July 18, 2013: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR & OTCQX:BALMF) reported that the latest round of drill testing on the Company’s Northshore Property in Ontario has intersected a new high-grade gold bearing vein system in hole WB-13-47, the final hole of the current program, returning an intercept of 5.23 g/t gold over 6.00 metres at a vertical depth of less than 15 metres, including 19.20 g/t gold over 1.50 metres.
This shallow, high-grade intercept is located in an area of sparse testing between the Afric Gold Zone and the former producing high-grade Northshore mine on the Property. GTA Resources and Mining Inc. (“GTA”), the operator of the current exploration program on the Northshore Property, interprets this upper intercept, and a second high-grade intercept of 8.85 g/t gold over 1.00 metre located lower in the same hole, as trending parallel to the Northshore vein system and open for lateral and vertical expansion.
“We are very encouraged to see new, shallow, high-grade gold opportunities opening up at Northshore, as well as further progress in defining the broader elements of the gold system on the Property,” said Darin Wagner, President and CEO of Balmoral Resources.
To view a table of the results – CLICK HERE.