Balmoral Resources Ltd BALMF

RE:RE:No Killer Intersections In Latest PR

[AlternativeView]

My first thought was that they might have some additional assays ready from new komatiite nickel discovery NW up the GUC.  That is why I asked if anyone knows if drilling has continued there.  Foulkes did not answer his phone this morning.

If not more assays, then the only other options would be that Wagner will get on stage at PDAC with the same presentation used at VRIC, or, they might announce a new partner?  Is that what you are thinking?

If that were to happen then my guess would be an Australian company like, maybe Minara Resources Ltd., or BHP Billiton Ltd.   Not sure which of the Australian companies have the most expertise / interest in the komatiite analogue in Australia that was used by Wagner in the most recent presentation.  I am talking now about the overlay graphic on the GUC on top of the Australian nickel district, whatever its name was.

chaney wrote: AV, you say PR out sooner than you expected? Could it be that maybe they have a bigger and better announcement and it has nothing to do with drilling? I don't have any insider news but just guessing.

AlternativeView wrote: No real surprises here. They hit their zones and grades appear to be as expected.  Certainly no better than the previous holes drilled the the same vicinity.

Remember that the recent Grasset deep drilling was started before the new komatiite hosted discovery 7 km NW.  SO I doubt we will see any more of this deep Grasset drilling in the next few years.

THis PR is out a bit sooner than I expected.  Leaves me wondering what Darin plans to use for PDAC presentation materials.  Anyone know if they are still drilling, at the moment?