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Balmoral Resources Ltd. (TSX:BAR) Intersects 44.97 Metres Grading 1.53% Ni, 0.16% Cu, 0.37 g/t Pt and 0.86 g/t Pd: Continues Expansion of Grasset Discovery
Vancouver, Canada (ABN Newswire) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSE...
About this update from Barranco Gold Mining Corp.
[{"type":"text","content":"Balmoral Resources Ltd. (TSX:BAR) Intersects 44.97 Metres Grading 1.53% Ni, 0.16% Cu, 0.37 g/t Pt and 0.86 g/t Pd: Continues Expansion of Grasset Discovery\nVancouver, Canada (ABN Newswire) - Balmoral Resources Ltd. (\"Balmoral\" or the \"Company\") (TSE:BAR) (OTCMKTS:BALMF) reported results for on-going testing of the Horizon 3 nickel-copper-PGE discovery on the Company's wholly owned Grasset Property in Quebec. Drilling continues to rapidly expand the size of the Ni-Cu-PGE mineralized zone. Results from 12 recently completed holes, and several pending intercepts, imply more than a doubling of both the strike and down-dip extent of the Horizon 3 discovery. The Horizon 3 sulphide zone remains open to depth and to the northwest (see Figure 1 in link below). The Company also reported the first intersections of high-grade \"Footwall-Style\" Ni-Cu-PGE-Au veining, reported that it has intersected massive sulphide mineralization in three recently completed holes and reported several high-grade gold intercepts from altered volcanic and intrusive rocks in the hanging wall to Horizon 3.Today's results were highlighted by holes GR-14-44 and GR-14-47, the latter being the deepest intercept reported to date. Hole GR-14-44 returned a 44.87 metre intercept grading 1.53% nickel, 0.16% copper, 0.37 g/t platinum and 0.86 g/t palladium with a higher grade core returning 12.57 metre grading 2.91% Ni, 0.44% Cu, 0.74 g/t Pt and 1.84 g/t Pd. Hole GR-14-47 returned a similarly broad intercept returning 49.25 metres grading 1.28% Ni, 0.13% Cu, 0.31 g/t Pt and 0.76 g/t Pd, which includes a high grade core of 21.89 metres grading 2.21% Ni, 0.23% Cu, 0.57 g/t Pt and 1.42 g/t Pd (see Figure 2 and Figure 3 in link below).\"Today's results demonstrate a rapid expansion of the Horizon 3 discovery both along strike and to depth, increasing our confidence in the potential of both the Horizon 3 discovery and the Grasset Ultramafic Complex as a whole\" said Darin Wagner, President and CEO of Balmoral. \"On-going drilling has continued to intersect net-textured style sulphide mineralization along the projection of Horizon 3 northwest of and beneath the holes reported today. We are also encouraged to see the development of massive sulphide mineralization, both at depth and to the northwest, in a series of pending holes.\"Reported drill intercepts have traced the Ho...