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Balmoral Resources Ltd
Symbol BAR
Shares Issued 102,846,932
Close 2014-10-16 C$ 1.15
Market Cap C$ 118,273,972
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Lundin refreshes Balmoral buy

2014-10-17 18:15 ET - In the News

Brien Lundin, in the October, 2014, edition of the Gold Newsletter, refreshes his buy of Balmoral Resources Ltd., recently $1.38. Mr. Lundin said buy Balmoral in July, 2014, at $1.54. A $1,000 investment at $1.54 is now worth $895. The company will soon complete a drilling program at the Grasset nickel-copper-PGE target on the company's Detour gold trend project in Quebec. Mr. Lundin reminds his readers that so far the program has already doubled the strike of Grasset's Horizon 3 mineralization zone, which remains open at depth and to the northwest. When Balmoral completes the drilling program, it will wait until winter ground conditions allow for further drilling. The newsletter editor says the company is also awaiting assays from a 20-hole drilling program conducted this past summer on the Martiniere gold property, also on the Detour gold trend project. Balmoral focused on the Bug Lake gold zone and will conduct follow-up drilling in January. With assays still pending from two drill programs, the company will have plenty of news over the next few months. Mr. Lundin remains encouraged by Balmoral's drill results, especially since they are coming from an area known for its mineral deposits.

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