13:59:57 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Balmoral Resources Ltd
Symbol BAR
Shares Issued 110,381,521
Close 2015-07-06 C$ 0.73
Market Cap C$ 80,578,510
Recent Sedar Documents

Lundin says hold Balmoral

2015-07-06 21:19 ET - In the News

Brien Lundin, in the July, 2015, edition of the Gold Newsletter, says hold Balmoral Resources Ltd., recently 71 cents. Mr. Lundin said buy Balmoral in July, 2014, at $1.54, and again in March, 2015, at $1.03. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,149. The newsletter editor says the company's two most promising properties, the Grasset nickel-copper-platinum group element property and the Martiniere gold property, lie along the Detour Lake trend in the Abitibi greenstone belt area of Quebec. Balmoral recently released assays from a winter drilling program conducted on the Grasset property. Mr. Lundin says the assays indicate that the mineralization on the property is widely dispersed and capable of coming together for a massive nickel-copper-PGE deposit. He highlights hole 50, where the company drilled 0.78 metre of 0.72 per cent nickel, 0.13 per cent copper and 216 g/t gold. The company also released assays from winter drilling on the Martiniere property, which hosts the Bug Lake gold trend. The writer says the company has traced Bug Lake over 1,200 metres along strike and found gold at vertical depths up to 400 metres. The stock remains a hold.

© 2024 Canjex Publishing Ltd. All rights reserved.