Balmoral Releases Final Results from Drilling at Bug Lake Gold Trend

Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) released the final results from the winter 2015 drill program at the Bug Lake gold trend, located at its Quebec-based Martiniere project.

As quoted in the press release:

Results were highlighted by intercepts of 4.16 g/t gold over 38.19 metres, including a high-grade core of 25.05 g/t gold over 5.10 metres from the Lower Bug Lake Zone, and 17.71 g/t gold over 9.00 metres, including a high-grade core of 31.54 g/t gold over 4.99 metres from the Footwall B Zone. The summer 2015 Martiniere drill program is anticipated to commence in July.

The Bug Lake Gold Trend hosts four, sub-parallel gold zones – Hanging Wall, Upper Bug Lake, Lower Bug Lake and Footwall Zones. The four zones, and several sub-zones, are located within a 100 to 175 metre wide structural corridor centered on the Bug Lake Fault and porphyry. All four zones exhibit steep dips and moderate plunges to the south.

Darin Wagner, president and CEO of Balmoral, commented:

The winter drill program has allowed us to more confidently delineate a number of high-grade zones and sub-zones along the Bug Lake Trend, locally added to the previously defined gold system and will aid considerably in targeting extensions to the zones and overall gold system on the Martiniere Property. Exploration activities have resumed and we look forward to more strong results as we continue to delineate the opportunities at Martiniere and Grasset, and continue our evaluation of our extensive holdings in the area.

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

Balmoral is a Canadian-based discovery company focused on the delineation of high-grade gold and nickel-copper-PGE discoveries on its wholly owned, 700+ square kilometre Detour Trend Project in Quebec, Canada. With a philosophy of creating value through the drill bit and a focus on proven productive precious/base metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian base metal and gold assets.