Balmoral Resources (OTC Other: BALMF; TSX-V: BAR) completed the first drill hole on its wholly owned Grasset Property, returning 1.66 g/t gold over 33 metres, including 6.15 g/t gold over 4.04 metres and including 4.18 g/t gold over 5.00 metres.
According to Darin Wagner, “The discovery of a significant high grade gold occurrence in our first hole at Grasset continues to demonstrate the camp scale potential of our Detour Gold Trend Project. The strong geological similarities between this new discovery and a number of large gold deposits elsewhere in the Abitibi Belt is very encouraging, as is the fact that our model driven exploration approach is having tremendous early success along the Detour Gold Trend. Given our land position and success to date at Martiniere, Fenelon and now Grasset, Balmoral is positioned to be at the forefront in the discovery of the next major gold camp in North America’s most productive gold district.”
Keep in mind, these assays are from the Company’s first drill hole, thus we are looking forward to additional news going forward.