Balmoral Resources (OTCQX: BALMF; TSX-V: BAR) has four drills active. Two drills are currently expanding high-grade gold discoveries on the Martiniere Gold Property and a third is conducting follow-up drilling and testing additional targets on the Grasset Gold Property. Both properties are part of the Company’s 85 kilometre long Detour Gold Trend Project which adjoins the Detour Gold development project. The fourth drilling, being operated in conjunction with GTA Resources and Mining, has recently commenced drilling on the Company’s Northshore Gold Property in Ontario following up on positive results released March 12, 2012 (NR12-06). Initial results from the Detour Gold Trend winter drill campaign are anticipated within the next 3-4 weeks.
Balmoral Exploration Update
Balmoral Resources (OTCQX: BALMF; TSX-V: BAR) has four drills active. Two drills are currently expanding high-grade gold discoveries on the Martiniere Gold Property and a third is conducting follow-up drilling and testing additional targets on the Grasset Gold Property. Both properties are part of the Company’s 85 kilometre long Detour Gold Trend Project which adjoins the Detour Gold development project. The fourth drilling, being operated in conjunction with GTA Resources and Mining, has recently commenced drilling on the Company’s Northshore Gold Property in Ontario following up on positive results released March 12, 2012 (NR12-06). Initial results from the Detour Gold Trend winter drill campaign are anticipated within the next 3-4 weeks.
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This entry was posted on Monday, March 19th, 2012 at 8:02 am and is filed under Balmoral Resources, Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.