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Balmoral Resources Ltd
Symbol BAR
Shares Issued 108,882,712
Close 2014-11-19 C$ 1.23
Market Cap C$ 133,925,736
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Balmoral drills 2.66 m of 14.78 g/t Au at Martiniere

2014-11-20 08:03 ET - News Release

Mr. Darin Wagner reports

BALMORAL RESOURCES (BALMF) CONTINUES TO EXPAND BUG LAKE GOLD ZONE, DETOUR GOLD TREND PROJECT, QUEBEC

Balmoral Resources Ltd. has released final results from the 2014 summer drill program on the company's wholly owned Martiniere property in Quebec. Results from 13 holes along the Bug Lake trend were reported, seven from the northern extension of the trend and six from the fault-offset area which separates the northern and southern segments of the Bug Lake gold zone. Highlights include the extension of the Bug Lake trend by 250 metres to the north-northwest, discovery of high-grade gold mineralization in a new, east-west-trending (Sunday Lake parallel) deformation zone and a near-surface intercept of 14.78 grams per tonne (g/t) gold over 2.66 metres from the northern extension of the hangingwall subzone.

"The discovery of high-grade, quartz-vein hosted, gold mineralization in two locations over 2,500 metres apart along the new northern deformation corridor opens up yet another avenue for gold exploration in the Martiniere area," said Darin Wagner, president and chief executive officer of Balmoral. "It also provides important information concerning the structural architecture of the Martiniere area and highlights a number of additional target areas that have never seen a drill bit."

Drill holes MDE-14-153 to MDE-14-156 and MDE-14-163 to MDE-14-165 tested the northern extension of the Bug Lake fault zone with holes 155, 156 and 163 to 165 testing a northwest-trending portion of the Bug Lake trend. These latter holes extend the trend by approximately 250 metres to the intersection with a newly defined east-west-trending deformation zone. This newly intersected deformation zone hosts localized quartz-plus/minus-carbonate veining cutting variably deformed mafic volcanic and felsic intrusive rocks. A 0.63-metre interval of quartz veining within this corridor returned 15.35 g/t gold. A similar interval of quartz veining located along the projection of this same deformation zone 2,500 metres to the west returned 25.50 g/t gold over 0.43 metre in hole MDX-14-46.

Drill holes MDE-14-157 to MDE-14-162 were drilled to delineate a zone of late faulting which offsets the northern and southern segments of the Bug Lake zone. Several of these holes intersected fault bound portions of the Bug Lake zone.

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