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Last $0.56 USD
Change Today -0.0063 / -1.12%
Volume 2.3K
BALMF On Other Exchanges
As of 1:58 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

balmoral resources ltd (BALMF) Snapshot

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balmoral resources ltd (BALMF) Details

Balmoral Resources Ltd., an exploration stage company, acquires, explores, and develops mineral properties in Canada. It primarily explores for gold metal deposits. The company holds interests in various properties in Quebec and Ontario, Canada. Its principal project is Detour Trend nickel and gold project Located in Quebec, Canada. The company was formerly known as Great Southern Enterprises Corp. and changed its name to Balmoral Resources Ltd. in March 2010. Balmoral Resources Ltd. was incorporated in 1983 and is headquartered in Vancouver, Canada.

8 Employees
Last Reported Date: 03/31/15
Founded in 1983

balmoral resources ltd (BALMF) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$102.5K
Chief Financial Officer
Total Annual Compensation: --
Corporate Secretary
Total Annual Compensation: C$83.2K
Vice President of Exploration
Total Annual Compensation: C$161.6K
Compensation as of Fiscal Year 2014.

balmoral resources ltd (BALMF) Key Developments

Balmoral Resources Ltd. Reports the Final Results from the Winter 2015 Bug Lake Gold Trend Drill Program on the Martiniere Property in Quebec

Balmoral Resources Ltd. reported the final results from the winter 2015 Bug Lake Gold Trend drill program on the Company's wholly owned Martiniere Property in Quebec. Results were highlighted by intercepts of 4.16 g/t gold over 38.19 metres, including a high-grade core of 25.05 g/t gold over 5.10 metres from the Lower Bug Lake Zone, and 17.71 g/t gold over 9.00 metres, including a high-grade core of 31.54 g/t gold over 4.99 metres from the Footwall B Zone. The summer 2015 Martiniere drill program is anticipated to commence in July. The Bug Lake Gold Trend hosts four, sub-parallel gold zones - Hanging Wall, Upper Bug Lake, Lower Bug Lake and Footwall Zones. The four zones, and several sub-zones, are located within a 100 to 175 metre wide structural corridor centered on the Bug Lake Fault and porphyry. All four zones exhibit steep dips and moderate plunges to the south. The winter drill program was designed to achieve 25 metre pierce point spacing across the four principal gold mineralized zones located along the Bug Lake Gold Trend. In the process, it has helped to define and delineate several secondary high-grade structures in the hanging wall and footwall to the Bug Lake fault. The winter drill program targeted a 300 metre long by 150 to 200 metre deep panel through the central portion to the Bug Lake Gold Trend. The Trend extends for a minimum strike length of 1,200 metres and has been intersected to a vertical depth of 400 metres. The Trend and individual zones remain open along strike to the south-southeast and to depth. Individual holes may have been targeted at one or more of the zones of interest and frequently intersected multiple gold mineralized zones in traversing the Bug Lake Trend. The wholly owned Martiniere Property forms part of the Company's 700+ square kilometre Detour Trend Project and is located approximately 40 km west of the Company's Grasset Ni-Cu-PGE discovery. The Detour Trend Project extends for over 100 kilometres along the Sunday Lake Deformation Zone. The Project covers the northern most frontier of the prolific Abitibi Greenstone Belt which has a 100+ plus year history of high-grade gold and base metal production making it a destination of choice for the global mining industry.

Balmoral Resources Ltd Announces Final Results from the Winter 2015

Balmoral Resources Ltd. reported final results from the winter 2015 Grasset drill program which targeted extensions of the Horizon 3 ("H3") Ni-Cu-PGE discovery. Results from three holes drilled for metallurgical test work on the H3 discovery were also reported. Results are highlighted by the continued expansion of both the Horizon 1 ("H1") and H3 sulphide zones to over 1,050 and 590 meters along strike respectively. Ni-Cu-PGE sulphide mineralization has now been intersected to a vertical depth of 525 meters along the projection of H3. Holes GR-15-82M and GR-15-83M, which intersected H3 12 meters above and 20 meters below previously reported hole GR-14-60 respectively, both returned similar mineralized intervals but higher average nickel, copper and PGE grades across the width of H3 than those observed in GR-14-60.

Balmoral Resources Ltd. Reports Results from Six Exploration Holes Drilled Along the Grasset Trend

Balmoral Resources Ltd. reported results from six exploration holes drilled along the Grasset Trend on its wholly owned Fenelon and Jeremie Properties in Quebec. Two of three holes drilled to test geophysical anomalies along the southern segment of the Grasset Ultramafic Complex, host to Balmoral's Horizon 3 Ni-Cu-PGE discovery, successful intersected nickel-copper-PGE bearing sulphide mineralization. The new discoveries are located 3.3 and 4.6 kilometres northwest of the Horizon 3 discovery and southeast of the two Ni-Cu-PGE discoveries announced on April 9, 2015. In addition hole FAB-15-50 intersected 216 g/t (6.30 oz/t) gold over 0.76 metres in a newly discovered shear zone. The shear zone appears to be later than and cuts through a nickel-copper-PGE mineralized interval located at the base of the ultramafic sequence in this hole. The mineralized structure hosts abundant visible gold mineralization over a 10-15 centimetre downhole interval. It occurs in a setting similar to the nearby high-grade Fenelon gold zone which is also owned by the Company. Balmoral also completed two drill holes on the Jeremie Property which is located at the northern end of the Grasset Trend. Both holes tested airborne electromagnetic ("EM") anomalies associated with secondary magnetic highs outside the principal trend of the GUC. Hole JER-15-02 intersected two intervals of anomalous base metal (copper, zinc, lead) mineralization of potential VMS affinity within a sequence of volcanic and sedimentary lithologies. The host sequence is characterized by stacked sulphide-bearing horizons which are located toward the northern end of a 1,300 metre long, multi- component EM conductor which had not been previously tested. These intercepts, and similar results from historic drilling to the south, continue to suggest potential for VMS base metal mineralization within the host sequence to the Grasset Ultramafic Complex. Final results from expansion drilling on the Horizon 3 discovery, and from three holes drilled for metallurgical purposes, are anticipated within the next several days. Field work on the Detour Trend Project is anticipated to resume this coming week in preparation for the resumption of drilling in June.


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