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Balmoral Resources (TSX:BAR) Intersects 54.08 Metres Grading 1.62% Ni, 0.18% Cu, 0.36 g/t Pt and 0.88 g/t Pd at Grasset
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 (TSX:BAR) Intersects 54.08 Metres Grading 1.62% Ni, 0.18% Cu, 0.36 g/t Pt and 0.88 g/t Pd at Grasset\nVancouver, Canada (ABN Newswire) - Balmoral Resources Ltd. (\"Balmoral\" or the \"Company\") (TSE:BAR) (OTCMKTS:BALMF) today reported high-grade nickel-copper-PGE intercepts from each of the first eight holes targeting its recent Horizon 3 discovery on the Company's wholly owned Grasset Property in Quebec. All eight holes, which fan out from discovery hole GR-14-25 (1.79% nickel, 0.19% copper, 0.42 g/t platinum and 1.04 g/t palladium over 45.28 metres - (see NR14-11, May 20, 2014) intersected broad zones of high-grade nickel-copper-PGE mineralization similar to that observed in the discovery hole.- Results include 102.86 metres grading 1.03% Ni + Cu & PGE's- High-grade core continues throughout including 15.84 m @ 2.51% Ni and 9.80 metres @ 2.73% Ni in deepest hole reported to date Results were highlighted by holes GR-14-28 and GR-14-33, the latter being the deepest of the initial eight follow-up holes. Hole GR-14-28 returned a 102.86 metre intercept grading 1.03% nickel, 0.11% Cu, 0.22 g/t Pt and 0.53 g/t Pd from the bedrock collar. This included a higher-grade section almost 9 metres wider than the discovery hole at 54.08 metres grading 1.62% Ni, 0.18 % Cu, 0.36 g/t Pt and 0.88 g/t Pd. Hole GR-14-33 returned a similarly broad 99.50 metre intercept grading 0.95% Ni, 0.11% Cu, 0.21 g/t Pt and 0.48 g/t Pd which includes a very high grade core of 9.80 metres grading 2.73% Ni, 0.33% Cu, 0.68 g/t Pt, 1.64 g/t Pd and 0.11 g/t Au (see Figure 1, Figure 2 and Figure 3 in link below). In addition to nickel, copper, platinum and palladium values, several of the deeper intercepts from the current program returned significantly anomalous (> 0.10 g/t) gold values. \"Today's results confirm the discovery, and begin to outline the potential, of a high-grade nickel-copper-PGE sulphide zone within the Grasset Ultramafic Complex,\" said Darin Wagner, President and CEO of Balmoral. \"On-going drilling continues to intersect broad zones of sulphide mineralization, both along strike from, and beneath, the holes reported today. With continued strong results, regional geophysical work on-going and the tendency of magmatic nickel sulphide systems to host multiple zones of nickel mineralization we are increasingly optimistic ab...