MONTREAL – As the Quebec Mining Exploration Association (AEMQ) meets to promote the mineral industry in this province, the association has given its Prospector of the Year Award to Vancouver’s Balmoral Resources for the second consecutive year. Balmoral is the only company to have won consecutively and one of only two double winners.
Balmoral was recognized this year for the discovery of the Grasset nickel-copper-platinum group metals system. Last year the award was made for the Bug Lake and related gold discoveries on the Martiniere property.
The Grasset nickel-copper-platinum-palladium discovery is located in west-central Quebec, 55 km west of Matagami and 40 km east of the Bug Lake-Martiniere gold system.
To date, Balmoral has intersected broad zones of Ni-Cu-PGE mineralization in two horizons, for up to 840 metres along strike. Results have been highlighted by intercepts of 45.28 metres grading 1.79% Ni, 0.19% Cu, 0.42 g/t Pt, 1.04 g/t Pd and 44.79 metres grading 1.53% Ni, 0.16% Cu, 0.37 g/t Pt and 0.86 g/t Pd. The company recently announced a doubling of the recent Horizon Three discovery both along strike and at depth.
The Grasset nickel zones occur at the southern end of a 16 km long intrusive complex which is wholly controlled by the Balmoral and is the focus of on-going exploration activities.
Learn more at BalmoralResources.com.