VANCOUVER — Any investor on the lookout for a junior explorer offering base and precious metal exposure via emerging in situ metal resources and strategic land positions, might take a second glance at Balmoral Resources (TSX: BAR; US-OTC: BALMF). The junior is just such a dual threat, thanks to a pair of discoveries on a land package that exceeds 700 km2 across the Detour trend in west-central Quebec.
The company is in the midst of a 20,000-metre drill program that encompasses its Grasset nickel-platinum group metals project and Bug Lake gold project, and it hopes to have resources out for both deposits next year.
Balmoral had been mostly a gold play due to its Martiniere property, which hosts shear-fault style mineralization at its Bug Lake and West zones typical of gold deposits throughout the Abitibi region of Ontario and Quebec.
The Bug Lake trend – discovered by the company in 2012 – features several subparallel gold bearing zones along an early, frequently activated north-south fault system. Like deposits throughout the Abitibi, the discovery is characterized by higher grades, variable widths and silica-carbonate alteration.
Read the complete article at NorthernMiner.com/news/balmoral