Balmoral Intersects 4.5 I G/T GOld over 26.9 Meters in New Discovery

- October 17th, 2016

Balmoral Resources (TSX:BAR) has reported additional results from the summer/fall drill program on its wholly-owned Martiniere Property with results highlighted by its discovery of a new high-grade gold bearing vein zone. As quoted in the press release: This new discovery was intersected in hole MDE-16-221, approximately 90 metres above the Upper Bug Zone of the … Continued

Balmoral Resources (TSX:BAR) has reported additional results from the summer/fall drill program on its wholly-owned Martiniere Property with results highlighted by its discovery of a new high-grade gold bearing vein zone.
As quoted in the press release:

This new discovery was intersected in hole MDE-16-221, approximately 90 metres above the Upper Bug Zone of the Bug South deposit. It returned 4.51 g/t gold over 26.90 metres, including separate intercepts of 10.89 g/t gold over 6.80 metres and 15.89 g/t gold over 2.80 metres.
In total results from eight holes were reported, five from the Bug South deposit area (MDE-16-221, 222, 223, 226 and 227) and three from the Bug Southeast Zone and extension. The gold mineralized intercepts in holes MDE-16-224 and MDE-16-228 (see Figure 1) extend the strike length of the gold mineralized system along the Bug Lake Gold Trend by approximately 200 metres with it remaining open to the southeast, and to depth on all sections, for further expansion.
Drill hole MDE-16-225, tested the Bug Southeast Zone and returned 1.74 g/t gold over 17.16 metres, including two higher grade sub-intervals of 6.00 g/t gold over 1.72 metres and 7.40 g/t gold over 1.71 metres. MDE-16-225 tested beneath hole MDE-16-208, drilled during the winter program, which returned 1.23 g/t gold over 25.02 metres, including two similar higher grade sub-intervals of 8.60 g/t gold over 1.45 metres and 12.00 g/t gold over 1.00 metre (see NR16-10; June 8, 2016).
Results from an additional 42 drill holes completed on the Martiniere Property during the summer/fall program remain pending, including numerous follow-up holes to the recently announced intercept of 115.45 metres grading 1.40 g/t gold (see NR16-19; Sept 7, 2016) from the Bug South deposit.

Click here to read the full press release.

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