Balmoral Resources (OTC Other: BALMF; TSX-V: BAR) has intersected anomalous gold mineralization over broad widths ranging from 29.07 to 163.71 metres at the Martiniere East target area, located along the Detour Gold trend in Quebec approximately 50 kilometres east of the Detour Gold deposit. Results from 5 of the initial 6 holes (results from two holes remain pending) testing the Martiniere East target are highlighted by holes MDE-11-01 which returned 105.44 metres grading 0.94 g/t gold starting at a vertical depth of less than 38 metres and hole MDE-11-06, collared 120 metres to the east, which returned 140.80 metres grading 0.68 g/t gold.
According to Darin Wagner, President and CEO of Balmoral, “The initial drill results from Martiniere East provide continued evidence of the scale and potential of the Martiniere gold system and adds an important bulk tonnage gold target to the high-grade Martiniere West and Central targets. The scale of this system dwarfs any historic discoveries in the belt outside the Detour Gold deposit itself. Drilling has now intersected broadly anomalous zones of gold mineralization in three zones over 1,200 metres of strike length (see Figures 1 to 4, below) with all zones remaining open for expansion. While we are in the early stage of testing this large gold system, we clearly have a significant discovery on our hands at Martiniere and expect this to be the focus of our activities for the months ahead. Our exploration team have returned to Quebec and we anticipate drilling to resume at Martiniere on or before June 28, initially with two drills.”