Balmoral Resources (OTC Other: BALMF; TSX-V: BAR) reviewed 2011 exploration results on its gold projects in Quebec and Ontario, as well as outlined its exploration plans for the first half of 2012. 2011 results were highlighted by a series of new gold discoveries in the Company’s Detour Gold Trend Project in Quebec which provide the Company with potential for near term resource growth and demonstrate the highly prospective nature of the Company’s 80+ kilometre land position along the Detour-Sunday Lake Deformation Zone.
Balmoral’s 2011 exploration activities have proven highly successful with the discovery of no fewer than eight zones of gold mineralization along the Detour Gold Trend in Quebec. These discoveries include the high-grade Martiniere West Zone which, along with the Fenelon Zone, is anticipated to provide an initial NI43-101 resource inventory to the Company’s Detour Trend Gold Project in 2012.
“Our results to date from the Detour Gold Trend have gone a long way toward proving our founding premise that this, the northern most gold-bearing structural zone in the prolific Abitibi greenstone belt, should have the potential to host multiple gold zones and deposits like all of the other major gold bearing structures in the Abitibi,” said Darin Wagner, President and CEO of Balmoral. “We extend our thanks to those who supported Balmoral during 2011. With an unparalleled land position along this quickly emerging gold trend, multiple new discoveries and the finances in place to continue our aggressive exploration we look forward to delivering them a great deal of excitement and expanding opportunities over the next 12 months.”