Balmoral Extends Strike of West Zone at Martiniere


March 4, 2013: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR & OTCQX:BALMFreports initial results from the continuing winter 2013 drill program on its Martiniere property in Quebec have confirmed a major expansion of the Martiniere gold system. The Martiniere property forms part of the company’s wholly owned 82-kilometre-long Detour gold trend project in Quebec.

Results from four widely spaced holes drilled to the southwest along projected strike from the high-grade Martiniere West zone, encountered similar high-grade gold mineralization up to 510 metres along strike from the previously known southwest margin of the West zone. High-grade gold intercepts have now been reported for over 850 metres along this structural trend, from the northeastern margin of the West zone to the southwesternmost hole drilled to date (MDX-13-17a). These results also increase the known extent of the Martiniere gold system, which includes the West, Central, ME-16 and Bug Lake area zones, to approximately 2,000 metres in a northeast-southwest direction and it remains open ended. Results were highlighted by an intercept of 6.71 grams per tonne gold over 7.40 metres (including 12.28 g/t gold over 2.45 metres) in hole MDX-13-13, and hole MDX-13-17a which returned two separate high-grade intercepts of 10.67 g/t gold over 2.45 metres and 8.19 g/t gold over 2.22 metres.

“More than doubling the known extent of West-zone-style mineralization and having a very high rate of success with such widely spaced, first-pass drill holes in this type of high-grade gold system further reinforces the scale and upside potential at Martiniere,” said Darin Wagner, president and chief executive officer of Balmoral Resources. “While it’s too early to suggest continuity of these new intercepts with the more extensively drilled West zone it’s clear that the gold-bearing system remains strong well outside our previous drilling and that there is now potential to develop near surface, high-grade gold resources over a significantly expanded strike length.”

For more on the results – CLICK HERE.


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