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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 properties include the Detour Gold Trend project, which comprises various properties controlling approximately 82 kilometers of the gold-bearing Sunday Lake (Detour) Deformation Zone in Quebec; and Martinière property that consists of 314 mining claims covering approximately 8,281.4 hectares situated in the Townships of La Martiniere, Martigny, and Lanouiller, Quebec. 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.

Founded in 1983

balmoral resources ltd (BAR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$101.7K
Chief Financial Officer
Total Annual Compensation: --
Corporate Secretary
Total Annual Compensation: C$84.6K
Vice President of Exploration
Total Annual Compensation: C$160.9K
Compensation as of Fiscal Year 2013.

balmoral resources ltd (BAR) Key Developments

Balmoral Resources Ltd. Reports High-Grade Nickel-Copper-PGE Intercepting from Each of the First Eight Holes Targeting Recent Horizon 3 Discovery on the Grasset Property in Quebec

Balmoral Resources Ltd. reported high-grade nickel-copper-PGE intercepts from each of the first eight holes targeting its recent Horizon 3 discovery on the company's wholly owned Grasset Property in Quebec. All eight holes, which fan out from discovery hole GR-14-25, 1.79% nickel, 0.19% copper, 0.42 g/t platinum and 1.04 g/t palladium over 45.28 metres intersected broad zones of high-grade nickel-copper-PGE mineralization similar to that observed in the discovery hole. Results were highlighted by holes GR-14-28 and GR-14-33, the latter being the deepest of the initial eight follow-up holes. Hole GR-14-28 returned a 102.86 metre intercept grading 1.03% nickel, 0.11% Cu, 0.22 g/t Pt and 0.53 g/t Pd from the bedrock collar. This included a higher-grade section almost 9 metres wider than the discovery hole at 54.08 metres grading 1.62% Ni, 0.18 % Cu, 0.36 g/t Pt and 0.88 g/t Pd. Hole GR-14-33 returned a similarly broad 99.50 metre intercept grading 0.95% Ni, 0.11% Cu, 0.21 g/t Pt and 0.48 g/t Pd which includes a very high grade core of 9.80 metres grading 2.73% Ni, 0.33% Cu, 0.68 g/t Pt, 1.64 g/t Pd and 0.11 g/t Au. In addition to nickel, copper, platinum and palladium values, several of the deeper intercepts from the current program returned significantly anomalous (> 0.10 g/t) gold values. The initial phase of testing has now successfully defined the local controls on the attitude, continuity and structural aspects of the Horizon 3 discovery. This has allowed on-going drilling to incorporate wider step outs and thus more efficiently and rapidly expand the size of the mineralized zone. Of the holes reported today, only hole GR-14-27 was drilled deep enough to test mineralized Horizon 1. Disseminated nickel sulphide mineralization was successfully intersected over a down-hole length of over 60 metres along the base of the intrusion (Horizon 1) returning 60.46 metres grading 0.35% nickel. Drill hole GR-14-34, the south-eastern most of the current Horizon 3 test holes, intersected a zone of deformed ultramafics cored by a quartz porphyry dyke near the projected level of the Horizon 3 sulphide zone. This porphyry cored section is currently interpreted to represent a roughly east-west trending, near vertical fault (the "QP Fault"); offsetting the Horizon 3 stratigraphy in this area. The presence of Grasset Ultramafic Complex rocks on both sides of the fault suggests limited lateral offset along the fault. Drilling to the southeast will resume once detailed magnetic data being collected from the on-going airborne survey of the Grasset Trend is received and processed. Drilling continues at Grasset (and on the company's Martiniere gold project 40 km to the west). In addition to the current airborne survey, which covers the Balmoral's Grasset, Fenelon, Jeremie South and Jeremie Properties (the 16 kilometre long "Grasset Nickel Trend"), down-hole geophysical surveys are also underway in the Grasset area.

Balmoral Resources Ltd. Commences Airborne Geophysical Survey of Grasset Nickel Trend, Detour Project, Quebec

Balmoral Resources Ltd. has commenced a low-level, high resolution airborne electromagnetic survey which will target additional occurrences of nickel-copper-PGE mineralization within the Grasset Ultramafic Complex. The southern end of the GUC hosts Balmoral's high-grade Grasset nickel-copper-PGE discovery. The GUC trends northwest for over 16 kilometres from the discovery area and this will be the first modern low-level airborne survey over the bulk of the GUC. The current airborne survey will utilize Geotech Ltd.'s VTEMPlus helicopter EM and magnetic gradiometer system. Data from a similar VTEM survey, collected along the southern margin of the GUC in 2011 by Balmoral, played a key role in the Grasset nickel discovery and in gold discoveries in the Grasset and Martiniere areas of the Detour Trend Project. In addition to the Grasset Nickel Trend (Grasset-Fenelon-Jeremie South and Jeremie Properties), the survey will cover recently acquired additions to the Grasset Property, as well as the Lac Fleuri and Nantel claim blocks located east and south of the Grasset discovery respectively. The planned survey will include approximately 2,800 line kilometres of data collection and, subject to weather conditions, will be completed over the next two weeks.

Balmoral Resources Ltd Presents at Sprott Vancouver Natural Resource Symposium 2014, Jul-22-2014 through Jul-25-2014

Balmoral Resources Ltd Presents at Sprott Vancouver Natural Resource Symposium 2014, Jul-22-2014 through Jul-25-2014. Venue: Fairmont Hotel Vancouver, 900 W. Georgia Street, Vancouver, BC, V6C2W6, Canada. Presentation Date & Speakers: Jul-23-2014, Darin W. Wagner, Chief Executive Officer, President, Director, Chairman of Sustainable Development Committee and Member of Disclosure Committee.

 

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