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Balmoral Resources (BAR-V)
balmoralresources.com
72.1 million o/s
$6.2 million cash as of June 30
Darin Wagner
Position: President, CEO & Director
Mr. Wagner is a Professional Geologist with 20 years of exploration and corporate development experience. Mr. Wagner spent the first 10 years of his career with two of Canada's largest and most successful exploration and mining companies (Noranda (now Xstrata) and Cominco (now Teck)) as a project geologist and manager in North and South America.
In 1999 Mr. Wagner became Vice-President, Exploration for New Millennium Metals Corp. which was successfully merged with Platinum Group Metals Ltd. in 2002. Mr. Wagner served as Exploration Manager for TSX listed Platinum Group Metals through the acquisition, discovery and initial delineation of the multi-million ounce West Bushveld PGE deposit in South Africa.
Mr. Wagner became President of Sydney Resource Corp., in September 2005 and helped engineer the successful merger between Sydney and Band Ore Resources to form West Timmins Mining Inc. in 2006. He then served as a President, CEO, Director and Qualified Person for West Timmins Mining through the discovery of the high-grade Thunder Creek Gold Zone in Timmins, Ontario and the acquisition of West Timmins by Lake Shore Gold in an all share deal valued at $424 million which was completed in November of 2009.
Mr. Wagner currently serves as a director of Druk Capital Partners and as a technical and/or corporate advisor to several other publically listed resource companies including MAG Silver Corp., Abzu Gold Ltd. and Metals Creek Resources Corp.
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Sept 12, '12 - News Release
Balmoral Resources Ltd. has increased, in connection with its previously announced bought-deal offering led by Canaccord Genuity Corp. and including Cormark Securiteis Inc. and Laurentian Bank Securities Inc., the overallotment option of the offering from $2,001,000 to $3,001,500. If the overallotment option is fully exercised, the gross proceeds from the offering will be $8,004,000.
The proceeds raised from the offering will be used to accelerate the exploration on the company's Detour gold trend project, including additional drill testing of the company's Martiniere West, Bug Lake and recent high-grade Footwall discovery on the Martiniere property, and testing of high-priority targets on the other Detour trend properties.
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Aug 16, '12 - News Release
Balmoral Resources (BAR-V) reported today that the first of the ME-series holes completed as part of the summer drill program on its Martiniere Property has discovered a new bonanza grade, gold bearing structure in the footwall to the Bug Lake Gold Zone. The Footwall discovery returned, on an uncut basis, 272.39 g/t (8.0 oz/ton) gold over 3.88 metres (12.7 feet) across the width of the mineralized structure. Included in this interval are adjacent bonanza grade intercepts of 1,530 g/t (44.6 oz/ton) gold over 0.55 metres (1.8 feet) and 409 g/t gold (11.9 oz/ton) over 0.50 metres (1.6 feet). The Martiniere Property, located approximately 45 kilometres east of the Detour Lake gold deposit, is centrally located within Balmoral's 82 kilometre long Detour Trend Gold Project in Quebec, Canada. |
