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Balmoral Resources Announces Summer 2019 Exploration Activities

Mining News - Published on Mon, 17 Jun 2019

Image Source: SteelGuru
Balmoral Resources Ltd announced that the 2019 summer field programs have commenced with crews recently mobilized to both the Company’s Detour Gold Trend Project and to the RUM Nickel Properties.

RUM Nickel Properties

As announced on April 25, 2019 the recently completed high resolution airborne magnetic/EM survey of the RUM Nickel Properties has outlined a number of coincident magnetic/EM targets prospective for mafic/ultramafic nickel-copper-cobalt-PGE discoveries. Prospecting, mapping, and geochemical sampling is underway to follow-up on the targets identified by the airborne survey, and to determine if additional ground-based geophysical surveys are warranted prior to drill testing.

Exploration at RUM will target the discovery of high-grade, near surface nickel-copper-cobalt-PGE mineralization similar to that at the nearby Lac Rocher nickel deposit. Geological models developed from the Lac Rocher and Lynn Lake nickel-copper-cobalt deposits in Canada, as well insights from recent nickel sulphide discoveries in the Lapland belt of Finland, have focused the Company’s attention on this underexplored region of Quebec. The goal is to have individual targets ready for drill testing by the fall of 2019.

Detour Gold Trend – New Target Delineation

Balmoral has outlined a prospect new gold target located along the Sunday Lake Deformation Zone on its Detour Gold Trend Project. The SLDZ is the regional scale fault system which controlled the emplacement of the nearby Detour Lake Gold deposit. This new target is focused on a previously untested, 3.5 kilometre long segment of the SLDZ. It is centered on the intersection of the SLDZ and a recently identified, gold bearing secondary fault zone. This structural/geological setting is analogous to that of the Detour Lake area. The Detour Lake Gold deposit extends along the SLDZ for a similar distance, with the historic, high-grade underground portion of the deposit centered at/very near a similar structural intersection.

Line cutting has recently been completed over the target area and ground geophysical work is scheduled to commence on or around June 15. Survey results will be available to the company very shortly thereafter.

Grasset and Grasset Central Ni Deposits

The next phase of nickel-focused exploration within the Grasset Ultramafic Complex will occur later this summer. Geophysical surveys to provide additional targeting information for follow-up testing of the two new nickel sulphide systems discovered in the Grasset Central area are tentatively planned for July/August. The surveys will aim to outline potential extensions to both the recently discovered Type-1 high-grade nickel-cobalt sulphide zones and the very broad, near-surface disseminated nickel deposit which has begun to emerge from recently drill testing. The latter bares similarities to Balmoral’s Grasset nickel-copper-cobalt-PGE deposit located along trend, seven kilometers to the southeast.

With respect to the Grasset deposit itself, further expansion drilling is planned for the winter of 2019-2020 when ground conditions are optimal for the expansion of the deposit to depth.

3G Nickel Properties

Preliminary results from the recently completed airborne survey of the 3G Nickel Properties, located near Atikokan, Ontario, have been received and provide significant support for the Company’s exploration model. Numerous, extensive EM conductors have been delineated within, or proximal to, mapped ultramafic flows and sills on the properties. These include two EM anomalies, each stretching for several hundred meters, and track a series of recently discovered nickel sulphide occurrences in the Gargoyle Lake area of the Gargoyle property.

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Posted By : Sanju Moirangthem on Mon, 17 Jun 2019
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