Balmoral Resources Secures 100-percent Ownership of Grasset Complex

Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) has secured 100-percent ownership of the last 2.3 kilometers of the projected strike extent at the Grasset Ultramafic Complex. The complex hosts Balmoral’s high-grade nickel-copper-PGMs discovery.

As quoted in the press release:

As a result of today’s acquisitions, Balmoral controls a 100% interest in a 23 kilometre long northwest-trending belt underlain by strongly magnetic rocks marking the Grasset Ultramafic Complex and potential extensions. In addition to nickel-copper-PGE mineralization the belt has confirmed potential for both gold and zinc-copper (VMS) discoveries.

Balmoral’s president and CEO, Darin Wagner, said:

With our drill program progressing well on the Grasset Nickel-Copper-PGE discovery it was important to tie up the remaining mining claims along the projection of the GUC and secure the entirety of the exploration upside in this exciting discovery for our shareholders.

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