Canadian Mining Journal

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GOLD: Balmoral extends Bug South deposit to 350 metres depth



QUEBEC – Drilling by Vancouver-based Balmoral Resources has extended the Bug South gold deposit to 350 metres below the surface. The deposit is part of the Martiniere property equidistant between the Detour and Casa Berardi gold mines.

A drill rig at the Bug South gold deposit.

The best hole was in the Upper Bug zone. Hole MDE-16-255 returned 9.16 metres grading 3.51 g/t gold including 1.36 metres at 20.30 g/t. Assays from the same hole as it passed through the Lower Bug zone returned 7.34 metres grading 2.14 g/t gold including 1.75 metres of 8.40 g/t. The hole also cut the 221 zone which assayed 4.64 g/t gold over 0.54 metre. The high grade 221 zone occurs in the hanging wall of the Bug South deposit.

The Martiniere gold system has a number of high grade, gold-bearing structural zones. The largest identified to date are the Bug Lake Trend (1,200 metres) and the Martiniere West Zone Trend (700 metres).

Details of the project are available at www.BalmoralResources.com.