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To: Goose94 who wrote (39)10/5/2012 2:01:06 PM
From: Goose94Read Replies (1) | Respond to of 202400
 
Balmoral (BAR-V) restarts drilling at Martiniere

Oct 5th, '12 - News Release
Balmoral Resources Ltd.'s drilling has resumed on the company's Martiniere property in Quebec. The Martiniere property forms part of the company's Detour gold trend project which spans over 82 kilometres along the Sunday Lake deformation zone in Quebec.

The fall drill program will primarily focus on extending the recently identified, shallow high-grade gold discoveries associated with the Footwall, Lower Bug, Upper Bug and Hangingwall structures within the broader Bug Lake fault corridor on the Martiniere property. Gold mineralization within the north-south-trending Bug Lake corridor has now been traced for at least 400 metres along strike and remains open in all directions. Revised schematic long and cross-sections and a drill/geology plan for the Martiniere gold system in the Bug Lake area are now available on the company's website.

While final results from a number of holes, 24 in total, remain pending from drilling in the Footwall, Bug Lake and ME-16/23 areas of the Martiniere property, recent positive results from a number of gold-bearing structures throughout the property have provided shallow targets for immediate follow-up.



To: Goose94 who wrote (39)11/16/2012 9:20:29 AM
From: Goose94Read Replies (2) | Respond to of 202400
 
Balmoral Resources (BAR-V) warrant exercise raises $6.5-million

Nov 16, 2012 - News Release

Balmoral Resources Ltd. has received a total of $6,578,655.80 from the exercise of share purchase warrants that expired on Nov. 9, 2012. Of the total above, $5,067,916.94 has been received by the company since Sept. 21, 2012. The warrants in question were issued as part of Balmoral's initial financing completed in November of 2010.

With receipts from the warrant exercises, as at Nov. 16, 2012, Balmoral has working capital of $19-million, which includes $14.6-million in cash. The company has 84,507,289 shares issued and outstanding and, on a fully diluted basis, would have 88,700,289 shares issued.