Balmoral Resources Confirms New Gold Bearing Fault System at Martiniere

Gold Investing

Balmoral Resources (TSX:BAR) reported results from its summer/fall 2015 drill program at its Martiniere property in Quebec.Drilling has confirmed a new, gold bearing fault system called the Lac du Doigt, which has the potential to extend for several kilometers across the property.

Balmoral Resources (TSX:BAR) reported results from its summer/fall 2015 drill program at its Martiniere property in Quebec.Drilling has confirmed a new, gold bearing fault system called the Lac du Doigt, which has the potential to extend for several kilometers across the property.
As quoted in the press release:

The last exploration hole of the 2014 program at Martiniere – MDX-14-46 – was collared approximately 2.50 kilometres west of the current northern margin of the Bug Lake Gold Trend to test an east-west trending structural zone interpreted from magnetic data (see Figure 2). MDX-14-46 successfully intersected three occurrences of gold mineralization. The shallowest intercept, associated with quartz-tourmaline veining, returned 3.27 g/t gold over 3.64 metres including 25.50 g/t gold over 0.43 metres at the bedrock collar. Two other anomalous intercepts (see Table 2 below) further down the hole are associated with sericite-pyrite alteration hosted by felsic porphyry sills developed within the Lac du Doigt Fault Zone.
Hole MDX-15-48 was collared approximately 185 metres east of MDX-14-46 and also intersected three intervals of anomalous gold mineralization, an upper vein zone and two lower porphyry hosted intervals, suggesting local continuity to the gold mineralized occurrences within the Fault Zone. The Porphyry 2 occurrence shows a significant broadening to the east over the 185 metres between the two holes. The Lac du Doigt Fault is untested west of these two holes. It is also untested for a 2.30 kilometre span between the current drilling and the northern end of the Bug Lake Gold Trend where there are indications of gold mineralization within the projection of this structure. The Lac du Doigt Fault Zone thus provides an extensive new, and largely untested, gold target on the Martiniere Property.

Click here for the full press release.

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