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Balmoral Reports More Broad Gold Intercepts at Martiniere East Detour Trend Gold Project, Quebec
Balmoral Resources Ltd. (TSX VENTURE:BAR)(OTCQX:BALMF) announced additional drill results from the Martiniere East area of the Company\’s Detour Trend Gold Project.
All four holes for which results were reported intersected significant gold mineralization highlighted by intercepts of 53.00 metres grading 0.88 g/t, 44.60 metres grading 0.97 g/t gold and high-grade intercepts of 6.10 metres grading 5.42 g/t gold and 3.30 metres grading 7.53 g/t gold. Results include two holes testing gold mineralization the NNW trending Bug Lake Fault and two holes which expand and enhance a fall 2011 discovery in the footwall to the Martiniere West/Central gold system. Drilling is set to resume on the Detour Trend Gold Project during the second week of June, 2012.
Summary
-- Identification of a third, broad, gold bearing structural zone - \"Bug
Lake Fault\" - on the Martiniere Property, defined over 150 metres of
strike length and open in all directions.
-- First high-grade, Martiniere West style, gabbro hosted intercept east of
Bug Lake Fault - potential eastward continuation of Martiniere
West/Central system?
-- Broad gold bearing intercepts expand potential of fall 2011 Martiniere
West footwall gold discovery
-- Drilling set to resume second week of June
Today\'s Results
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Hole From To Interval(i) Gold Silver
Number (Metres) (Metres) (Metres) (g/t) (g/t)
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MDE-12-25 29.50(1) 52.65 23.15 0.92 3.30
including 39.00 45.00 6.00 2.65 5.40
68.50 100.10 31.60 1.37 2.82
including 73.40 79.50 6.10 5.42 6.76
which includes 76.75 78.50 1.75 13.93 16.13
153.40 198.00(2) 44.60 0.97 2.51
including 155.55 155.90 0.35 25.30 88.00
And 167.30 167.80 0.50 6.72 3.05
And 187.70 191.00 3.30 7.53 18.63
which includes 188.40 189.10 0.70 20.40 65.10
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MDE-12-26a 18.70(1) 69.00 50.30 0.25 NA
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MDE-12-27 25.00(1) 103.83 78.83 0.66 1.11
including 25.00(1) 78.00 53.00 0.88 1.26
which includes 41.00 43.00 2.00 4.74 2.65
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MDE-12-28 20.30(1) 37.90 17.60 1.33 0.83
including 20.30(1) 27.05 6.75 2.35 1.37
87.00 101.76(2) 14.76 0.72 0.43
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(i) 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.
(1) - Intercepts begins at top of bedrock
(2) - Hole terminated in mineralized zone
\”Today\’s results continue to expand the gold system in the Martiniere East area and serve to again highlight the abundance of gold mineralization and opportunities associated with this emerging discovery,\” said Darin Wagner, President and CEO of Balmoral Resources Ltd. \”While additional drilling will be needed to firm up our current working model, the confirmation of significant gold mineralization along the Bug Lake Fault has important implications for the future exploration of our entire Detour Gold Trend Project.\”
Posted June 3, 2012
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