Mr. Darin Wagner reports
BALMORAL INTERSECTS 6.23 G/T GOLD OVER 6.05 METRES FROM BUG SOUTHEAST ZONE, MARTINIERE PROPERTY, QUEBEC
Balmoral Resources Ltd. has released additional near-surface, high-grade gold results from its Detour gold trend project in Quebec. Drill hole MDE-17-274 returned the best drill intercept to datefrom the Bug Southeast zone -- 6.05 metres grading 6.23 grams per tonne gold. This intercept occurs at less than 120 vertical metres in a sparsely tested area of the Southeast zone approximately 400 metres southeast of the Bug South gold deposit. This intercept provides yet another high-grade gold target along the Bug Lake gold trend, joining the Bug North, Bug South and Bug Lower Steep gold deposits.
Drilling also successfully extended both the ME-23 and the recently discovered Horsefly gold zones which are located approximately 260 and 500 metres, respectively, east of the Bug North gold deposit. Hole MDE-17-275 intersected 21.06 metres grading 2.85 g/t gold, including 5.49 metres grading 6.64 g/t gold, at only 170 vertical metres. The ME-23 zone remains open downplunge and along strike to the south for further expansion.
The Horsefly zone is one of a number of recent near-surface, high-grade gold discoveries located east of the main Bug Lake gold trend. The discovery intercept reported in January, 2017 (see news release dated Jan. 11, 2017), returned 18.06 metres grading 3.84 g/t gold, including a high-grade core of 5.80 metres grading 10.51 g/t gold. Follow-up testing has now extended the Horsefly zone downdip and to the south with an intercept in hole MDE-17-278 of 22.15 metres grading 2.04 g/t gold, including a high-grade core of 8.38 metres grading 4.79 g/t gold. The zone remains open in all directions for further expansion.
MARTINIERE DRILL RESULTSHole From ToInterval*Gold (m)(m) (m)(g/t)MDE-17-274 146.70 152.756.05 6.23including149.94 150.680.7446.60 182.09 182.800.71 3.02 278.05 280.782.73 2.65including278.05 278.700.65 8.04MDE-17-275 201.72 202.250.53 3.63 219.00 240.06 21.06 2.85including219.00 219.400.4055.80and234.57 240.065.49 6.64including235.30 236.000.7034.10and239.28 240.060.78 8.63 398.66 399.821.16 2.48 470.66 476.555.89 2.64MDE-17-27880.9682.611.65 1.98 133.87 156.02 22.15 2.04including146.51 154.898.38 4.79which includes 146.51 148.672.16 9.91and154.21 154.890.6821.60MDE-17-279 160.72 162.061.34 7.93 179.85 190.66 10.81 0.64including179.85 180.350.50 7.88 433.04 470.20 37.16 0.76including434.17 434.700.53 5.41and444.20 445.090.89 6.53 467.40 467.870.47 4.90 571.20 572.231.03 6.23MDE-17-28196.1796.650.48 2.03 149.25 166.90 17.65 0.59including153.21 153.880.76 3.11* Reported drill intercepts are not true widths. At this time there are insufficient data with respect to the shape of the mineralization to calculate true orientations in space. All values presented uncapped.
The final results from the winter/spring Martiniere drill program are expected over the next three weeks. The receipt of assay results by the company has been delayed due to exceptionally heavy sample inflows at ALS Minerals facilities in Eastern Canada. The company is working with ALS to deliver results in a more timely fashion. The summer drill program at Martiniere is anticipated to begin prior to the end of June and to continue through the summer months, focused on expansion of the multiple deposits and zones comprising the Martiniere gold system and on the exploration for new discoveries proximal to the known deposits.
Quality control
Darin Wagner (PGeo, British Columbia, Ontario, res. permit Quebec), president and chief executive officer of the company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Wagner has supervised the work programs on the Martiniere property since inception, visited the property on multiple occasions, discussed and reviewed the results with senior on-site geological staff, reviewed the drill core from this holes contained in today's release, and reviewed the available analytical and quality control results.
Balmoral has implemented a quality control program for all of its drill programs, to ensure best practice in the sampling and analysis of the drill core, which includes the insertion of blind blanks, duplicates and certified standards into sample stream. NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization and alteration. The remaining half of the core is stored on-site at the company's Martiniere field camp in central Quebec. Drill core samples are transported in sealed bags to ALS Minerals' Val d'Or, Que., analytical facilities. Gold analyses are obtained via industry-standard fire assay with atomic absorption finish using 30-gram aliquots. For samples returning greater than 5.00 g/t gold follow-up fire assay analysis with a gravimetric finish is completed. The company has also requested that any samples returning greater than 10.00 g/t gold undergo screen metallic fire assay. Following receipt of assays, visual analysis of mineralized intercepts is conducted and additional analysis may be requested. ALS Minerals is ISO 9001:2008 certified and the Val d'Or facilities are ISO 17025 certified for gold analysis.
About Balmoral Resources Ltd.
Balmoral is a well-financed, Canadian-based company actively delineating and expanding a series of high-grade gold deposits on its Martiniere property located within the prolific Abitibi greenstone belts in Quebec, Canada. The Martiniere property is just one of several large, highly prospective properties comprising the company's wholly owned, 1,000-square-kilometre Detour Trend project.
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