Balmoral Resources Ltd. (TSX-V: BAR and OTC Other: BALMF) reported today some excellent results from the first six holes of its summer 2011 drill program on the Martiniere Gold Property located along the Detour Gold Trend in Quebec. Results were highlighted by broad, low-angle, high-grade gold intercepts of 8.14 g/t gold over 21.47 metres and 5.65 g/t gold over 21.60 metres. The two high-grade intercepts are centered at 60 and 130 metres vertical depth, are surrounded by broader halos of lower grade mineralization and contain numerous occurrences of visible gold.
Darin Wagner, President and CEO commented in the release: “The Martiniere West Zone continues to demonstrate continuity and promising grade x thickness at shallow depths. It has now passed from a promising target to a significant gold discovery and is just one part of the larger Martiniere gold system. On-going drilling has recently intersected a second similar looking zone of alteration and sulphide mineralization in the footwall to the West Zone for which initial assays are pending.”
These are the type of drill results that can put a mining company on the map and could very likely be the starting point or “discovery hole” for a large new gold deposit/discovery. Given that this project area is located at around the midpoint of over 70 km of the Detour-Sunday Lake trend of Ontario/Quebec controlled by Balmoral (with the Detour Lake deposit at ~18.5M oz gold anchoring the western edge) combined with the fact that this is a management team that has already earned its stripes by building up and selling a past gold discovery for huge investor gains – this release should serve as a resounding wake up call that the time to take a serious look at Balmoral is right now.