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Balmoral Resources Ltd. today reported drill results from 9 holes collared on the eastern portion of the Company’s Martiniere Property, part of the Company’s Detour Gold Trend Project in Central Quebec. The Martiniere gold system, which has now been traced for over 1,400 metres, hosts the high-grade Martiniere West Gold Zone and several additional new gold discoveries including four new zones identified by the current drill program in the Martiniere East area. A new map detailing the known extent of the Martiniere Gold System is available at www.balmoralresources.com.
Today’s results include the ME-16 Discovery which returned 5.76 g/t gold over 22.50 metres including a high-grade core of 9.33 metres grading 12.93 g/t gold, one of the best intercepts from the Martiniere Property to date. This new discovery is located south of all previous drilling in the area with gold mineralization intersected at vertical depth of less than 30 metres (see table below) and open in all directions. Additional high grade gold results included 9.43 g/t gold over 7.19 metres in hole MDE-11-11 from the Martiniere East Zone and 18.72 g/t over 2.10 metres from another new discovery in hole MDE-11-14.
Drilling also intersected, in the immediate footwall to the Martiniere VMS system, a bonanza grade, polymetallic breccia which returned 76.40 g/t gold and 1,390 g/t silver along with anomalous base metals over 0.50 metres (see details below) in hole MDE-11-09. This style of mineralization has not been previously observed on the property.
“Our Phase 2 drill program at Martiniere East was tremendously successful with every hole intersecting significant gold mineralization,” said Darin Wagner, President and CEO of Balmoral Resources Ltd. “The overall size of the Martiniere Gold System continues to expand with multiple new discoveries, further emphasizing the potential of this system. Our discoveries at Martiniere indicate the potential for resource development on multiple fronts and continue to demonstrate the prolific and high-grade nature of the major fault systems in the Abitibi -North America’s most prolific gold belt. The best news for our shareholders may be that all of these discoveries have been made on less than 2% of our overall land position along the Detour Gold Trend.”
Read the full news release
