Resource News

Balmoral Resources Ltd. (TSXV:BAR, OTCQX:BALMF) announced that they have finished the winter 2013 drill program on its Detour Trend Gold Project in Quebec, where they identified a new area of anomalous gold mineralization.

As quoted in the press release:

Balmoral Resources Ltd. (TSXV:BAR, OTCQX:BALMF) announced that they have finished the winter 2013 drill program on its Detour Trend Gold Project in Quebec, where they identified a new area of anomalous gold mineralization.

As quoted in the press release:

Results received to date (see NR13-06; Mar. 4, 2013) have indicated that high-grade gold mineralization can now be traced for over 850 metres along the trend of the Martiniere West Zone, more than doubling the previously known length of this trend and extending to over 2,000 metres the northeast-southwest strike extent of the Martiniere gold system. As well, recently received results indicate the discovery of a new area of anomalous gold mineralization located approximately 500 metres northeast of the Bug Lake Zone in an area of the property which had not been previously. Hole MDX-13-20 intersected a number of intervals of anomalous gold mineralization (ranging from 0.96 g/t gold to 2.67 g/t gold) over drill indicated intervals of 0.32 to 3.03 metres. The anomalous gold mineralization occurs within a zone of increased pyrite content and quartz-carbonate veining between 82.83 and 114.25 metres down hole. This new discovery and the others announced earlier continue to demonstrate the highly prospective nature of the Company’s extensive land holdings along the Detour Gold Trend, adjacent Canada’s newest gold producer.

To view the whole press release, click here.

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