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Balmoral Resources Ltd (TSX:BAR) Intersects 57.88m @ 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd, Showing Highest Grade To Date
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 57.88m @ 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd, Showing Highest Grade To Date\nVancouver, Canada (ABN Newswire) - Balmoral Resources Ltd. (\"Balmoral\" or the \"Company\") (TSE:BAR) (OTCMKTS:BALMF) reported results for an additional 12 holes testing the Horizon 3 nickel-copper-PGE discovery on the Company's wholly owned Grasset Property in Quebec. In addition to extending the Horizon 3 sulphide zone to a depth of 350 vertical metres, today's results continue to feature broad intervals of nickel sulphide mineralization throughout the discovery area and include the highest grade intercept to date from Grasset. Hole GR-14-57 returned a very broad Horizon 3 intercept of 57.88 metres grading 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd, which includes a high-grade interval of 20.63 metres grading 3.47% Ni, 0.40% Cu, 0.79 g/t Pt and 1.92 g/t Pd. This high grade interval is capped by, and includes, a previous reported 1.51 metre thick interval of massive sulphide which returned 14.96% Ni, 0.74% Cu, 3.03 g/t Pt and 5.61 g/t Pd - further emphasizing the very high nickel tenure of the Horizon 3 sulphide mineralization. Reported intercepts also begin to demonstrate the continuation of high-grade nickel sulphide mineralization to the northwest of the previously intersected fault/disruption corridor (Figure 2). Strong Horizon 3 intercepts are reported from holes GR-14-54 (including 3.82 metres grading 4.01% Ni within a broader mineralized intercept (see below)), GR-14-60 which returned 33.80 metres grading 1.44% Ni, 0.17% Cu, 0.31 g/t Pt and 0.80 g/t Pd and GR-14-56 which features a 0.85 metre, fault bound, massive sulphide intercept which returned 10.58% Ni, 1.23% Cu, 2.49 g/t Pt and 6.41 g/t Pd. (see Figure 1, Figure 2 and Figure 3 in link below). \"Today's results continue to demonstrate the broad widths and very high nickel-PGE tenure of the Horizon 3 sulphide zone and expand the discovery to depth were it remains open\" said Darin Wagner, President and CEO of Balmoral. \"Results from an additional 8 holes are expected before year end and we look forward to an exciting year ahead as we continue the delineation of the Horizon 3 discovery and begin the process of evaluating the balance of the Grasset Ultramafic Complex (\"GUC\") for additional zones of nickel-copper-PGE mineralizatio...