Last C$0.94 CAD
Change Today -0.06 / -6.00%
Volume 528.1K
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As of 2:56 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

balmoral resources ltd (BAR) Snapshot

Open
C$1.00
Previous Close
C$1.00
Day High
C$1.00
Day Low
C$0.92
52 Week High
08/6/14 - C$1.98
52 Week Low
12/19/13 - C$0.32
Market Cap
103.5M
Average Volume 10 Days
222.7K
EPS TTM
C$-0.05
Shares Outstanding
110.1M
EX-Date
--
P/E TM
--
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 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.

8 Employees
Last Reported Date: 03/26/14
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 the Final Results of the Summer/Fall Drill Program on the Grasset Property in Quebec

Balmoral Resources Ltd. reported the final results of the summer/fall drill program on the Company's wholly owned Grasset Property in Quebec. Drilling has now extended the Horizon 3 Ni-Cu-PGE Zone to a depth of 400 vertical metres, and confirmed 400 metres of strike extent along Horizon 3 with the zone remaining open to depth and along strike. Results were highlighted by hole GR-14-62 which returned 57.11 metres grading 1.03% Ni, 0.13% Cu, 0.20 g/t Pt and 0.55 g/t Pd, including 16.87 metres grading 1.42% Ni, 0.21% Cu, 0.29 g/t Pt and 0.90 g/t Pd. This interval also includes a very high grade massive sulphide intercept which yielded 9.88% Ni, 2.33% Cu, 2.45 g/t Pt and 6.13 g/t Pd over 0.41 metres. Drilling of the Horizon 3 Discovery is anticipated to resume in January 2015. All intercepts reported are down hole lengths, not true thicknesses. Insufficient drilling has been completed to date to define the orientation of the mineralized zone in space. Drilling in January 2015 will focus on the vertical expansion of the Horizon 3 discovery, testing the NW and SE panels for fault offset, along strike extensions of Horizon 3 and initial testing of high priority targets chosen from over 50 EM anomalies outlined by the recently completed airborne Mag/EM survey along the Grasset trend. Drilling at Grasset continues to intersect a number of intervals of anomalous to locally high-grade gold mineralization, developed in sheared and strongly altered volcanic rock in the hanging wall to, or within the uppermost portion of, the Grasset Ultramafic Complex ("GUC"). Results from holes GR-14-66 and GR-14-68 indicate a potential broadening of the gold mineralized package at depth. Seven exploration holes, outside the Horizon 3 discovery area, were completed on the Grasset Property during late 2014. Six holes were collared in the Lac Hugo area located 18 kilometres east of the Grasset Ni-Cu-PGE discovery and one hole was collared to test a magnetic anomaly proximal to the Grasset Horizon 3 discovery. The shallow holes completed in the Lac Hugo area targeted geophysical anomalies located proximal to the interpreted eastward continuation of the Sunday Lake Deformation Zone, host to the Detour Gold Deposit. Drilling intersected a sequence dominated by mafic volcanic rocks and felsic intrusions in keeping with the Company's geophysical interpretations. Several narrow structural zones were observed but no significant gold intercepts were encountered.

Balmoral Resources Ltd. Reports Results for Additional 12 Holes Testing the Horizon 3 Nickel-Copper-PGE Discovery on Grasset Property in Quebec

Balmoral Resources Ltd. reported results for an additional 12 holes testing the Horizon 3 nickel-copper-PGE discovery on the company's wholly owned Grasset Property in Quebec. In addition to extending the Horizon 3 sulphide zone to a depth of 350 vertical metres, results continue to feature broad intervals of nickel sulphide mineralization throughout the discovery area and include the higher grade intercept to date from Grasset. Hole GR-14-57 returned a very broad Horizon 3 intercept of 57.88 metres grading 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd, which includes a high-grade interval of 20.63 metres grading 3.47% Ni, 0.40% Cu, 0.79 g/t Pt and 1.92 g/t Pd. This high grade interval is capped by, and includes, a previous reported 1.51 metre thick interval of massive sulphide which returned 14.96% Ni, 0.74% Cu, 3.03 g/t Pt and 5.61 g/t Pd -- further emphasizing the very high nickel tenure of the Horizon 3 sulphide mineralization. Reported intercepts also begin to demonstrate the continuation of high-grade nickel sulphide mineralization to the northwest of the previously intersected fault/disruption corridor. Strong Horizon 3 intercepts are reported from holes GR-14-54 (including 3.82 metres grading 4.01% Ni within a broader mineralized intercept, GR-14-60 which returned 33.80 metres grading 1.44% Ni, 0.17% Cu, 0.31 g/t Pt and 0.80 g/t Pd and GR-14-56 which features a 0.85 metre, fault bound, massive sulphide intercept which returned 10.58% Ni, 1.23% Cu, 2.49 g/t Pt and 6.41 g/t Pd.

Balmoral Resources Ltd. Reports Final Results from 2014 Summer Drill Program on Martiniere Property in Quebec

Balmoral Resources Ltd. reported final results from the 2014 summer drill program on the company's wholly owned Martiniere Property in Quebec. Results from 13 holes along the Bug Lake Trend were reported, 7 from the northern extension of the Trend and 6 from the fault offset area which separates the northern and southern segments of the Bug Lake Gold Zone. Highlights include the extension of the Bug Lake Trend by 250 metres to the north-northwest, discovery of high-grade gold mineralization in a new, east-west trending (Sunday Lake parallel) deformation zone and a near surface intercept of 14.78 g/t gold over 2.66 metres from the northern extension of the Hanging Wall sub-zone. Drill holes MDE-14-153 to MDE-14-156 and MDE-14-163 to MDE-14-165 tested the northern extension of the Bug Lake Fault Zone with holes 155, 156 and 163 to 165 testing a north-west trending portion of the Bug Lake Trend. These latter holes extend the Trend by approximately 250 metres to the intersection with a newly defined east-west trending deformation zone. This newly intersected deformation zone hosts localized quartz+/-carbonate veining cutting variably deformed mafic volcanic and felsic intrusive rocks. A 0.63 metre interval of quartz veining within this corridor returned 15.35 g/t gold. A similar interval of quartz veining located along the projection of this same deformation zone 2,500 metres to the west returned 25.50 g/t gold over 0.43 metres in hole MDX-14-46. Drill holes MDE-14-157 to MDE-14-162 were drilled to delineate a zone of late faulting which offsets the northern and southern segments of the Bug Lake Zone. Several of these holes intersected fault bound portions of the Bug Lake Zone.

 

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