April 18, 2012: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR) amd GTA Resources and Mining Inc. (Stock Profile – TSXV:GTA) jointly announced follow-up drill results from the Northshore Property located in the Hemlo-Schreiber Gold Belt of Ontario. Drill hole WB-12-14 returned the broadest intersection of gold mineralization to date from the Afric Zone – 240.00 metres grading 1.41 g/t gold. The high-grade Caly Zone, intersected near the top of the hole, returned an intercept of 12.00 metres grading 7.82 g/t gold.
Hole WB-12-14, one of two drill holes completed before drilling was paused for spring break-up, was collared 40 metres behind, and on section with, previously reported holes WB-11-11 and -12, (see NR12-03, Feb. 14, 2012). The results from this hole add to both the lateral and vertical extents of the Afric Zone and continue to demonstrate the continuity of the high-grade Caly and Audney vein systems which are included in the Afric Zone.
Hole WB-12-13, collared approximately 70 metres northeast of WB-12-14 and drilled in the opposite direction, to the southeast, intersected 0.77 g/t gold over 80.00 metres. This includes a higher grade section of 4.27 g/t gold over 8.00 metres within the broader Afric Zone with similarities to the Audney and Caly systems. The Afric Zone has now been intersected by the current phase of drilling for over 200 metres along strike and to a vertical depth of 190 metres.
“The initial two holes of the 2012 program at Northshore build on the impressive initial results from the property providing lateral and vertical expansions to the Afric Zone and high-grade sub-zones,” said Darin Wagner, President and CEO of Balmoral. “The style of gold mineralization on the Northshore Property displays similarities to other porphyry hosted/related gold deposits, including portions of the large Canadian Malartic gold deposit currently being mined in similar aged rocks in Quebec and the Fort Knox deposit in Alaska.”
To read more about the results – CLICK HERE.