Mr. Darin Wagner reports
BALMORAL INITIATES BOREHOLE EM SURVEY ON GRASSET NICKEL TARGETS
Balmoral Resources Ltd. has commenced a borehole electromagnetic survey, managed by Discovery Int'l Geophysics Inc., on a series of recently completed and continuing drill holes, which are targeting nickel-copper-cobalt-platinum-palladium mineralization within the Grasset ultramafic complex on the company's wholly owned Grasset and Fenelon properties in Quebec.
Balmoral's Grasset and Fenelon properties in Quebec
All four holes completed to date, plus each of the two holes currently in progress, have successfully intersected sulphide mineralization within the GUC. The BHEM system will be used to guide follow-up drilling in each of the two areas currently being explored. In addition to surveying the recently completed and continuing drill holes, the BHEM system will probe several historic holes on the properties which have not been previously surveyed.
Drill testing is currently continuing in two separate areas of the GUC. To the south, drilling is targeting vertical and lateral expansions of the Grasset nickel-copper-cobalt-platinum-palladium deposit and high-grade vein/breccia discoveries in the footwall to the H3 zone of the Grasset deposit. Previous BHEM work in and around the deposit identified a series of conductive plates which generally correlate with the highest-grade portions of the deposit.
The second drill is currently testing shallow targets in an area approximately eight kilometres northwest of the Grasset deposit, where 2015 drilling by Balmoral discovered nickel sulphide mineralization over significant widths within a high-level intrusive portion of the GUC (see NR15-04, April 9, 2015).
Drilling of targets within the GUC is expected to continue into November.
Darin Wagner, 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 company's exploration activities since inception, has visited the properties on multiple occasions and has reviewed the technical content of this release.
About Balmoral Resources Ltd.
Balmoral is a well-financed, multiaward-winning Canadian-focused exploration company actively exploring a portfolio of gold and base metal properties located within the prolific Abitibi greenstone belt. The company's flagship, 1,000-square-kilometre Detour Gold trend project hosts the resource stage Bug and Martiniere West gold deposits and the Grasset nickel-copper-cobalt-PGE deposit.
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