Nov 30 2011
Balmoral Resources Ltd. has reported additional results from the Company's Martiniere West Gold Zone fall 2011 expansion drilling program.
Results were highlighted by hole MDW-11-41 which returned a high-grade core intercept of 4.24 g/t gold over 22.59 metres including a Main sub-zone intercept of 29.02 g/t gold over 1.39 metres. This high-grade core is located within a broadly mineralized zone which returned 0.84 g/t gold over 164.00 metres - the broadest gold mineralized intercept to date from the West Zone.
Drilling has now extended the Martiniere West Zone to 380 metres along strike and the Zone remains open in all directions beyond the extent of current and historic drilling. The 2012 winter drill program, anticipated to commence in January, will focus on expanding the near surface and depth extent of the West Zone with a goal of completing an initial resource estimate for the high-grade West Zone in mid-2012.
Drilling has also intersected a previously unrecognized, relatively shallow dipping, gold-bearing structure - the Cross sub-zone - which appears to cross-cut the West Zone in the vicinity of holes MDW-11-41/41a. The intersection of these two structures appears to have resulted in a significant increase in the thickness of the high-grade core of the Zone in this area and indicates potential for a broader, high-grade plunging chute along the plane of intersection of these two structures. Drilling has also identified, in hole MDW-11-38, the deepest of the holes reported, a potential extension of the Deep Footwall Zone initially intersected in hole MDW-11-29 (see NR11-28, Nov. 21, 2011). A revised long section and plan map of the West Zone has been posted on the Company's website at www.balmoralresources.com.
Balmoral's Martiniere Property is part of the Company's Detour Gold Trend Project, which extends for 82 kilometres along the Detour-Sunday Lake Deformation Zone in central Quebec. In addition to the Martiniere gold discoveries, the Project includes the near-surface Lynx and Rambo Gold Zones on the Detour East Property, the high-grade Fenelon Gold Zone and the recent Grasset Gold Discovery. Drilling was recently completed on the Detour East Property which is located adjacent to the Detour Gold mine development project in neighboring Ontario.
Source: www.balmoralresources.com