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To: Andrew~ who wrote (5028)3/5/2014 7:55:59 AM
From: Goose94Read Replies (1) | Respond to of 202616
 
Balmoral Resources (BAR-T) drills 1.46 m of 3.69% Ni at Grasset

Feb 5, '14 - NR

Balmoral Resources Ltd. has confirmed the presence of an extensive zone of nickel-platinum-palladium (plus/minus copper) mineralization on its wholly owned Grasset property in Quebec. Results include the first massive sulphide intercept from the property, located at the core of an 11.41-metre mineralized interval, which returned 3.69% nickel, 0.23% copper, 1.23 g/t palladium and 0.53 g/t platinum over 1.46 metres. Ni-Cu-PGE mineralization has now been intersected for over 700 metres along strike in a northwest direction from discovery hole GR-12-09 (see NR12-14; May 23, 2012). The mineralized zone remains open in all directions. The Grasset Property is part of the Company's Detour Gold Trend Project. The Grasset Ni-Cu-PGE discovery is located approximately 40 km east of Balmoral's flagship, high-grade Martiniere gold system where drilling is on-going.

"Our first two holes have taken the Grasset Ni-Cu-PGE target from an exploration concept, to a 700 metre long open-ended discovery capable of producing high-grade massive sulphide mineralization," said Darin Wagner, President and CEO of Balmoral. "This discovery continues to outline the exploration upside of our expansive Detour Trend Project and provides another potential value driver behind the expanding high-grade gold system at Martiniere."