Balmoral Discovers Three More Broad Areas of Gold Mineralization on Martiniere Property, Quebec


August 29, 2012: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR & OTCQX:BALMF)  reported today that exploration drilling on its Martiniere Property in Central Quebec, conducted well outside the previously known extent of the Martiniere Gold System, has intersected three new, broad areas of gold mineralization.

The new discoveries materially expand the scale and potential of the gold mineralized system on the Property. In addition to the three new gold discoveries, the Company also intersected a wide interval of anomalous zinc mineralization while testing a new VMS target on the Property. The Martiniere Property, centered approximately 45 kilometres east of the Detour Lake gold deposit, is centrally located within Balmoral’s 82 kilometre long Detour Trend Gold Project in Quebec, Canada.

The three new discoveries returned anomalous gold mineralization over down hole intervals of 82.00, 25.97 and 11.00 metres (see table below). The new discoveries are located 440 metres southwest, 1,200 metres west and 2,050 metres southwest of the Company’s recently announced bonanza grade gold discovery in hole MDE-12-29 which returned 273 g/t gold over 3.88 metres (August 16, 2012).

“Today’s discoveries, in three previously untested areas of the Martiniere Property, continue to demonstrate just how regionally extensive this gold bearing system is and the tremendous opportunity it represents for the Company,” said Darin Wagner, President and CEO of Balmoral Resources.

To view a table of the results – CLICK HERE.


Comments are closed.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.


 Daily Gainers

 Lincoln Minerals Limited LML.AX +125.00%
 Golden Cross Resources Ltd. GCR.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Athena Resources Ltd. AHN.AX +22.22%
 Adavale Resources Limited ADD.AX +22.22%
 Azimut Exploration Inc. AZM.V +21.98%
 New Stratus Energy Inc. NSE.V +21.05%
 Dynasty Gold Corp. DYG.V +18.42%
 Azincourt Energy Corp. AAZ.V +18.18%
 Gladiator Resources Limited GLA.AX +17.65%

Download the latest Solaris Resources (SLSSF) Investor Kit

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

MiningFeeds will use the information you provide on this form to be in touch with you and to provide updates and marketing.