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Balmoral Resources Ltd. (TSX:BAR) Resumes Drilling on Detour Trend Project
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) Resumes Drilling on Detour Trend Project\nVancouver, Canada (ABN Newswire) - Balmoral Resources Ltd. (\"Balmoral\" or the \"Company\") (TSE:BAR) (OTCMKTS:BALMF) reports that drilling has resumed on the Company's Detour Trend Project in Quebec. The initial focus of drilling will be on testing a number of recent gold/base metal discoveries and targets on the Company's wholly owned Grasset and Fenelon properties. A second drill will begin turning on the Company's Martiniere Property, home to the Martiniere West and Bug Lake Gold Trends, as soon as weather conditions and staffing permit. Grasset and FenelonBalmoral's H3 Ni-Cu-PGE deposit occurs within the southern portion of the Grasset Ultramafic Complex (\"GUC\") on the Grasset Property. An initial resource estimate for the H3 deposit remains on track for delivery during Q1 of 2016. Additional testing of the H3 deposit will await the results of on-going resource modelling. Drilling of strongly deformed volcanic rocks in the hanging wall and footwall to the H3 deposit has intersected several occurrences of anomalous gold mineralization, with individual intercepts ranging between 1 and 18 g/t gold. The deformation and gold mineralization appear to be related to the movements along the Sunday Lake Deformation Zone which hosts the large Detour Gold Deposit in Ontario. At least one of these occurrences will be targeted during the winter drill program. The adjacent Fenelon Property hosts the Fenelon gold deposit, numerous nickel-copper-PGE discoveries within the GUC and a new 216 g/t (6.30 oz/t) gold discovery (see NR15-07; May 26, 2015). The latter was intersected at the base of the GUC, along with anomalous nickel-copper-PGE mineralization, over a width of 0.72 metres. These discoveries extend for up to 8 kilometres northwest from the H3 deposit. Drilling will target expansions to these recent discoveries and, budget permitting, new gold targets spatially related to the Sunday Lake Deformation Zone. MartiniereThe Martiniere West and Bug Lake Gold Trends on the Martiniere Property, both of which can be traced for over 1,000 metres along strike, host numerous individual zones of high grade gold mineralization (defined as those intercepts/zones of > 3 g/t gold, including individual intercepts as high as 1,138 g/t gold over 4.87 metres from the Bug Lak...