Balmoral Resources (BAR-T) Nov 20, '14 reported 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, 7 from the northern extension of the Trend and 6 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 g/t gold over 2.66 metres from the northern extension of the Hanging Wall sub-zone.
"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 CEO 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."
Hole
Number | Northing | Easting | Dip | From
(Metres) | To
(Metres) | Interval*
(Metres) | Gold
(g/t) | Zone | | MDE-14-153 | 2+50 N | 2+85 W | -45 | 56.10 | 78.69 | 22.59 | 0.83 | Bug Lake | | including | | | | 58.24 | 64.15 | 5.91 | 1.68 | " | | MDE-14-154 | 2+50 N | 2+85 W | -45 | 29.30 | 31.96 | 2.66 | 14.78 | Hanging Wall | | including | | | | 30.69 | 31.96 | 1.27 | 30.60 | " | | | | | | 62.03 | 78.23 | 16.20 | 0.18 | Bug Lake | | MDE-14-155 | 4+25 N | 2+10 W | -45 | 84.18 | 93.23 | 9.05 | 2.71 | Hanging Wall | | including | | | | 91.55 | 92.67 | 1.12 | 20.70 | " | | | | | | 169.25 | 178.55 | 9.30 | 3.40 | Bug Lake | | including | | | | 169.25 | 171.12 | 1.87 | 12.16 | " | | | | | | 306.76 | 352.64 | 45.88 | 0.71 | Bug Lake | | including | | | | 314.66 | 315.15 | 0.49 | 4.19 | " | | and | | | | 334.93 | 335.67 | 0.74 | 3.47 | " | | and | | | | 340.80 | 345.96 | 5.16 | 2.01 | " | | | | | | 317.35 | 318.29 | 0.94 | 3.07 | Footwall | | MDE-14-156 | 4+50 N | 2+70 W | -45 | 68.16 | 98.98 | 30.82 | 0.62 | Bug Lake | | including | | | | 74.06 | 76.46 | 2.40 | 2.57 | " | | and | | | | 95.80 | 96.63 | 0.83 | 4.76 | " | | MDE-14-157 | 0+25 N | 2+75W | -45 | 77.07 | 95.02 | 17.95 | 0.33 | Bug Lake | | MDE-14-158 | 0+25 N | 3+15 W | -46 | No Significant Intercepts | | | MDE-14-159 | 0+00 N | 2+65 W | -45 | 106.64 | 113.84 | 7.20 | 0.54 | Bug Lake | | MDE-14-160 | 0+00 N | 2+65 W | -59 | 97.01 | 113.79 | 16.78 | 0.32 | Bug Lake | | MDE-14-161 | 0+25 S | 2+70 W | -45 | 35.32 | 81.89 | 46.57 | 0.54 | Bug Lake | | including | | | | 35.83 | 36.41 | 0.58 | 5.84 | " | | | | | | 119.06 | 121.67 | 2.61 | 2.54 | Footwall | | | | | | 133.94 | 148.00 | 14.06 | 0.66 | | | MDE-141-162 | 0+25 S | 2+70 W | -60 | 18.64 | 31.77 | 13.13 | 0.42 | | | | | | | 98.17 | 118.10 | 19.93 | 0.52 | Bug Lake | | MDE-141-163 | 4+75 N | 4+75 W | -45 | 98.26 | 114.87 | 16.61 | 0.45 | Bug Lake | | | | | | 122.15 | 129.41 | 7.26 | 0.63 | | | | | | | 144.80 | 167.47 | 22.67 | 0.32 | | | MDE-14-164 | 4+75 N | 4+75 W | -60 | 122.37 | 136.57 | 14.20 | 0.37 | Bug Lake | | MDE-14-165 | 5+25 N | 4+75 W | -45 | 27.36 | 37.53 | 10.17 | 0.32 | Bug Lake | | | | | | 69.30 | 69.93 | 0.63 | 15.35 | Northern DZ | | MDX-14-46 | | | -50 | 20.71 | 21.14 | 0.43 | 25.50 | Northern DZ | | | | | | 150.39 | 158.72 | 8.33 | 0.27 | | | | | | | 197.54 | 205.91 | 8.37 | 0.31 | | * Reported drill intercepts are not true widths. At this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.
Drill holes MDE-14-153 to MDE-14-156 and MDE-14-163 to MDE-14-165 tested the northern extension of the Bug Lake Fault Zone with holes 155, 156 and 163 to 165 testing a north-west trending portion of the Bug Lake Trend. These latter holes extend the Trend by approximately 250 metres to the intersection with a newly defined east-west trending deformation zone. This newly intersected deformation zone hosts localized quartz+/-carbonate veining cutting variably deformed mafic volcanic and felsic intrusive rocks. A 0.63 metre interval of quartz veining within this corridor returned 15.35 g/t gold. A similar interval of quartz veining located along the projection of this same deformation zone 2,500 metres to the west returned 25.50 g/t gold over 0.43 metres in hole MDX-14-46.
Drill holes MDE-14-157 to MDE-14-162 were drilled to delineate a zone of late faulting which offsets the northern and southern segments of the Bug Lake Zone. Several of these holes intersected fault bound portions of the Bug Lake Zone.
Quality Control
Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Wagner has supervised the work programs on the Martiniere Property, visited the property on multiple occasions, examined the drill core and/or photographs from the holes summarized in this release, discussed and reviewed the results with senior on-site geological staff and reviewed the available analytical and quality control results.
Balmoral has implemented a quality control program for all of its drill programs, to ensure best practice in the sampling and analysis of the drill core, which includes the insertion of blind blanks, duplicates and certified standards into sample stream. NQ sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization and alteration. The remaining half of the core is stored on-site at the Company's Martiniere field camp in Central Quebec. Drill core samples are transported in sealed bags to ALS Minerals' Val d'Or, Quebec analytical facilities. Gold analyses are obtained via industry standard fire assay with atomic absorption finish using 30 g aliquots. For samples returning greater than 5.00 g/t gold follow-up fire assay analysis with a gravimetric finish is completed. The Company has also requested that any samples returning greater than 10.00 g/t gold undergo screen metallic fire assay. Following receipt of assays, visual analysis of mineralized intercepts is conducted and additional analysis may be requested. ALS Minerals is ISO 9001:2008 certified and the Val d'Or facilities are ISO 17025 certified for gold analysis.
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a Canadian-based discovery company focused on high-grade nickel and gold discoveries on its wholly owned, 700+ square kilometre Detour Trend Project in Quebec, Canada. With a philosophy of creating value through the drill bit and a focus on proven productive precious/base metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian base metal and gold assets.
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On behalf of the board of directors of
BALMORAL RESOURCES LTD.
"Darin Wagner"
President and CEO
For further information contact:
John Toporowski, Manager, Corporate Development
Tel: (604) 638-5815 / Toll Free: (877) 838-3664
E-mail: jtoporowski@balmoralresources.com |
