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.