07:18:48 EDT Thu 25 Apr 2024
Enter Symbol
or Name
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CA



Balmoral Resources Ltd
Symbol BAR
Shares Issued 110,381,521
Close 2015-05-21 C$ 0.96
Market Cap C$ 105,966,260
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Lundin refreshes Balmoral buy

2015-05-21 21:23 ET - In the News

Brien Lundin, in the May, 2015, edition of the Gold Newsletter, refreshes his buy of Balmoral Resources Ltd., recently 95 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 $1,538. The company has completed a winter drilling program at its Martiniere target on its 700-kilometre Detour Trend gold project in Quebec. It has already released assays from the first nine holes. Mr. Lundin says the assays, which included a 53.8-metre intersection of 4.3 grams per tonne gold, demonstrate the remarkable grades that the target's Footwall and Hanging Wall zones can carry. The newsletter editor says that between the drilling program at Martiniere and the other winter drilling program conducted on the company's Grasset nickel-copper-platinum group element property, also on the Detour Lake trend in Quebec, there should be plenty of news flow from Balmoral in the next few weeks. Mr. Lundin tells his readers that Balmoral's two properties are exciting prospects in a historically productive section of Quebec. He concludes the stock is one of the most attractive exploration plays on his list and it remains a buy.

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