The Prospector News

Balmoral Intersects 19.55 G/t Gold Over 44.45 Metres, Bug Lake Gold Trend, Martiniere Property, Quebec

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Balmoral Intersects 19.55 G/t Gold Over 44.45 Metres, Bug Lake Gold Trend, Martiniere Property, Quebec

 

 

 

 

 

Balmoral Resources Ltd. (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).

 

 

“We are pleased to see our initial winter assays meet, or in several cases exceed, results from our previous work in this portion of the Bug Lake Gold Trend and pleasantly surprised with the identification of high-grade base metal sulphides potentially associated with the Martiniere East VMS system” said Darin Wagner, President and CEO of Balmoral Resources.

 

 

Table 1 – Bug Lake Gold Trend

 

Hole

Northing

Easting

Dip

From

To

Interval*

Gold

Zone

Number

(Degrees)

(Metres)

(Metres)

(Metres)

(g/t)

MDE-15-166

1+00N

2+80W

-60

58.62

62.13

3.51

8.49

U Bug Lake

including

59.96

60.36

0.40

55.30

96.26

96.81

0.55

15.10

Footwall A

104.15

107.14

2.99

6.03

Footwall B

118.78

163.23

44.45

19.55

Footwall

including

134.80

158.94

24.14

34.84

which includes

134.80

141.91

7.11

75.64

including

136.44

137.75

1.31

158.56

and

147.87

157.18

9.31

30.45

191.61

192.25

0.64

5.65

Footwall 2

MDE-15-167

0+00N

2+10W

-58

64.24

73.81

9.57

3.91

HW

including

65.64

66.37

0.73

16.55

and

72.97

73.81

0.84

14.75

138.26

139.22

0.96

6.64

?

150.31

197.15

46.84

1.39

L Bug Lk + FW

including

164.64

166.21

1.57

12.05

L Bug Lake

and

183.17

183.58

0.41

18.15

Footwall A

and

191.63

196.39

4.76

2.82

Footwall

which includes

194.80

195.38

0.58

9.02

MDE-15-168

0+00N

2+10W

-63

71.60

72.50

0.90

32.80

HW

138.51

156.57

18.06

0.73

U Bug Lake

including

138.51

139.38

0.87

3.08

167.50

187.58

20.08

2.21

L Bug Lake

including

176.64

187.58

10.94

3.93

which includes

182.29

187.58

5.29

6.33

194.15

222.00

27.85

4.58

FW

including

199.37

210.36

10.99

11.17

MDE-15-169

1+25N

2+90W

-51

33.09*

42.56

9.47

2.07

U Bug Lake

including

39.02

39.74

0.72

14.75

78.45

79.53

1.08

3.05

FWA

98.10

98.77

0.67

24.80

FW

142.41

143.3

0.89

6.19

FW2

MDE-15-170

1+25N

2+90W

-59

31.22

51.23

20.01

3.61

U Bug Lake

including

32.56

33.20

0.64

69.70

which includes

31.22

40.16

8.94

6.55

and including

50.45

51.23

0.78

8.87

61.36

65.00

3.64

2.47

L Bug Lake

105.48

116.41

10.93

23.02

FW

including

111.63

115.65

4.02

43.40

MDE-15-171

1+50N

2+20W

-47

69.43

70.12

0.69

90.40

HW

130.40

146.98

16.58

1.03

L Bug Lake

including

137.19

137.59

0.40

5.11

MDE-15-172

2+25N

2+80W

-46

35.12

49.79

14.67

1.73

U Bug Lake

including

40.77

46.59

5.82

3.24

VMS

64.55

80.31

15.76

0.52

L Bug Lake

MDE-15-173

1+00N

2+30W

-54

59.58

60.33

0.75

8.63

HW

87.77

141.55

53.78

4.28

L Bug Lk + FW

including

87.77

97.57

9.80

5.54

L Bug Lake

and

108.14

113.96

5.82

2.53

and

119.07

141.55

22.48

7.01

FWA + FW

which includes

123.66

125.20

1.54

12.41

FWA

and

138.45

141.55

3.10

39.42

FW

MDE-15-174A

1+00N

2+30W

-64

35.19

35.75

0.56

53.00

?

68.40

72.87

4.47

9.14

HW

including

71.25

72.00

0.75

40.80

124.44

125.52

1.08

13.01

?

133.62

169.00

35.38

0.73

L Bug Lake

including

140.26

140.70

0.44

4.04

149.21

149.90

0.69

3.08

* Reported drill intercepts are not true widths. At this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.
** Collared into mineralized zone
U Bug Lake = Upper Bug Lake; L Bug Lake = Lower Bug Lake; FW = Footwall, HW = Hanging Wall; ? = Unassigned, vein style mineralization

 

 

Copper-Zinc-Silver-Gold Intercept

 

 

Drilling also intersected a 2.10 metre interval of high-grade copper-zinc-silver-gold mineralization which, while incorporated into the later Bug Lake mineralized system, is interpreted to be associated with the adjacent Martiniere East VMS system. Hole MDE-15-172 intersected 2.10 metres grading 1.52% Cu, 4.20% Zn, 29.44 g/t Ag and 2.79 g/t Au from a semi-massive sulphide interval incorporated into a brecciated phase of the Upper Bug Lake Gold Zone. The metal suite and associated trace elements are atypical of the Bug Lake Gold Trend and of clear VMS affinity. They would represent by far the strongest base metal results to date from the Martiniere East area. Today’s intercept provides a positive indication that the Martiniere East VMS system, and by inference VMS systems within the broader Detour Trend land package which have not been a primary focus of exploration targeting, are capable of producing base metal grades of economic interest similar to those observed in the nearby Selbaie and Mattagami camps.

 

 

Table 2 – Base Metal Intercept MDE-15-172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hole

 

From

 

To

 

Interval*

 

Copper

 

Zinc

 

Silver

 

Gold

Number

 

(Metres)

 

(Metres)

 

(Metres)

 

%

 

%

 

g/t

 

g/t

MDE-15-172

 

40.23

 

42.33

 

2.10

 

1.52

 

4.20

 

29.44

 

2.79

including

 

40.77

 

41.74

 

0.97

 

2.65

 

5.93

 

50.88

 

5.25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Reported drill intercepts are not true widths. At this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

 

Results from an additional 21 holes completed during the winter program remain pending. Additional infill and expansion drilling along the Bug Lake Gold Trend will resume in the second or third quarter of 2015, as will testing of additional gold and VMS targets throughout the Martiniere Property.

 

 

About Balmoral Resources Ltd.

 

 

Balmoral 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.

 

Posted April 20, 2015

Share this news article

MORE or "UNCATEGORIZED"


GT Gold Announces Closing of Final Tranche of Previously Announced Private Placement

GT GoldCorp.(TSX-V: GTT) (OTCQX: GTGDF) is plea... READ MORE

December 4, 2020

Pretivm to Divest Snowfield Property to Seabridge Gold for Cash Consideration of US$100 Million, a 1.5% Royalty and Contingent Consideration

Pretium Resources Inc. (TSX:PVG) (NYSE: PVG) announces that it, a... READ MORE

December 4, 2020

Marimaca Copper Closes C$28.98 Million Overnight Marketed Equity Financing and Clarifies Disclosure

Marimaca Copper Corp. (TSX: MARI)is pleased to announce tha... READ MORE

December 3, 2020

Gold Plus Mining Enters Into LOI to Acquire the “Vault” Epithermal Gold Project

GOLD PLUS MINING INC. (CSE :GPMI)(OTC: GPMNF)(F... READ MORE

December 3, 2020

Newrange Discovers New Gold Zone at Pamlico Project with Implications for Porphyry-Related Mineralization

Newrange Gold Corp. (TSX-V: NRG) (US: NRGOF) (Frankfurt: X6C) is ... READ MORE

December 3, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions