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Balmoral Resources stuns with huge gold intercept at Bug South

Balmoral Resources has delivered excellent drill results at Bug South, and there could be more to come

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September 2016 - Balmoral Resources diamond drill turns on the newly expanded Bug South Deposit, while geologists lay out upcoming holes

Balmoral Resources Limited (TSE:BAR) is moving fast at Bug South.

This is a company that may well already be on the radars of some major predators, and one reason is the types of drill hits that are coming out of Bug South, one of a suite of properties the company holds on the Abitibi gold belt in one of Canada’s most prolific mining districts.

The latest hits include a composite 115.45 metres at 1.4 grams per tonne gold in one hole, and 80.7 metres at 0.96 grams per tonne in another.

The company’s also hit higher grade, including 18.26 metres grading 5.41 grams per tonne and 22.2 grams over 3.64 metres.

The net effect is a broadening at shallow depth of the mineralisation at Bug South and chief executive Darin Wagner called a “potential game-changer” for the Bug South area.

In total there are now three established near surface gold deposits on Balmoral’s wider Martiniere property - Bug West and Martiniere West, and now Bug South.

Drilling continues.

 

Quick facts: Balmoral Resources Ltd

Price: 0.8 CAD

TSX:BAR
Market: TSX
Market Cap: $142.86 m
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on 07/19/2017

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