Balmoral Intersects 38.19M of 4.16 g/t Gold, Bug Lake Gold Trend, Martiniere Property
(Vancouver, June 10, 2015) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today reported the final results from the winter 2015 Bug Lake Gold Trend drill program on the Company’s wholly owned Martiniere Property in Quebec. Results were highlighted by intercepts of 4.16 g/t gold over 38.19 metres, including a high-grade core of 25.05 g/t gold over 5.10 metres from the Lower Bug Lake Zone, and 17.71 g/t gold over 9.00 metres, including a high-grade core of 31.54 g/t gold over 4.99 metres from the Footwall B Zone (see Table below and Figure 1). The summer 2015 Martiniere drill program is anticipated to commence in July.
The Bug Lake Gold Trend hosts four, sub-parallel gold zones – Hanging Wall, Upper Bug Lake, Lower Bug Lake and Footwall Zones. The four zones, and several sub-zones, are located within a 100 to 175 metre wide structural corridor centered on the Bug Lake Fault and porphyry. All four zones exhibit steep dips and moderate plunges to the south.
“The winter drill program has allowed us to more confidently delineate a number of high-grade zones and sub-zones along the Bug Lake Trend, locally added to the previously defined gold system and will aid considerably in targeting extensions to the zones and overall gold system on the Martiniere Property” said Darin Wagner, President and CEO of Balmoral. “Exploration activities have resumed and we look forward to more strong results as we continue to delineate the opportunities at Martiniere and Grasset, and continue our evaluation of our extensive holdings in the area.”