Balmoral Resources Ltd. (TSX:BAR) (OTCQX:BALMF) is pleased to announce that Balmoral’s exploration team have been recognized as the “Prospectors of the Year” in the Province of Quebec for their Bug Lake and related gold discoveries on the Company’s Detour Gold Trend Project. The award was presented last evening at the annual AEMQ awards ceremony in Quebec City, Quebec.
The Bug Lake Gold Trend now stretches for over 1,000 metres and remains open in multiple directions at shallow depths. The Bug Lake Gold Zone, and related sub-zones, continue to exhibit high-grade gold mineralization and form one component of the evolving Martiniere Gold System on the Company’s wholly owned Martiniere Property. Located 45 kilometres east of the Detour Gold Deposit, and a similar distance north of the producing Casa Berardi Gold Mine, the Martiniere System is centrally located within the Company’s 600+ square kilometre Detour Gold Trend Project within the northern segment of the prolific Abitibi Greenstone Belt.
“The highest honours are those bestowed by one’s peers and I am humbled to see Balmoral and its exploration team join a prestigious list of past recipients of this award,” said Darin Wagner, President and CEO of the Company. “Our team, under the direction of Vice President, Exploration, Richard Mann, has shown outstanding dedication, an unparalleled work ethic and perhaps most importantly a tremendous nose for finding mineralization over the last two years as we have worked to unlock the potential of the Martiniere Gold System and our extensive land holdings in the province of Quebec.”
Balmoral would also like to thank its exploration partners including Equity Exploration Consultants Ltd., Norex Drilling, Expedition Helicopters and Camp Services, ALS-Chemex and Gestion Aline Leclerc who have made significant contributions to the Company’s exploration success.
Awarded annually by the Association de L’Exploration Miniere du Quebec, the Prospector of the Year Award is presented to a new discovery that produces a significant ripple effect on exploration activities both on the property itself and throughout the surrounding area.
For additional details on the Bug Lake Gold Zone and the Company’s Detour Gold Trend Project please visit www.balmoralresources.com. The summer/fall drill program on the Project has recently been completed and results from 35 diamond drill holes remain pending. Drilling is anticipated to resume in January.
About Balmoral Resources Ltd.
Balmoral is a Canadian-based precious metal exploration and development company currently delineating a series of high-grade gold discoveries along the Detour Gold Trend in Quebec, Canada. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold assets.
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