Balmoral Resumes Expansion Drilling of the Grasset Nickel-Copper-Cobalt-PGE Deposit

- October 5th, 2018

The company has expanded the Grasset portion of the summer-fall drilling program which will increase the planned program to over 11,000 metres in total.

Balmoral Resources (TSX:BAR) has announced that drilling on the Grasset and adjacent Fenelon properties in Quebec, focused on the continued evaluation of the nickel-copper-cobalt-PGE potential of the Grasset Ultramafic Complex, commenced during the last week of September.

The company said a second drill has now been added and has commenced drilling. The company has expanded the Grasset portion of the summer-fall drilling program which will increase the planned program to over 11,000 metres in total.

President and CEO of Balmoral, Darin Wagner said:

“Three years ago we suspended expansion drilling on the Grasset deposit and exploration drilling within the broader GUC following the dramatic crash of the nickel price. Today with the strengthening of the nickel market and the outlook for increasing demand for nickel sulphide deposits to help meet the burgeoning electric vehicle battery market, we are excited to return to the evaluation of the Grasset deposit and nearby discoveries. This new nickel sulfide belt is in its infancy from an exploration perspective and Balmoral controls it in its entirety.”

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

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