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Balmoral Resources: Latest Drill Results Extend Grasset H3 Zone to Depth
Sep. 08, 2015 09:02AM PST
Base Metals Investing Balmoral Resources (TSX:BAR), reported that ongoing expansion drilling at the H3 zone of its Grasset project has extended the depth of the zone by over 30 percent. Highlights of drilling included an intersection of 42.7 meters grading 1.11 percent nickel, 0.12 percent copper, 0.20 grams per tonne of platinum and 0.49 grams per tonne of palladium.
Balmoral Resources (TSX:BAR), reported that ongoing expansion drilling at the H3 zone of its Grasset project has extended the depth of the zone by over 30 percent. Highlights of drilling included an intersection of 42.7 meters grading 1.11 percent nickel, 0.12 percent copper, 0.20 grams per tonne of platinum and 0.49 grams per tonne of palladium.
As quoted in the press release:
Two holes, GR-15-87 and GR-15-90a (see Figure 1 and Figure 2), drilled along the projected plunge of the H3 Zone intersected nickel sulphide mineralization over down hole widths of 118.84 and 86.09 metres respectively. Both holes extend the higher-grade core of the Zone vertically by approximately 100 metres in the areas tested (see Figure 3 and Figure 4).
Results from the two holes were highlighted by an intercept of 42.70 metres grading 1.11% Ni, 0.12% Cu, 0.20 g/t Pt and 0.49 g/t Pd, within a broader 118.84 metre wide sulphide mineralized intercept which returned 0.67% Ni, 0.07% Cu, 0.11 g/t Pt and 0.27 g/t Pd from hole GR-15-87. This is one of the top six intercepts reported to date from the H3 Zone on a grade x thickness basis. Both GR-15-87 and GR-15-90a show mineralized widths roughly equal to, and grades notably stronger than, the two holes located vertically above them (see Figures 3 and 4). This suggests a trend back toward higher nickel, copper, platinum and palladium grades at depth within the core of the larger system.
Balmoral president and CEO, Darin Wagner, said:
Today’s results represent a significant expansion of the higher grade core of the H3 Zone and clearly demonstrate that the Zone remains open for further expansion to depth, with the potential added bonus of improving nickel grades. With these strong results from H3, several additional mineralized intercepts from the nearby H1 Zone and continued confirmation of high-grade gold potential proximal to the Grasset discoveries our team continues to deliver an expanding suite of growth opportunities.