July 16, 2013: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR & OTCQX:BALMF) reported that it has acquired a 100% interest, by staking, in a new property asset located proximal to the Company’s existing N2 property and the now producing Vezza gold deposit in Central Quebec. The new N1 Property is located 10 kilometres west of the N2 Property and 9 km west of the Vezza gold deposit along the projection of the horizon hosting the South Gold Zone on the N2 Property. The N1 Property straddles the southern boundary of the Casa Berardi deformation zone which hosts the operating Casa Berardi and Vezza gold deposits to the west and east respectively. Acquisition costs for the property were $325.
“The N1 acquisition represents a very low cost, prospective acquisition located along a major gold bearing structure in the Abitibi,” said Darin Wagner, President and CEO of Balmoral. “The new property shares logistical synergies with our N2 property which is located adjacent to Quebec’s newest gold mine.”
Accessible from regional highway 109, and located between the Vezza gold deposit and the Sleeping Giant mill complex, the N1 Property has a very limited exploration history with available assessment records indicating the presence of only three drill holes on/near the property. A map showing the location of the new property is available at www.balmoralresources.com.