Balmoral Resources- BAR.to – The Daily Gold

Balmoral Reports Recoveries of 91% from Preliminary Metallurgical Testing of Bug Lake Zones

Balmoral Resources- BAR.to — Mon, 14 Dec 2015 06:49:44 +0000

Balmoral today announced that gold recoveries of 91.4% and silver recoveries of 80.2% have been achieved in preliminary metallurgical testing conducted on a composite sample comprised of material from the four principal gold bearing zones located along the Bug Lake Trend on the Company’s Martiniere Property in Quebec. Results were achieved by standard flotation followed by cyanide leaching of the flotation concentrate and tails.

The Bug Lake Composite sample was collected from previously drilled core holes. It was dominantly comprised of material from the Lower Bug Lake Zone, but included representative material from the Hanging Wall, Upper Bug Lake and Footwall Zones. The average assayed head grade for the Bug Lake Composite was 6.3 g/t gold and 7.1 g/t silver. The current metallurgical testing was performed on behalf of the Company by Blue Coast Research Ltd. of Parksville, British Columbia following an initial stage of work conducted by SGS Minerals in Lakefield, Ontario.

“Today’s results provide a very positive start to the metallurgical work on the Bug Lake Zones, indicating plus 90% gold recoveries” said Darin Wagner, President and CEO of Balmoral. “The preliminary work suggests there are no concerns regarding the blending of the multiple zones located along the Trend and indicates some room to potentially increase recoveries with more detailed testing now that general metallurgical parameters have been established. The very fast leach kinetics, potential to work with a relatively coarse grind, and lack of deleterious elements were additional positives from the testing.”

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Balmoral Resources Closes Second Tranche of Flow-Thru Private Placement

Balmoral Resources- BAR.to — Mon, 23 Nov 2015 19:50:21 +0000

Balmoral Resources was able to beef up its cash position to +$10 Million....

Balmoral Resources Announces $4.5M Private Placement

Balmoral Resources- BAR.to — Tue, 20 Oct 2015 06:57:47 +0000

The financing is at a 44% premium to market. This will take the company’s cash position to +$10 Million.

News Release

Balmoral Resources Presents at PM Summit

Balmoral Resources- BAR.to — Sun, 27 Sep 2015 19:21:41 +0000

Great update on the company in this video...

Balmoral Resources Expansion & Delineation Programs on H3 Nickel & Bug Lake Gold Zones

Balmoral Resources- BAR.to — Thu, 03 Sep 2015 06:30:30 +0000

Balmoral Resources updated its ongoing resource delineation/expansion and exploration activities on the Company’s Detour Trend Project in Quebec. The summer/fall exploration program has focused on further expansion and delineation of the H3 Ni-Cu-PGE Zone and high-grade Bug Lake Gold Zones. Drilling continues on the H3 Zone and on exploration targets through the Detour Trend Project for both gold and nickel. Initial results from the summer program are anticipated over the next 2-3 weeks, with additional results to follow throughout the end of Q3 and into Q4, 2015.

The Detour Trend Project encompasses over 700 square kilometres of highly prospective ground located at the northern end of the Abitibi Greenstone Belt. The Project is situated between the Detour Gold mine to the west, currently one of Canada’s largest gold mines, and the Matagami base metal camp to the east. Wholly owned and already host to a number of new discoveries the Project covers one of the least explored sections of the Abitibi.

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Balmoral Rolls Out 3 Drills on Detour Trend Project, Quebec

Balmoral Resources- BAR.to — Mon, 13 Jul 2015 19:36:59 +0000

• 2 Drills Currently Focused on Expansion and Confirmation of H3 Nickel Zone• Third Drill to Continue Expansion and Infill Drilling of Martiniere Gold System
(Vancouver, July 6, 2015) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) advised today that the summer/fall 2015 drill program on the Company’s Detour Trend Project in Quebec is underway with several holes already completed. Three drills are now active on the Project and will remain so throughout the summer and fall. The focus of the summer/fall program will be to expand and delineate Balmoral’s discoveries along the Grasset Nickel Trend and throughout the Martiniere Gold System. In total the Company anticipates completing approximately 20,000 metres of diamond drilling during the summer/fall program. The Grasset and Martiniere Properties form part of Balmoral’s 700+ square kilometre Detour Trend Project located in west-central Quebec.

H3 Nickel-Copper-PGE Zone and GUC Exploration Drilling — Grasset Nickel Trend

On the Grasset Property infill and expansion drilling is now underway with two drills targeting the H3 nickel-copper-PGE Zone. Fourteen drill holes (2 designated as infill and 12 as expansion holes), totaling approximately 6,000 metres, are currently planned. Additional drilling may be added should these holes prove successful in further expanding the high-grade core of the H3 Zone. Upon completion of this phase of the program, modelling of the maiden H3 Zone resource will be initiated with a goal of delivering the resource during Q4, 2015. Metallurgical work on the H3 Zone is currently underway with initial results anticipated in the third quarter of 2015. Balmoral’s H3 Zone represents the first significant Ni-Cu-PGE sulphide discovery in the northern Abitibi in over a decade. Additional recent discoveries of Ni-Cu-PGE mineralization by the Company in the immediate Grasset area indicate emerging district scale discovery potential.

In that vein, following completion of the H3 expansion and infill program, both drills will commence testing of additional targets located along the projected trend of the Grasset Ultramafic Complex (“GUC”). Winter 2015 drilling by Balmoral, and recent re-logging of historic drill holes located along the southern 8.0 kilometres of the GUC, has identified numerous occurrences of Ni-Cu-PGE bearing sulphides indicating potential for additional H3 style Ni-Cu-PGE discoveries on a district scale. Ground geophysical work completed following the winter drill program has outlined a number of targets for immediate follow-up, including several associated with known occurrences of Ni-Cu-PGE mineralization. It is anticipated that up to 20 individual targets could be tested during the summer/fall program.

Bug Lake Gold Trend — Martiniere Gold System

A third drill has recently been mobilized and is set to commence drilling targets along the Bug Lake Gold Trend and throughout the broader Martiniere Gold System. Approximately 5,000 metres of drilling is planned for the Martiniere system this summer/fall. Along the Bug Lake Gold Trend the focus will remain on the infill and expansion of the shallow (sub 250 vertical metre) portion of the four principal sub-parallel high grade zones which comprise the Bug Lake Gold Trend. These zones continued to produce very strong results, including intercepts of 19.55 g/t gold over 44.45 metres and 7.01 g/t gold over 22.48 metres (see NR15-05, Apr. 20, 2015), from the recent winter 2015 infill program, further confirming the robust nature of the Martiniere system.

Outside the Bug Lake Trend the Company will target several geophysical targets which share similarities with the Bug Lake Zones and the nearby Detour Gold deposit. Included in this will be follow-up testing of a new gold discovery made by the Company in the fall of 2014 located 2.0 kilometres northwest of the Bug Lake Trend. Balmoral’s strong cash position will continue to allow it to accelerate or expand the current program as warranted by early results.

Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Wagner has supervised the work programs on the Martiniere and Grasset Properties, visited the properties on multiple occasions, examined the drill core and/or photographs from the holes summarized in this release, reviewed the results with senior on-site geological staff and reviewed the available analytical and quality control results.

About Balmoral Resources Ltd. — www.balmoralresources.com

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.

On behalf of the board of directors of
BALMORAL RESOURCES LTD.

“Darin Wagner”

President and CEO

For further information contact:
John Foulkes, Vice-President, Corporate Development
Tel: (604) 638-5815 / Toll Free: (877) 838-3664
E-mail: jfoulkes@balmoralresources.com

Balmoral Intersects 38.19M of 4.16 g/t Gold, Bug Lake Gold Trend, Martiniere Property

Balmoral Resources- BAR.to — Thu, 11 Jun 2015 18:55:35 +0000

(Vancouver, June 10, 2015) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today reported the final results from the winter 2015 Bug Lake Gold Trend drill program on the Company’s wholly owned Martiniere Property in Quebec. 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 (see Table below and Figure 1). 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.

“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” said Darin Wagner, President and CEO of Balmoral. “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.”

Full News Release

Balmoral Intersects 9.30 g/t Gold Over 15.75 metres, Bug Lake Gold Trend, Martiniere Property

Balmoral Resources- BAR.to — Wed, 13 May 2015 23:54:49 +0000

Balmoral Resources Ltd. today released results for 11 holes from the recently completed winter 2015 drill program on the company’s wholly owned Martiniere property. Results were highlighted by intercepts of 9.30 grams per tonne gold over 15.75 metres, including 18.11 grams per tonne gold over 7.51 metres, from the Footwall zone in hole MDE-15-175A.

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Balmoral Intersects 19.55 g/t Gold Over 44.45 M at Bug Lake Gold Trend

Balmoral Resources- BAR.to — Mon, 20 Apr 2015 17:47:16 +0000

Vancouver, April 20, 2015) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today reported results for the first 9 holes from recently completed winter 2015 drill program on the Company’s wholly owned Martiniere Property. The Martiniere Property forms part of the Company’s 700+ square kilometre Detour Trend Project and is located approximately 40 km west of Balmoral’s Grasset Ni-Cu-PGE discovery.

Results were highlighted by intercepts of 19.55 g/t gold over 44.45 metres, including 34.84 g/t gold over 24.14 metres in hole MDE-15-166, one of the strongest intercepts to date from the Footwall Zone, and 4.28 g/t gold over 53.78 metres from the combined Lower Bug Lake and Footwall Zones in hole MDE-15-73, including 7.01 g/t gold over 22.48 metres through the Footwall Zone.

Drilling focused on infill and expansion of the known gold zones across a 225 long x 150 metre deep section of the 1,200 metre long x 400 metre deep, open ended Bug Lake Gold Trend. Today’s results continue to demonstrate the continuity of high-grade gold mineralization within the numerous zones located along the north-south oriented Bug Lake Gold Trend, and in particular the very high-grade nature of the Footwall and Hanging Wall Zones (see Figures 1, 2 and 3).

Full Release at Balmoral’s Website

Balmoral Extends Grasset Horizon 3 Ni-Cu-PGE Discovery by 20% to Over 480 M Along Strike

Balmoral Resources- BAR.to — Thu, 09 Apr 2015 18:37:51 +0000

(Vancouver, April 9, 2015) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) reported initial results from the winter 2015 drill program targeting extensions of the Horizon 3 Ni-Cu-PGE discovery and additional nickel targets within the Grasset Ultramafic Complex (“GUC”). The Grasset nickel discoveries are located on the Company’s wholly owned, 700+ square kilometre Detour Trend Project in Quebec. Results are highlighted by a high-grade intercept of 8.45 metres grading 2.13% Ni, 0.33% Cu, 0.75 g/t Pt and 1.59 g/t Pdin hole GR-15-73 and by a 20% increase in the known strike extent of the Horizon 3 Ni-Cu-PGE discovery to over 480 metres.

Drill holes GR-15-69, 70 and 72 were drilled 100 metres along strike from hole GR-14-22 which previously marked the northwestern extent of the discovery (See Figures 1, 2 and 3). All three holes intersected Ni-Cu-PGE mineralization along projected extension of Horizon 3 with holes 69 and 70 returning significant intercepts. The Horizon 3 discovery remains open to the northwest and to depth. Hole GR-15-70 includes a 0.48 metre intercept of semi-massive sulphide mineralization which returned 7.37% Ni, 1.80% Cu, 0.78 g/t Pt and 0.89 g/t Pd.

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