Balmoral Continues to Expand Bug Lake Gold Zone, Detour Gold Trend Project, Quebec
Balmoral Resources Ltd. has released final results from the 2014 summer drill program on the company’s wholly owned Martiniere property in Quebec. Results from 13 holes along the Bug Lake trend were reported, seven from the northern extension of the trend and six from the fault-offset area which separates the northern and southern segments of the Bug Lake gold zone. Highlights include the extension of the Bug Lake trend by 250 metres to the north-northwest, discovery of high-grade gold mineralization in a new, east-west-trending (Sunday Lake parallel) deformation zone and a near-surface intercept of 14.78 grams per tonne (g/t) gold over 2.66 metres from the northern extension of the hangingwall subzone.
“The discovery of high-grade, quartz-vein hosted, gold mineralization in two locations over 2,500 metres apart along the new northern deformation corridor opens up yet another avenue for gold exploration in the Martiniere area,” said Darin Wagner, president and chief executive officer of Balmoral. “It also provides important information concerning the structural architecture of the Martiniere area and highlights a number of additional target areas that have never seen a drill bit.”