QUEBEC – Balmoral Resources of Vancouver has been drill testing the Horizon 3 nickel-copper-PGM discovery at its Grasset property and recorded the highest grade – 3.47% Ni, 0.40% Cu, 0.79 g/t Pt and 1.92 g/t Pd over 20.63 metres – yet intersected at the site.
In addition, drilling has extended the Horizon 3 sulphide zone to a depth of 350 vertical metres and returned other broad intervals of nickel sulphide throughout the discovery area. Hole GR-14-57 returned a Horizon 3 intercept of 57.88 metres grading 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd, including the above mentioned high grade intersection.
Balmoral said that drilling is beginning to demonstrate a continuity of high grade nickel sulphide mineralization northwest of the fault-disruption corridor that was previously intersected.
Drilling has also returned anomalous, local high grade gold assays in the hanging wall. The best result was 14.12 g/t Au over 1.90 metres. The gold mineralization occurs in quartz+/-carbonate veins.
More details from the recent drilling at Grasset are available at BalmoralResources.com.