Balmoral Resources More than Doubles Horizon 3 Strike at Grasset Discovery

Balmoral Resources (TSX:BAR,OTCQX:BALMF) reported results from ongoing testing at its nickel-copper-PGE at its Grasset property in Quebec. Results from 12 recently completed holes imply that the strike length and down dip extension of the Horizon 3 discovery have more than doubled.

As quoted in the press release:

Today’s results were highlighted by holes GR-14-44 and GR-14-47, the latter being the deepest intercept reported to date. Hole GR-14-44 returned a 44.87 metre intercept grading 1.53% nickel, 0.16% copper, 0.37 g/t platinum and 0.86 g/t palladium with a higher grade core returning 12.57 metre grading 2.91% Ni, 0.44% Cu, 0.74 g/t Pt and 1.84 g/t Pd. Hole GR-14-47 returned a similarly broad intercept returning 49.25 metres grading 1.28% Ni, 0.13% Cu, 0.31 g/t Pt and 0.76 g/t Pd, which includes a high grade core of 21.89 metres grading 2.21% Ni, 0.23% Cu, 0.57 g/t Pt and 1.42 g/t Pd (see Figures 2 and 3).

Balmoral president and CEO, Darin Wagner, said:

Today’s results demonstrate a rapid expansion of the Horizon 3 discovery both along strike and to depth, increasing our confidence in the potential of both the Horizon 3 discovery and the Grasset Ultramafic Complex as a whole.

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