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Balmoral Resources announces 2018 exploration update

Mining News - Published on Tue, 20 Nov 2018

Image Source: SteelGuru
Balmoral Resources Ltd. announced an update on the fall 2018 exploration program on its Detour Gold Trend Project in Quebec, along with updates on activities on its other exploration properties in Ontario and Quebec, Canada. Drilling continues with two drills still active on Balmoral's Grasset and Fenelon properties in Quebec targeting nickel-copper-cobalt-platinum-palladium mineralization within the Grasset Ultramafic Complex. One drill is actively working to expand the Grasset nickel-copper-cobalt-PGE deposit, which currently features an open-ended Indicated Mineral Resource estimate of 3.45 Mt @ 1.56% nickel, 0.17% copper, 0.03% cobalt, 0.34 g/t platinum and 0.84 g/t palladium

The Grasset deposit has been delineated to a vertical depth of just over 500 metres, below which it remains open for expansion. Approximately 2,500 metres of drilling has been completed to date as part of the 2018 resource expansion program at Grasset. This includes a > 1,000 metre long 'pilot' hole whose primary purpose is to serve as a platform for the evaluation of the Grasset deposit at vertical depths of 500 to 750 metres via a series of wedge cuts.

Six to seven kilometres northwest of the Grasset deposit Balmoral has completed five holes, totaling 2,900 metres, testing a series of targets within both intrusive and extrusive phases of the GUC. Initial borehole electromagnetic ("BHEM") work on a number of these holes has successfully outlined EM conductors directly - or interpreted to be - associated with recently discovered zones of sulphide mineralization. These anomalies are high priority targets for follow-up drill testing.

Initial analytical results from the GUC drill program are anticipated within the next three to four weeks. The current drill program will continue into late November before taking a hiatus to allow for completion of logging in the area being explored. The planned logging activities will increase the Company's access for follow-up drilling.

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Posted By : Nanda Koijam on Tue, 20 Nov 2018
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