Vancouver, Canada, Oct 8, 2014 - (ABN Newswire) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSE:BAR) (OTCMKTS:BALMF) today reported results from the first six holes of the summer 2014 drill program on the Company's wholly owned Martiniere Property. All six holes tested the southern extension of the Bug Lake Zone (see Figure 1 and Figure 2 in link below), intersecting high-grade gold mineralization along the upper contact of the Bug Lake Porphyry. Today's results further demonstrate the continuity of the Bug Lake system. Results were highlighted by intercepts of 12.50 g/t gold over 7.99 metres, including 132.50 g/t gold over 0.72 metres in drill hole MDE-14-147 and 5.23 g/t gold over 7.28 metres in drill hole MDE-14-149. The southern extension of the Bug Lake Zone has been intersected for 650 metres along strike and remains open to the south and to depth.
In addition, the Company has confirmed a new discovery - the HW Porphyry Zone - which occurs along the lower contact of a northeast striking, south-east dipping porphyry sill located east of the Bug Lake Zone. This new zone appears to be open in all directions and features results of 5.11 metres grading 4.32 g/t gold in MDE-14-147 and 2.89 metres grading 12.30 g/t gold in MDE-14-149.
Additional vein style gold mineralization continues to be intersected in the hanging wall and footwall to the main Bug Lake Zone. The north-south trending Bug Lake Zone locally transects northeast striking, stratabound massive sulphide units both to the east and west of the Zone. Gold bearing intercepts associated with these sulphide horizons exhibit strongly elevated silver (3.5 to 92.1 g/t) and zinc (0.1 to 1.4%) values, suggesting potential for polymetallic sub-zones within the broader Bug Lake system.
Fourteen additional holes, completed along the northern segment of the Bug Lake Zone, remain pending.
To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/78297-TSE-BAR-20141008.pdf
About Balmoral Resources Ltd:
Balmoral Resources Ltd. (TSE:BAR) (OTCMKTS:BALMF) is a Vancouver-based precious metal exploration and development company focused on delineation of both high-grade gold and nickel-copper-PGE discoveries on its wholly owned Detour Gold Trend Project located in Quebec, Canada. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through the discovery and definition of high-grade gold and base metal assets.
Contact:
Balmoral Resources Ltd
Investor Relations
John Toporowski, Manager
T: +1-604-638-5815
F: +1-604-648-8809
E: jtoporowski@balmoralresources.com
WWW: www.balmoralresources.com
Source:
Balmoral Resources Ltd
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