Balmoral Resources Ltd (TSX:BAR) Intersects 10.50% Ni, 0.74% Cu, 1.87 g/t Pt and 4.87 g/t Pd Over 7.50 Metres in Deep Drilling of H3 Zone, Grasset, Quebec

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[{"type":"text","content":"Balmoral Resources Ltd (TSX:BAR) Intersects 10.50% Ni, 0.74% Cu, 1.87 g/t Pt and 4.87 g/t Pd Over 7.50 Metres in Deep Drilling of H3 Zone, Grasset, Quebec\nVancouver, Canada (ABN Newswire) - Balmoral Resources Ltd. (TSE:BAR) (OTCMKTS:BALMF) today announced that the Company has intersected a very high-grade sulphide vein-breccia system in the immediate footwall to the H3 Nickel Zone, at the 425 metre vertical level, which returned 10.50% Ni, 0.74% Cu, 1.87% Pt and 4.87 g/t Pd over 7.50 metres. This interval, in hole GR-15-97 (see Table and Figures 1, 2 and 3 - in link below) when combined with the more typical, overlying, disseminated style H3 Zone mineralization produced a mineralized intercept of 63.02 metres grading 1.89% Ni, 0.15% Cu, 0.33 g/t Pt and 0.85 g/t Pd. GR-15-97 intersected the H3 Zone approximately 50 metres down dip and 40 metres southwest of GR-15-87 (42.70 metres grading 1.11% Ni, 0.12% Cu, 0.20 g/t Pt and 0.49 g/t Pd - see NR15-12, Sept. 8, 2015) confirming the continuation of the high-grade core of the Zone to depth. Drilling also continued to expand the overall scale of the mineralized system with nickel bearing sulphides now intersected to a vertical depth of 540 metres along the projection of the H3 Zone. The very high-grade vein-breccia intersected in hole GR-15-97 consists of a series of massive to semi-massive sulphide intervals cutting the ultramafic hosts at angles ranging from 10 to 85 degrees to core axis, consistent with a breccia-style of mineralization. The individual semi-massive to massive sulphide intervals display nickel grades ranging from 6.34 to 18.95% (the highest grade nickel assay returned to date from Grasset) and platinum + palladium grades of 4.63 to 13.66 g/t. Ni:PGE ratios are consistent with those observed throughout the H3 Zone. This separates this interval from the more typical high copper and PGE-rich footwall veins, suggesting it could mark a more primal or \"feeder-type\" zone. Additional drilling will be required to determine the extent and geometry of this new discovery. \"The discovery of this type of footwall vein-breccia system beneath H3 provides additional encouragement for further discoveries of very high-grade semi-massive to massive nickel sulphide bodies within the Grasset Ultramafic Complex\" said Darin Wagner, President and CEO of Balmoral. \"The timing of this di...

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