Balmoral Resources Reports Further High-Grade Drill Results from Grasset

Balmoral Resources (TSX:BAR) reported additional high-grade results from the footwall to the H3 nickel zone at its Grasset project in Quebec. The company reported an intercept of 10.5 percent nickel, 0.74 percent copper, 1.87 percent platinum and 4.87 g/t palladium over 7.5 meters.
As quoted in the press release:

GR-15-97 intersected the H3 Zone approximately 50 metres down dip and 40 metres southwest of GR-15-87 (42.70 metres grading 1.11% Ni, 0.12% Cu, 0.20 g/t Pt and 0.49 g/t Pd – see NR15-12, Sept. 8, 2015) confirming the continuation of the high-grade core of the Zone to depth. Drilling also continued to expand the overall scale of the mineralized system with nickel bearing sulphides now intersected to a vertical depth of 540 metres along the projection of the H3 Zone.
The very high-grade vein-breccia intersected in hole GR-15-97 consists of a series of massive to semi-massive sulphide intervals cutting the ultramafic hosts at angles ranging from 10 to 85 degrees to core axis, consistent with a breccia-style of mineralization. The individual semi-massive to massive sulphide intervals display nickel grades ranging from 6.34 to 18.95% (the highest grade nickel assay returned to date from Grasset) and platinum + palladium grades of 4.63 to 13.66 g/t. Ni:PGE ratios are consistent with those observed throughout the H3 Zone. This separates this interval from the more typical high copper and PGE-rich footwall veins, suggesting it could mark a more primal or “feeder-type” zone. Additional drilling will be required to determine the extent and geometry of this new discovery.

Click here for the full press release.