Continues To Expand Bug Lake Gold Zone, Detour Gold Trend Project, Quebec
Vancouver, Nov 20, 2014 AEST (ABN Newswire) - Balmoral Resources Ltd. (
TSE:BAR) (BALMF:OTCMKTS) reported final results from the 2014 summer drill program on the Company's wholly owned Martiniere Property in Quebec. Results from 13 holes along the Bug Lake Trend were reported, 7 from the northern extension of the Trend and 6 from the fault offset area which separates the northern and southern segments of the Bug Lake Gold Zone. Highlights include the extension of the Bug Lake Trend by 250 metres to the north-northwest, discovery of high-grade gold mineralization in a new, east-west trending (Sunday Lake parallel) deformation zone and a near surface intercept of 14.78 g/t gold over 2.66 metres from the northern extension of the Hanging Wall sub-zone.
"The discovery of high-grade, quartz-vein hosted, gold mineralization in two locations over 2,500 metres apart along the new northern deformation corridor opens up yet another avenue for gold exploration in the Martiniere area" said Darin Wagner, President and CEO of Balmoral. "It also provides important information concerning the structural architecture of the Martiniere area and highlights a number of additional target areas that have never seen a drill bit."
Drill holes MDE-14-153 to MDE-14-156 and MDE-14-163 to MDE-14-165 tested the northern extension of the Bug Lake Fault Zone with holes 155, 156 and 163 to 165 testing a north-west trending portion of the Bug Lake Trend. These latter holes extend the Trend by approximately 250 metres to the intersection with a newly defined east-west trending deformation zone. This newly intersected deformation zone hosts localized quartz+/-carbonate veining cutting variably deformed mafic volcanic and felsic intrusive rocks. A 0.63 metre interval of quartz veining within this corridor returned 15.35 g/t gold. A similar interval of quartz veining located along the projection of this same deformation zone 2,500 metres to the west returned 25.50 g/t gold over 0.43 metres in hole MDX-14-46.
Drill holes MDE-14-157 to MDE-14-162 were drilled to delineate a zone of late faulting which offsets the northern and southern segments of the Bug Lake Zone. Several of these holes intersected fault bound portions of the Bug Lake Zone.
To view figures and tables, please visit:
http://media.abnnewswire.net/media/en/docs/78727-TSE-BAR-20141120.pdf
About Balmoral Resources Ltd
Balmoral Resources Ltd. (
TSE:BAR) (OTCMKTS:BALMF) is a Canadian-based discovery company focused on high-grade nickel and gold 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.
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