that it has outlined more than 50 discrete electromagnetic conductors along the interpreted trend at the Grasset Ultramafic Complex, where its Grasset discovery is located.

Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) announced that it has outlined more than 50 discrete electromagnetic conductors along the interpreted trend at the Grasset Ultramafic Complex, where its Grasset discovery is located.

As quoted in the press release:

Standard line spacing for the survey was 100 metres, with the Grasset discovery area flown at 50 metre line spacing to allow better characterization of the known mineralization. Over 1,250 anomalous EM responses (or ‘picks’) were identified by the survey with each anomaly typically comprised of several picks. The EM anomalies outlined along the Grasset Trend display a wide range of intensities and extend from approximately 100 to over 2,000 metres in strike length.

In the discovery area an isolated, moderate strength EM anomaly, associated with the magnetic high marking the GUC, was outlined over the massive nickel sulphide interval reported previously from hole GR-14-17. However, as anticipated from surface surveys and geophysical tests performed on the drill core, no EM response was evident over the bulk of the Grasset Ni-Cu-PGE zone which is comprised dominantly of net-textured to heavily disseminated nickel sulphide mineralization. Other semi-massive to massive sulphide and graphite bearing units in the footwall to the GUC produced weaker EM anomalies. Massive to semi-massive nickel sulphide mineralization typically produces a moderate to very strong EM response, while disseminated sulphide mineralization, where the sulphide grains are not physically connected to each other, do not typically produce an EM response, consistent with the results for the survey.

Darin Wagner, president and CEO of Balmoral, said:

Our summer airborne survey has confirmed a very target rich geological environment, for over 20 kilometres, along the projected strike extent of the GUC. Individual targets are currently being evaluated and will be prioritized for drill testing. We anticipate resumption of drilling on the Grasset Ni-Cu-PGE discovery in mid-January and initial testing of priority targets generated by the airborne survey to follow and form part of the winter 2015 Grasset program.

Click here to read the full Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) press release.

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