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

To: Andrew~ who wrote (13980)	6/21/2016 7:54:47 AM
From: Goose94	Read Replies (3) \| Respond to of 202110

GTA Resources and Mining (GTA-V) and Balmoral Resources (BAR-T) June 21, '16 that drilling has commenced on the Northshore Gold Property near Schreiber, Ontario. The Northshore Property is being advanced in a joint venture between GTA and Balmoral. GTA, the current operator of the joint venture, plans to complete between 20 and 30 diamond drill holes over the next several weeks targeting the Afric Gold Zone on the Property, as well as the high-grade Gino and Audney vein systems. The principal focus of this drill campaign will be the further delineation of near surface gold mineralization contained within the core of the Afric Zone. Previous drilling by GTA has returned broad intervals of gold mineralization, ranging from 30 to over 240 metres, from the Afric Zone, often containing numerous high-grade vein intercepts. All mineralized zones discovered to date come to surface. The high-grade Audney vein, which returned surface chip samples ranging from 3,709 g/t gold over 0.20 m to 580 g/t gold over 0.50 m (see NR11-27; Nov. 8, 2011), cuts through the core of the Afric Zone and will also be targeted during this phase of the program. As well GTA plans additional testing of the Gino vein system, located 300 metres north of the Afric Zone, where previous drilling returned numerous gold bearing intercepts, including 46.40 g/t gold and 41.60 g/t gold over 1.0 metre core lengths (see NR13-31; Dec. 10, 2013). "We are pleased to see the resumption of drilling at Northshore as GTA looks to continue to expand on the size of, and increase the confidence in, the Afric Gold Zone and follow-up on the high-grade gold intercepts within the Audney and Gino vein systems," said Darin Wagner, President and CEO of Balmoral. "Between Northshore and our aggressive plans for the Detour Trend Project there will be a lot of news flow from the drills this summer as we look to grow our gold assets on multiple fronts." The Northshore Property is a joint venture between Balmoral and GTA. GTA is the current operator of the Northshore joint venture and holds a 51.4% interest in the Property. Partial funding for the current program will come through the Ontario governments Junior Exploration Assistance Plan ("JEAP") with GTA providing the balance of the funding. Drilling is expected to take approximately one month to complete. 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, on behalf of Balmoral, supervised the previous work programs on the Northshore, visited the properties on multiple occasions, examined the drill core from the holes noted in this release, discussed, reviewed the results with senior on-site geological staff and reviewed the available analytical and quality control results. All reported intercepts are reported as core lengths and not true widths. At this time there is insufficient drill data to accurately calculate true dimensions. About Balmoral Resources Ltd. - www.balmoralresources.com Balmoral is a well-funded, Canadian-based company actively delineating and expanding the high-grade Bug Lake Gold Trend on its wholly owned, 700 square kilometre Detour Trend Project in Quebec, Canada. Employing an award winning exploration team, Balmoral has a philosophy of creating value through the drill bit. By focusing our efforts in proven productive precious/base metal belts in one of the world's preeminent mining jurisdictions, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold and base metal assets. On behalf of the board of directors of BALMORAL RESOURCES LTD. "Darin Wagner" President and CEO For further information contact: John Foulkes Vice-President, Corporate Development Tel: (604) 638-5815 Toll Free: (877) 838-3664 E-mail: jfoulkes@balmoralresources.com GTA Resources and Mining (GTA-V) gtaresources.com