| | Published : March 02nd, 2011 | Balmoral Intersects 11=2E18 g/t Gold Over 12=2E00 Metres in First Hole on Martiniere P |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
|
March 2, 2011 |
Balmoral Intersects 11.18 g/t Gold Over 12.00 Metres in First Hole on Martiniere Project, Quebec
-- Includes Higher-Grade core of 19.47 g/t over 6.25 metres
-- Part of Broader Intercept - 72.00 metres grading 2.40 g/t gold |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2011) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) announced today that the first hole of its winter 2011 program on its wholly owned Martiniere Project, located along the Detour Lake Gold Trend in Central Quebec, has intersected three high-grade gold bearing intervals within a 72.00 metre wide gold zone which returned an average grade of 2.40 g/t gold. The three high-grade sections returned intercepts of 11.18 g/t gold over 12.00 metres, 4.53 g/t gold over 5.25 metres and 10.20 g/t gold over 0.50 metres. Hole MDW11-01 was the first hole of a planned 20+ hole winter program and targeted the Martiniere West Zone, one of three known gold zones on the Martiniere Property.
"Today's high-grade intercepts from the Martiniere West Zone exceed any historic results and illustrate what we believe to be the outstanding potential of this project," said Darin Wagner, President and CEO of Balmoral. "While one never wants to put too much emphasis on a single hole, today's results confirm the high-grade potential of the Martiniere gold system which has been traced for over 1.20 kilometres along strike and which remains open in all directions. These results also help to confirm our working model which indicates the potential for the discovery of multiple high-grade gold zones on the Martiniere Project and speak to the highly prospective nature of the 70+ kilometres of the Detour Lake Gold Trend now controlled by Balmoral."
----------------------------------------------------------------------------
Hole From To Interval(i) Gold
No. Metres Metres Metres g/t
----------------------------------------------------------------------------
MDW11-01 92.00 164.00 72.00 2.40
including 106.00 118.00 12.00 11.18
including 107.75 114.00 6.25 19.47
and including 146.00 151.25 5.25 4.53
and including 158.00 158.50 0.50 10.20
----------------------------------------------------------------------------
(i)Insufficient drilling has been completed to date to determine the true
thickness of the mineralized zone
The Company has requested screen metallic assays on the high-grade core of the intercepts announced today and those results, should they vary in a material fashion from those released today, will be released as they become available.
Drill hole MDW11-01 was collared 25 metres up-dip of historic drill hole MD07-14 to test the interpreted plunge of the high-grade gold mineralization intersected in that hole. MD07-14 had returned high-grade intercepts of 5.86 g/t gold over 4.00 metres and 4.47 g/t gold over 4.00 metres within a broader zone grading 1.27 g/t gold over 49.00 metres.
Both holes are located within the central portion of the Martiniere West Zone, a 450+ metre long trend of alteration and gold mineralization which remains open in all directions. Gold mineralization within the Martiniere West Zone is associated with a broad envelope of silica flooding, tourmaline and sulphide mineralization centered on a zone of structural deformation. The deformation zone is located within a mafic (gabbroic) intrusion which is marked by a magnetic anomaly which can be traced for over 2.0 kilometres. The gabbro body occurs at the contact between felsic volcanic and sedimentary lithologies.
Seven additional holes have now been completed along the Martiniere West Zone. Results are pending and will be released as they become available. The Martiniere West Zone is one of three known zones of gold mineralization located on the Martiniere Project. The Martiniere gold trend parallels, and occurs approximately 2.70 kilometres north of, the regional Sunday-Detour Lake deformation zone. The Company is now looking to add an additional drill to the Martiniere Project to accelerate testing of the West, Central and East gold zones.
Sectional drilling also continues on the Company's nearby Fenelon gold project. Initial results from the Fenelon Project are anticipated within the next 2-3 weeks. A photograph of the drill core from today's intercept along with a cross-section will be posted on the Company's website at www.balmoralresources.com.
Quality Control
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 initial work programs on the properties, visited the properties on multiple occasions, examined the drill core from the holes summarized in this release and reviewed the analytical and quality control results. The Company has requested screen metallic gold assays from the higher grade portions of the zone intersected in the above mentioned MDW11-01.
Balmoral has implemented a quality control program for all of its drill programs to ensure best practice in the sampling and analysis of the drill core which includes the insertion of blind blanks and certified standards into sample stream. NQ sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization and alteration. The remaining half of the core is securely stored on-site at the Company's Fenelon camp in Central Quebec. Drill core samples are transported in sealed bags to ALS-Chemex's Val d'Or, Quebec analytical facilities. Gold analyses are obtained via industry standard fire assay with atomic absorption finish using 50 g aliquots. For samples returning greater than 1.0 g/t gold the sample is re-analyzed via fire assay with a gravimetric finish. The Company has also requested that any samples returning greater than 8.0 g/t gold undergo screen metallic assay. ALS Chemex is an ISO 9001-200 and ISO 17025 certified laboratory.
About Balmoral Resources Ltd. (www.balmoralresources.com)
Balmoral Resources Ltd. is a Vancouver-based precious metal exploration and development company focused on district scale precious metal opportunities in politically favourable jurisdictions in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts in Canada, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and expansion of high-grade gold resources.
On behalf of the board of directors of BALMORAL RESOURCES LTD.
Darin Wagner, President and CEO
This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. | |
|
| | If you no longer want to receive announcements from us, please do not reply to this e-mail. Instead simply click .
Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Balmoral Res is a gold development stage company based in Canada. Its main asset in development is FENELON in Canada and its main exploration properties are MARTINIERE and NORTHSHORE in Canada. |
|
|
|
|
1/14/2016 | Testing Only |
1/14/2016 | Balmoral - Letter from the President |
11/3/2015 | Balmoral Confirms New Gold Bearing Fault System on Martinier... |
10/16/2015 | Balmoral Announces $4.5 Million Flow-Through Private Placeme... |
9/30/2015 | BALMORAL REPORTS POSITIVE METALLURGICAL RESULTS FROM INITIAL... |
9/8/2015 | Balmoral Extends Grasset H3 Zone to Depth with Intersection ... |
8/27/2015 | Balmoral Updates Expansion and Delineation Programs on H3 Ni... |
4/20/2015 | RETRANSMISSION - Balmoral Intersects 19.55 G/t Gold Over 44.... |
4/20/2015 | Balmoral Intersects 19.55 g/t Gold Over 44.45 Metres, Bug La... |
4/9/2015 | Balmoral Extends Grasset Horizon 3 Ni-Cu-PGE Discovery by 20... |
4/9/2015 | Extends Grasset Horizon 3 Ni-Cu-PGE Discovery by 20% to Over... |
2/24/2015 | Balmoral Appoints Vice President, Corporate Development |
2/2/2015 | Balmoral Options N1-N2 Project to Wealth Minerals |
1/19/2015 | Balmoral Commences Winter 2015 Program on Detour Trend Proje... |
12/18/2014 | Balmoral Continues to Expand Grasset Ni-Cu-PGE Discovery |
12/11/2014 | Balmoral Identifies Over 50 Conductors Along Grasset Trend |
1/15/2014 | Upcoming Events |
11/14/2013 | Named Prospector of the Year in Quebec |
10/30/2013 | Closes Second and Final Tranche of |
10/30/2013 | Extends Bug Lake Gold Trend to Over 1,000 Metres |
10/23/2013 | (Northshore)Reports Resumption of Drill Program =?ISO-8859-1?Q?=20on=20N... |
9/5/2013 | (Martiniere)Outlines Large, New I.P. Anomaly at Martiniere, Quebec |
8/15/2013 | Balmoral Hits the Big Board |
8/15/2013 | Announces Final Approval for Graduation to TSX |
8/6/2013 | (Martiniere)Reports Resumption of Expansion Drill =?ISO-8859-1?Q?=20Prog... |
7/30/2013 | Receives Conditional Approval for Graduation to TSX |
6/19/2013 | Mid-Day Breaking News From Archer Petroleum, Balmoral, and G... |
6/19/2013 | Reports Results From 2013 Annual General Meeting |
5/30/2013 | Balmoral Reports Final Results of Winter 2013 Drill Program ... |
5/30/2013 | (Martiniere)Reports Final Results of Winter 201 =?ISO-8859-1?Q?3=20Drill... |
5/28/2013 | Balmoral Reports 196.50 Metres Grading 0.66 g/t Gold, Includ... |
5/28/2013 | Reports 196=2E50 Metres Grading 0=2E6 =?ISO-8859-1?Q?6=20g/t... |
5/13/2013 | (Martiniere)Extends Bug Lake Gold Zone by 350 =?ISO-8859-1?Q?=20Metres-D... |
5/9/2013 | (Northshore)Reports Further Expansion of Afric =?ISO-8859-1?Q?Gold=20Zon... |
4/16/2013 | Balmoral Adopts Advance Notice Policy |
4/5/2013 | Balmoral Completes Winter Drill Program at Martiniere |
4/5/2013 | (Martiniere)Completes Winter Drill Program at Martiniere |
2/7/2013 | Grants Stock Options |
1/31/2013 | Join us at Our Upcoming Events |
1/28/2013 | Balmoral Reports More High Grade Intercepts From the Martini... |
1/18/2013 | Balmoral Commences 2013 Drill Program on Detour Gold Trend |
1/18/2013 | Commences 2013 Drill Program on Detour Gold Trend |
1/15/2013 | Mid-Day Breaking News From Silver Bear, Balmoral, TomaGold, ... |
1/8/2013 | =?ISO-8859-1?Q?Balmoral=20Reports=20Further=20Expansion,=20N... |
11/9/2012 | Balmoral Intersects 7.94 g/t Gold Over 19.70 Metres BL Footw... |
10/31/2012 | Balmoral Confirms and Expands Three High-Grade Gold Zones in... |
10/31/2012 | (Martiniere)Confirms and Expands Three High-Grade =?ISO-8859-1?Q?=20Gold... |
10/15/2012 | (Martiniere)Continues to Expand Martiniere Gold =?ISO-8859-1?Q?=20System... |
10/4/2012 | Mid-Day Breaking News From Mountain Boy, Balmoral , and Abz... |
10/4/2012 | Balmoral Intersects 15.09 g/t (0.44 oz/t) Gold Over 5.18 Met... |
10/4/2012 | Announces Closing of $8,004,000 Flow-Through Offering |
10/3/2012 | =?ISO-8859-1?Q?Balmoral=20Intersects=2015=2E09=20g/t=20(0=2E... |
9/21/2012 | Mid-Day Breaking News From Commerce, Balmoral, Novadx, and M... |
9/12/2012 | Announces Increase to Previously Announced Equity Financing |
9/12/2012 | Mid-Day Breaking News From Prophecy Platinum, Balmoral, Canc... |
9/12/2012 | Announces $5=2E0 Million Bought Dea |
8/29/2012 | Mid-Day Breaking News From Balmoral, Great Atlantic, Lomiko,... |
8/29/2012 | (Martiniere)Discovers Three More Broad Areas of =?ISO-8859-1?Q?=20Gold=2... |
8/20/2012 | (Northshore)Drilling Resumes on Balmoral's Northshore Property, Ontario |
8/16/2012 | Balmoral Intersects 273 g/t (8 oz/ton) Gold Over 3.88 Metres... |
8/16/2012 | =?ISO-8859-1?Q?Balmoral=20Intersects=20273=20g/t=20(8=20oz/t... |
8/13/2012 | The Abitibi Knows No Boundaries: Balmoral Sets Out to Prove ... |
7/12/2012 | (Northshore)Afric Zone Continues to Expand on Balmoral =?ISO-8859-1?Q?=2... |
4/25/2012 | (Martiniere)Continues to Expand Martiniere Gold System |
4/16/2012 | Added to S&P/TSX Venture Select Index |
3/13/2012 | Announces Closing of $3 Million B |
3/2/2012 | at PDAC; New Corporate Video |
2/23/2012 | Joins OTCQX |
2/21/2012 | Balmoral Announces $3=2E04 Million Bought De |
10/14/2011 | CORRECTION FROM SOURCE: Balmoral Increases Flo |
9/12/2011 | Ltd=2E: Notification to Investors of Research Coverage by MP... |
9/8/2011 | attending Precious Metals S =?ISO-8859-1?Q?ummit,=20Colorado... |
7/7/2011 | Announces Significant Gold Discoveryon Detour Gold Trend in ... |
6/6/2011 | Balmoral Grants Stock Options |
6/6/2011 | Passing of Mr. Wayne O'Connor; Advisor to the Company |
5/4/2011 | Balmoral Reports Multiple High-Grade Gold Intercepts from Co... |
5/2/2011 | Balmoral Commences Geophysical Program at Detour East |
4/20/2011 | Balmoral Announces Closing of $3 Million Flow-Through Offeri... |
3/22/2011 | Balmoral Announces $2.0 Million Flow-Through Private Placeme... |
2/15/2011 | Website Launched |
2/10/2011 | participating at the World Outlook =?ISO-8859-1?Q?Financial=... |
|
|