- Published: 23 January 2017
- Written by Editor
Balmoral drills 41.95 m of 3.24 g/t Au at Martiniere
Hole From To Interval* Gold
No. (metres) (metres) (metres) (g/t)
MDE-16-244 98.08 102.64 4.56 0.34
206.04 226.83 20.79 2.16
including 206.04 211.51 5.47 5.63
which includes 210.32 211.51 1.19 16.65
297.92 303.75 5.83 1.27
including 299.17 300.50 1.33 3.53
346.47 354.18 7.71 0.68
MDE-16-245 52.64 62.33 9.69 0.18
88.05 176.41 88.36 1.07
including 127.83 128.38 0.55 6.70
and 156.64 164.41 7.77 2.99
210.90 220.68 9.78 1.20
including 213.31 214.12 0.81 6.06
MDE-16-246B 256.05 334.35 78.30 1.94
includes 281.68 282.35 0.67 6.41
and 292.40 334.35 41.95 3.24
which includes 313.07 324.65 11.58 6.30
which includes 316.50 317.08 0.58 19.40
and 318.95 319.69 0.74 11.60
and 323.57 324.65 1.08 33.91
and 331.58 332.43 0.85 62.30
345.42 348.95 3.53 4.37
including 347.59 348.26 0.67 18.05
MDE-16-247 137.28 151.07 13.79 2.80
including 144.74 146.96 2.22 16.33
190.83 200.96 10.13 7.34
including 192.71 198.05 5.34 13.54
which includes 192.71 194.00 1.29 47.50
311.87 338.00 26.13 0.64
including 337.00 338.00 1.00 4.66
MDE-16-248 103.96 150.19 46.23 0.98
including 122.75 143.37 20.62 1.88
which includes 122.75 124.20 1.45 5.39
and 129.48 130.80 1.32 7.77
161.31 172.79 11.48 0.37
198.50 206.02 7.52 0.48
MDE-16-249 230.60 244.98 14.38 0.72
MDE-16-250 114.21 132.96 18.75 0.95
including 122.28 123.76 1.48 9.73
172.27 201.20 28.93 2.15
including 174.14 188.07 13.93 4.07
which includes 177.44 184.69 7.25 5.40
which includes 183.95 184.69 0.74 14.40
Note
* 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 although
they are estimated to range between approximately 70 and 77
per cent of true thickness. All values presented are uncapped.
The company also intersected a new zone of zinc-lead-silver-gold veining at shallow depth in hole MDE-16-245. The 5.36-metre-wide interval between 54.79 and 60.15 metres downhole returned an average grade of 2.80 per cent zinc, 2.67 per cent lead, 99.11 grams per tonne silver and 0.19 g/t gold. This is the first time that mineralization of this nature (Zn-Pb-Ag-Au) has been intersected on the Martiniere property, although high-grade silver mineralization is known from the Martiniere East area. This new discovery appears to crosscut the local stratigraphy. Its origin and relationship to the Bug Lake gold deposits and/or the VMS (volcanogenic massive sulphide) system in the Martiniere East area are currently unknown.
Additional results from the fall drill program on the Martiniere property and on Balmoral's Detour East property remain pending. Work on the winter road into the Martiniere camp continues and, weather conditions permitting, drilling is expected to commence on the property in early February.
Balmoral will have drill core from the Bug South gold deposit on display in the core shack, booth 820, at the 2017 Mineral Exploration Round-Up in Vancouver, B.C., on Jan. 23 and Jan. 24, and at the Prospectors and Developers Association of Canada convention in Toronto, Ont., on March 5 and March 6.
Quality control
Darin Wagner, PGeo, 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 Quebec-based work programs on the Martiniere property since inception, visited the property on multiple occasions, examined the drill core from the holes summarized in this release, discussed and reviewed the results with senior on-site geological staff, 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 five 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
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.
Employing an aggressive, drill-focused exploration style in one of the world's pre-eminent mining jurisdictions, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold and base metal assets.
We seek Safe Harbor.