December 17, 2012: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR & OTCQX:BALMF) reported today that the additional broad, high-grade gold intercepts from the Bug Lake area of the Company’s Detour Gold Trend Project in Quebec. Drill hole MDE-12-72 returned the highest grade intercept to date from the Bug Lake Zone – 6.73 metres grading 23.82 g/t gold – from a vertical depth of only 25 metres. The same hole intersected the Footwall Zone which returned a similarly high-grade intercept of 16.53 g/t gold over 6.21 metres (at a vertical depth of only 49 metres).
Drilling continues to confirm the continuity of at least three closely spaced, high-grade gold zones, the Footwall, Bug Lake and Hanging Wall Zones, within the Bug Lake Fault corridor. The Bug Lake Zone continues to demonstrate good overall widths including intercepts of 8.54 g/t gold over 19.08 metres and 1.98 g/t gold over 44.48 metres, frequently with higher grade sub-intercepts. The Hanging Wall Zone, located approximately 60 metres east of the Bug Lake Zone, continues to return high grade values including 36.01 g/t gold over 2.07 metres from hole MDE-12-70. Results for an additional 11 holes completed during the fall 2012 drill program remain pending. Winter road construction is now underway in preparation for the next phase of drilling which is slated to begin in early January 2013.
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