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Last C$0.62 CAD
Change Today +0.07 / 12.73%
Volume 183.3K
As of 4:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

balmoral resources ltd (BAR) Snapshot

Open
C$0.57
Previous Close
C$0.55
Day High
C$0.62
Day Low
C$0.55
52 Week High
08/6/14 - C$1.98
52 Week Low
07/24/15 - C$0.52
Market Cap
68.4M
Average Volume 10 Days
196.3K
EPS TTM
C$0.0010
Shares Outstanding
110.4M
EX-Date
--
P/E TM
620.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for BALMORAL RESOURCES LTD (BAR)

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balmoral resources ltd (BAR) 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 (BAR) 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 (BAR) Key Developments

Balmoral Resources Ltd Rolls Out Three Drills on Detour Trend Project, Quebec

Balmoral Resources Ltd. announced the summer/fall 2015 drill program on the company's Detour Trend Project in Quebec is underway with several holes already completed. Three drills are now active on the Project and will remain so throughout the summer and fall. The focus of the summer/fall program will be to expand and delineate Balmoral's discoveries along the Grasset Nickel Trend and throughout the Martiniere Gold System. In total the Company anticipates completing approximately 20,000 meters of diamond drilling during the summer/fall program. The Grasset and Martiniere Properties form part of Balmoral's 700+ square kilometer Detour Trend Project located in west-central Quebec. On the Grasset Property infill and expansion drilling is now underway with two drills targeting the H3 nickel-copper-PGE Zone. Fourteen drill holes (2 designated as infill and 12 as expansion holes), totaling approximately 6,000 meters, are currently planned. Additional drilling may be added should these holes prove successful in further expanding the high-grade core of the H3 Zone. Upon completion of this phase of the program, modeling of the maiden H3 Zone resource will be initiated with a goal of delivering the resource during the fourth quarter of 2015. Metallurgical work on the H3 Zone is currently underway with initial results anticipated in the third quarter of 2015. Balmoral's H3 Zone represents the first significant Ni-Cu-PGE sulphide discovery in the northern Abitibi in over a decade. Additional recent discoveries of Ni-Cu-PGE mineralization by the Company in the immediate Grasset area indicate emerging district scale discovery potential. In that vein, following completion of the H3 expansion and infill program, both drills will commence testing of additional targets located along the projected trend of the Grasset Ultramafic Complex. Winter 2015 drilling by Balmoral, and recent re-logging of historic drill holes located along the southern 8.0 kilometers of the GUC, has identified numerous occurrences of Ni-Cu-PGE bearing sulphides indicating potential for additional H3 style Ni-Cu-PGE discoveries on a district scale. Ground geophysical work completed following the winter drill program has outlined a number of targets for immediate follow-up, including several associated with known occurrences of Ni-Cu-PGE mineralization. It is anticipated that up to 20 individual targets could be tested during the summer/fall program. A third drill has recently been mobilized and is set to commence drilling targets along the Bug Lake Gold Trend and throughout the broader Martiniere Gold System. Approximately 5,000 meters of drilling is planned for the Martiniere system this summer/fall. Along the Bug Lake Gold Trend the focus will remain on the infill and expansion of the shallow (sub 250 vertical meter) portion of the four principal sub-parallel high grade zones which comprise the Bug Lake Gold Trend. These zones continued to produce very strong results, including intercepts of 19.55 g/t gold over 44.45 meters and 7.01 g/t gold over 22.48 meters, from the recent winter 2015 infill program, further confirming the robust nature of the Martiniere system. Outside the Bug Lake Trend the company will target several geophysical targets which share similarities with the Bug Lake Zones and the nearby Detour Gold deposit. Included in this will be follow-up testing of a new gold discovery made by the company in the fall of 2014 located 2.0 kilometers northwest of the Bug Lake Trend. Balmoral's strong cash position will continue to allow it to accelerate or expand the current program as warranted by early results.

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.

 

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