Balmoral Extends Grasset Horizon 3 Ni-Cu-PGE Discovery by 20% to Over 480 M Along Strike
(Vancouver, April 9, 2015) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) reported initial results from the winter 2015 drill program targeting extensions of the Horizon 3 Ni-Cu-PGE discovery and additional nickel targets within the Grasset Ultramafic Complex (“GUC”). The Grasset nickel discoveries are located on the Company’s wholly owned, 700+ square kilometre Detour Trend Project in Quebec. Results are highlighted by a high-grade intercept of 8.45 metres grading 2.13% Ni, 0.33% Cu, 0.75 g/t Pt and 1.59 g/t Pdin hole GR-15-73 and by a 20% increase in the known strike extent of the Horizon 3 Ni-Cu-PGE discovery to over 480 metres.
Drill holes GR-15-69, 70 and 72 were drilled 100 metres along strike from hole GR-14-22 which previously marked the northwestern extent of the discovery (See Figures 1, 2 and 3). All three holes intersected Ni-Cu-PGE mineralization along projected extension of Horizon 3 with holes 69 and 70 returning significant intercepts. The Horizon 3 discovery remains open to the northwest and to depth. Hole GR-15-70 includes a 0.48 metre intercept of semi-massive sulphide mineralization which returned 7.37% Ni, 1.80% Cu, 0.78 g/t Pt and 0.89 g/t Pd.
