NICKEL-COPPER-PGM: Balmoral extends Grasset H3 zone at depth with long and strong intersection

QUEBEC – Balmoral Resources of Vancouver reports that it has successfully extended the higher grade core of the H3 zone down plunge by more than 30%, and the zone remains open at depth. The H3 zone is located at the Grasset gold-copper project in the Matagami region.

Two holes were drilled in the H3 zone along the projected plunge and both cut nickel sulphide mineralization. One intercepted 42.70 metres grading 1.11% Ni, 0.12% Cu, 0.20 g/t Pt and 0.49 g/t Pd within a sulphide intersection of 118.84 metres. Another hole cut 86.09 metres grading 0.65% Ni, 0.06% Cu, 0.11 g/t Pt and 0.26 g/t Pd.

Infill drilling at H3 is complete, and Balmoral is now testing the zone at depth. Additional holes will be drilled to fill in grade estimates in the newly extended portion.

Balmoral has also found three areas of anomalous gold mineralization near the H3 and H1 zones. Two of the occurrences, located 300 metres apart, were found in quartz-carbonate veining, with carbonate wall rock alteration and limited sulphide mineralization. The best result was 3.80 metres grading 10.04 g/t Au. The third area occurs in the footwall to the Grasset ultramafic complex. Deeper drilling of the H3 nickel zone will allow additional testing of the anomalous gold find.

Drill maps from the recent activities at Grasset are posted at BalmoralResources.com.