Balmoral Reports 71% Increase in Vertical Extent of High Grade Martiniere West Gold Zone


May 2, 2012: Vancouver, BC – Balmoral Resources Ltd. (Stock Profile – TSXV:BAR) reported results from the first 6 holes of its winter 2012 expansion drill program targeting the high-grade Martiniere West Gold Zone on its Detour Gold Trend Project in Central Quebec. The reported intercepts extend the Martiniere West Gold Zone to a vertical depth of 218 metres, a 45% increase in the vertical dimension of the Zone. Visible gold mineralization has also been observed in association with the projected extension of the West Main Zone in hole MDW-12- 57a, the deepest hole of the current drill program, extending the Zone to a vertical depth of 255 metres – a 71% increase. Results from MDW-12-57a and 7 additional holes testing the West Zone remain pending.

Hole MDW-12-50a, the deepest hole reported, intersected the West Main Zone over a downhole interval of 8.24 metres, averaging 4.15 g/t gold over this interval. This intercept included several higher grade sections including 11.40 g/t gold over 0.86 metres, 8.32 g/t gold over 0.45 metres and 29.90 g/t gold over 0.40 metres. Balmoral has now intersected the high-grade West Zone over a strike length in excess of 370 metres and to a vertical depth of approximately 255 metres. The Zone remains open in all directions. Expansion drilling on the West Zone will resume in June.

“With the vertical dimension of the high-grade gold mineralized body at Martiniere West increasing by more than 70% and the Zone remaining open in all directions, the winter 2012 program has been highly successful” said Darin Wagner, President and CEO of Balmoral Resources. “These results, and those previously reported from the Martiniere East area located a kilometre to the east, continue to demonstrate the similarities between the expanding Martiniere gold system and a number of productive gold systems located throughout the Abitibi region.”

For a chart of the relevant results – CLICK HERE.


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