Balmoral Resources (OTC Other: BALMF; TSX-V: BAR) has a new neighbor as Osisko Mining has entered into an option agreement to earn up to a 65% interest in Midland Exploration’s Casault Property. The Casault Property is located between Balmoral’s Detour East and Martiniere Gold Projects along the Detour Gold Trend in central Quebec.
“While the markets can sometimes be a little slow to recognize the significance and potential of new gold discoveries like those on our Martiniere, Fenelon and Grasset properties, veteran industry participants seldom are,” said Darin Wagner, President and CEO. “With the completion of the acquisition of Trade Winds Ventures by Detour Gold, and today’s move by Osisko, Balmoral now shares the Detour Gold Trend with two of Canada’s leading gold developers (see attached property map). We congratulate Midland on reaching a solid agreement on the Casault Property, welcome the addition of the Osisko exploration team to the Trend and look forward to the increased level of exploration activity in the neighbourhood.”