Balmoral Intersects 11.66 Metres Grading 6.25 g/t Gold, Including 5.47 Metres Grading 12.48 g/t Gold, in Fourth New Discovery of Fall 2016 Program

Balmoral Resources (TSX:BAR) has announced the discovery of a new near surface zone of high grade gold mineralization, the fourth discovery from its summer-fall 2016 drilling program on its Martiniere property.
As quoted in the press release:

The new discovery returned an intercept of 11.66 metres grading 6.25 g/t gold. This includes a higher grade core of 5.47 metres grading 12.48 g/t gold. The new discovery is located 250 to 300 metres east of the projection of the main Bug Lake Gold Trend in a largely untested area of the property (See Figure 1).
The Company also announced a number of new intercepts from the Bug Lower Steep gold deposit (see Table 2). These results are highlighted by intercepts of:

• 8.22 metres grading 4.13 g/t gold, including 2.02 metres grading 15.28 g/t gold
• 43.61 metres grading 1.93 g/t, including 17.68 metres grading 3.49 g/t gold
• 51.28 m @ 1.19 g/t gold, including 1.17 metres grading 7.52 g/t gold
• 28.44 metres grading 1.08 g/t gold, including 0.76 metres grading 30.20 g/t gold

The four holes reported from testing of the Lower Steep deposit span approximately 200 metres of down plunge, and 150 metres of vertical, extent. They further demonstrate the continuity of the gold mineralized zones which comprise the Lower Steep deposit. The Lower Steep is the least tested of the four principal gold deposits on the property. Gold mineralization has now been intersected along the Lower Steep for 850 metres down-plunge from the bedrock surface in 32 broadly spaced drill holes.

Click here to read the full press release.