Balmoral Provides Results From Six Exploration Holes Drilled at Properties in Quebec

Balmoral Resources Ltd (TSX: BAR) reported results from six exploration holes drilled along the Grasset Trend on its wholly owned Fenelon and Jeremie Properties in Quebec.

As quoted in the press release,

Two of three holes drilled to test geophysical anomalies along the southern segment of the Grasset Ultramafic Complex (“GUC”), host to Balmoral’s Horizon 3 Ni-Cu-PGE discovery, successful intersected nickel-copper-PGE bearing sulphide mineralization. The new discoveries are located 3.3 and 4.6 kilometres northwest of the Horizon 3 discovery (see Figure 1) and southeast of the two Ni-Cu-PGE discoveries announced on April 9, 2015 (see NR15-04).

Darin Wagner, President and CEO of Balmoral, stated:

Drilling continues to confirm the presence of nickel sulphide mineralization and significant volumes of prospective ultramafic host rocks throughout the Grasset Ultramafic Complex, supporting the potential for the discovery of additional Horizon 3 type mineralized zones. The discovery of bonanza gold grades in a new shear structure proximal to the known gold mineralization at Fenelon is an exciting development. It further demonstrates the prolific nature of the belt and the still largely untapped potential of the Detour Trend Project.

Click here for the full Balmoral Resources Ltd. (TSX: BAR) press release