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Balmoral Reports More Broad Gold Intercepts at Martiniere East Detour Trend Gold Project, Quebec

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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

---------------------------------------------------------------------------
Hole                   From          To Interval(i)        Gold      Silver
Number             (Metres)    (Metres)    (Metres)       (g/t)       (g/t)
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
MDE-12-26a         18.70(1)       69.00       50.30        0.25          NA
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
(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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