Balmoral Resources Ltd. (TSX-V: BAR and OTC Other: BALMF) announced today that drilling has confirmed the discovery of a volcanogenic massive sulphide (“VMS”) system on the Martiniere Property, part of the Company’s Detour Trend Gold Project. Several drill holes collared 43 to 145 metres along strike northeast from previously reported Martiniere East drill holes have intersected a 4.00 to 13.65 metre thick horizon of massive pyrite with minor associated base metal sulphides. The massive sulphide body overlays an extensive semi-massive pyrite-rich feeder/stockwork zone which extends for up to 80 metres down-hole below the more massive mineralization.
“The discovery of a previously undetected volcanogenic massive sulphide body in a region that hosts the large Selbaie deposit (53 million tonnes at 1.0% Cu, 1.9% Zn, 41 g/t Ag, and 0.6 g/t Au) and the prolific Mattagami base metal camp adds an exciting new element to our Detour Gold Project,” said Darin Wagner, President and CEO of Balmoral Resources.
Assay results remain pending and will be released as they are received by the Company. Drilling continues at Martiniere West with 6 to 8 additional holes planned before the drill is shifted to the Detour East Property.
The Company also announced that an extensive high-resolution airborne electromagnetic and magnetic survey of its Martiniere, N2, Grasset, Harri and East Doight Properties has commenced.