Balmoral Discovers New Nickel-Copper-Cobalt-PGE Zones Balmoral Discovers New Nickel-Copper-Cobalt-PGE Zones 7 Kilometres along Strike from Grasset Deposit, Quebec
Highlighted by Discovery of 7.58 metres grading 1.05% Nickel, 0.31% Copper, 0.05% Cobalt, 0.20 g/t Platinum and 0.48 g/t Palladium
Includes a Massive Sulphide Intercept grading 4.14% Nickel, 0.26% Copper, 0.18% Cobalt, 0.81 g/t Platinum and 1.93 g/t Palladium over 0.65 metres
(Vancouver, January 17, 2019) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today announced the discovery of numerous nickel-copper-cobalt-PGE sulphide mineralized zones within the central portion of the Grasset Ultramafic Complex (“GUC”) in Quebec. The new discoveries are located 7 kilometres northwest of, and along strike from, Balmoral’s Grasset nickel-copper-cobalt-platinum-palladium deposit (Figure 1). These discoveries reinforce the district scale and multi-deposit potential of the GUC.
Results are highlighted by an intercept of 7.58 metres grading 1.05% nickel, 0.31% copper, 0.05% cobalt, 0.20 g/t platinum and 0.48 g/t palladium from one of three new discoveries, each of which returned greater than 1% nickel, intersected in drill hole FAB-18-58. A massive sulphide intercept returning 4.14% nickel, 0.26% copper, 0.18% cobalt, 0.81 g/t platinum and 1.93 g/t palladium over 0.65 metres occurs at the base of this intercept (Photo 1).
https://www.balmoralresources.com/news/balmoral-discovers-new-nickel-copper-cobalt-pge-zones-7-kilometres-along-strike-from-grasset-deposit-quebec