Balmoral Resources has begun drilling at its Grasset Ultramafic Complex to expand recent high grade nickel-copper-cobalt-PGE sulphide discoveries.
Balmoral Resources (TSX:BAR,OTCQX:BALMF) has begun drilling at its Grasset Ultramafic Complex (GUC) in Quebec, Canada in an effort to expand recent high grade nickel-copper-cobalt-PGE sulphide discoveries.
The current program entails approximately 1,500 metres of drilling in GUC’s central area; future drill plans and geophysical work will be decided after this phase is complete.
As stated in the press release:
Drilling in late 2018 resulted in the discovery of a number of new nickel-copper-cobalt-PGE occurrences within the ultramafic volcanic facies of the GUC. Results were highlighted by an intercept of 7.58 metres grading 1.05 percent nickel, 0.31 percent copper, 0.05 percent cobalt, 0.20 grams per tonne platinum and 0.48 grams per tonne palladium, including a massive sulphide intercept which graded 4.14 percent nickel, 0.26 percent copper, 0.18 percent cobalt, 0.81 grams per tonne platinum and 1.93 grams per tonne palladium over 0.65 metres, from one of four new discoveries, each of which returned greater than 1 percent nickel.
Follow-up geophysical work indicated a number of nearby EM anomalies interpreted to represent continuations of the massive sulphide intervals intersected. At least two of these geophysical anomalies will be targeted during the current round of testing.
Darin Wagner, President and CEO of Balmoral, commented:
“We are excited to begin the process of evaluating the recent nickel sulphide discoveries made by the team within the GUC and by the potential they hint at for the balance of the belt going forward. The goal of this program is to determine the controls on the new discoveries so we can quickly expand them and move to target additional nickel sulphide mineralization of this type throughout the belt.”