Last C$0.48 CAD
Change Today -0.01 / -2.04%
Volume 90.8K
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As of 3:59 PM 05/23/13 All times are local (Market data is delayed by at least 15 minutes).

balmoral resources ltd (BAR) Snapshot

Open
C$0.50
Previous Close
C$0.49
Day High
C$0.50
Day Low
C$0.48
52 Week High
01/3/13 - C$1.26
52 Week Low
05/22/13 - C$0.48
Market Cap
40.7M
Average Volume 10 Days
111.1K
EPS TTM
C$-0.01
Shares Outstanding
84.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for BALMORAL RESOURCES LTD (BAR)

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balmoral resources ltd (BAR) Details

Balmoral Resources Ltd. engages in the acquisition, exploration, and development of gold properties primarily in Canada. The company’s property portfolio consists of Fenelon, Northway-Noyon, Martiniere, Grasset, Harri, and East Doight properties in Quebec; and Northshore property in Ontario. It also holds an option to acquire up to 60% interest in the Detour East (Massicotte) Project in Quebec. The company was formerly known as Great Southern Enterprises Corp. and changed its name to Balmoral Resources Ltd. in 2010. Balmoral Resources Ltd. is headquartered in Vancouver, Canada.

balmoral resources ltd (BAR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$80.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2011.

balmoral resources ltd (BAR) Key Developments

Balmoral Resources Ltd to Alter its Articles

Balmoral Resources Ltd. at its AGM to be held on June 14, 2013, is to pass an ordinary resolution approving the alteration of the Articles of the company to incorporate advance notice provisions with respect to the election of directors of the company.

Balmoral Resources Ltd. Extends Bug Lake Gold Zone by 350 Metres-Doubles Strike Extent, Martiniere Property, Quebec

Balmoral Resources Ltd. reported that widely spaced drilling has successfully extended the Bug Lake Gold Zone by 350 metres to the south, effectively doubling the known strike extent of the Zone. With the southern-most hole of the current program returning some of the strongest intercepts reported the Zone remains open to the south and to depth on all sections. The Bug Lake Trend, which includes the Bug Lake, BL Hanging Wall and BL Footwall Zones, is one of two prominent gold bearing trends located on Balmoral's Martiniere Property. The Martiniere Property forms part of the company's wholly owned 82 kilometre long Detour Gold Trend Project in Quebec. Broad zones of anomalous gold mineralization, ranging from 8.84 to 68.63 metres in down-hole width, were intersected in each of the eleven holes which traced the southern continuation of the Bug Lake Gold Zone. Ten of eleven reported holes returned individual intercepts of greater than 3.00 g/t gold. In addition high-grade gold intercepts in the footwall to the Bug Lake Gold Zone, of 25.20 g/t gold over 1.00 metre in hole MDE-13-91 and 21.06 g/t over 0.45 metres in hole MDE-13-104 (the two most southerly holes of the program collared approximately 95 metres apart), may indicate the discovery of another zone of mineralization similar to the high grade Footwall Zone located to the north.

Balmoral Resources Ltd Reports Further Expansion of Afric Gold Zone, Northshore Property, Ontario

Balmoral Resources Ltd. has been advised by GTA Resources and Mining Inc. that initial results from the Phase 4 drilling program on the Company's Northshore Property located near Schreiber, Ontario have successfully continued to expand the Afric Gold Zone. Results reported confirm the presence of a north-east extension of the mineralized system into an area which has seen little historic testing. Results also continued to demonstrate broad zones of gold mineralization along the previously defined east-northeast trending portion of the Afric Gold Zone, including 1.47 g/t gold over 70.0 metres in hole WB-13-38. Drilling also continues to intersect a series of higher-grade gold-bearing structures within the broader Afric Zone along both the Northeast and East limbs of the system. East Extension - Highlights from 3 holes (WB-13-36, -37 and -38) completed along the eastern extension of the Afric Zone include 2.50 g/t (grams per tonne) gold over 13.0 metres (within a broader zone of 1.4 g/t gold over 43.5 metres) in hole WB-13-37 and 12.28 g/t gold over 2.0 metres (within a broader zone of 1.47 g/t gold over 70.0 metres) in hole WB-13-38. These holes, drilled approximately 50 metres and 100 metres respectively below a previously drilled shallow intersection of 1.51 g/t gold over 50.8 metres (hole WB-12-29) help confirm the strike continuity of the East Extension for a distance of 170 metres from the historic core of the Afric Zone and the depth continuity to a vertical depth of approximately 150 metres in this area. Hole WB-13-36 was drilled 70 metres further east and intersected anomalous gold (0.66 g/t gold over 10.0 metres) along the interpreted trend of the East Extension. Northeast Extension - Holes WB-13-39 and 40 tested the Northeast Extension approximately 130 metres northeast from the historic core of the Afric Zone and were successful in intersecting the northeast continuation of the Zone. The upper hole (WB-13-39) intersected 4.77 g/t gold over 8.0 metres within a broader zone of 1.35 g/t gold over 34.2 metres. Hole WB-13-40 tested the zone 50 metres below and intersected 7.97 g/t gold over 1.5 metres within a 49.0 metre zone assaying 0.53 g/t gold. Gold mineralization on the Northshore Property is hosted within a sequence of felsic intrusive and lesser volcanic rocks. The Afric Zone is characterized by strong fracturing, moderate to locally strong alteration, disseminated sulphide mineralization and locally abundant visible gold. The mineralization is most similar to that associated with porphyry-style gold deposits and remains open in several directions. High-grade mineralization typically occurs in quartz veins and veinlets hosted by north-northeast trending fracture sets within the broader Afric Zone. Additional high-grade vein systems on the property, including the one associated with the former producing Northshore Mine, also remain to be evaluated.

 

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