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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (437)	3/20/2013 9:59:48 AM
From: Goose94	Respond to of 202405

Balmoral Resources (BAR-V) optionee GTA Resources and Mining (GTA-V) resumes drilling at Northshore March 19, 2013 - News Release Balmoral Resources Ltd. has been advised by GTA Resources and Mining Inc. that drilling has resumed on the company's Northshore property located near Schreiber, Ont. The Northshore property hosts the Afric gold zone, a broad at/near-surface gold zone which has, to date, been outlined over an area of 500 by 350 metres and intersected to a vertical depth of 350 metres. Several high-grade vein structures have been identified within the broader Afric zone and these, along with extensions of the Afric zone, will be the focus of the planned drill program. GTA has indicated that it plans to complete 2,500 metres of drilling during the current program. Gold mineralization on the Northshore property is hosted within a sequence of felsic intrusive and lesser volcanic rocks. The Afric zone is characterized by strong fracturing, moderate to locally strong alteration, disseminated sulphide mineralization and locally abundant visible gold. The mineralization is most similar to that associated with porphyry-style gold deposits and remains open in several directions. High-grade mineralization typically occurs in quartz veins and veinlets hosted by north-northeast-trending fracture sets within the broader Afric zone. Additional high-grade vein systems on the property, including the one associated with the former producing Northshore mine, also remain to be evaluated. Located immediately south of the town of Schreiber, Ont., within the Hemlo-Schreiber greenstone belt, the Northshore property is currently 100 per cent owned by Balmoral and under option to GTA. GTA can earn an initial 51-per-cent interest in the property under the terms of an option agreement between the companies (see news release NR11-17; July 27, 2011). Martiniere drilling update Drilling continues on Balmoral's flagship Detour gold trend project, with two drills active on the Martiniere property. Drilling is currently focused on the expansion of the Martiniere West and Bug Lake gold zones. To date, a total of 20 holes have been completed along the Bug Lake fault zone and eight holes in the Martiniere West area. In addition, 15 exploration holes (MDX series) were completed at the start of the winter drill campaign. As previously announced (see NR13-06, March 4, 2013), the initial results from the winter program more than doubled the known extent of the Martiniere West gold-bearing structure, with high-grade gold mineralization now having been intersected over 850 metres along strike in the Martiniere West area and remaining open in all directions. Quality control Darin Wagner (PGeo), president and chief executive officer 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, reviewed the results with senior on-site geological staff and reviewed the available analytical and quality control results.