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Balmoral Resources Ltd
Symbol BAR
Shares Issued 151,001,811
Close 2019-09-09 C$ 0.225
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Balmoral resumes drilling at Detour's Area 52

2019-09-10 07:33 ET - News Release

Mr. Darin Wagner reports


Balmoral Resources Ltd. has resumed drilling in Area 52 on its Fenelon property, part of the company's larger Detour gold trend project, in Quebec. Area 52 covers an extensive, untested segment of the Sunday Lake deformation zone, the southern extension of the recently identified Area 51 corridor, and the intersection of these two gold bearing structural zones (see NR19-12 dated July 18, 2019, for more details on the Area 52 gold target). The Sunday Lake deformation zone is the crustal-scale, east-west-trending fault system which controlled the emplacement of the nearby, over-20-million-ounce Detour Lake gold deposit.

Four drill holes were completed during the first phase of drilling in Area 52 (see NR19-15 dated Aug. 26, 2019) testing a variety of gold targets. Visible gold mineralization was observed at shallow depths in two of the four holes. Visible gold mineralization has already been noted in the first hole of the current follow-up program. Final assay results from the first phase of drilling are anticipated within the next two weeks.

Additional information on the geological setting of the mineralized zones intersected in the first phase of drilling and the targets for the follow-up program will accompany the release of results from the initial Area 52 drill program.

Qualified person

Michael Tucker (MSc, PGeo, British Columbia, Ontario, temp. permit, Quebec), is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Tucker is currently supervising the Area 52 drill program and has reviewed and approved of the technical information contained within this release.

About Balmoral Resources Ltd.

Balmoral is a multiaward-winning Canadian-focused exploration company actively exploring a portfolio of gold and base metal properties located within the prolific Abitibi greenstone belt. The company's flagship, 1,000-square-kilometre Detour gold trend project hosts the resource-stage Bug and Martiniere West gold deposits and the Grasset nickel-copper-cobalt-PGE (platinum group element) deposit. Employing an aggressive, drill-focused exploration style in one of the world's pre-eminent mining jurisdictions, Balmoral is following an established formula with a goal of maximizing shareholder value through the discovery and definition of high-grade, Canadian gold and base metal assets.

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