OTCQX:BALMF - Post by User
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AlternativeViewon Feb 07, 2019 8:20pm
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RE:VTEM surveys
RE:VTEM surveysFoulkes also confirmed that they have complete VTEM coverage from this survey.
He also confirmed that I was correct in my extrapolation of the horizon of interest. They estimate that it intersects the overburden about 300 m to the east, based on a consistent drip angle.
There are VTEM targets to the east but might be located too far to be relevant, unless dip angle is not constant. In any case we are talking about very shallow drilling.
diabase1
Vancouver, August 6, 2014) – Balmoral Resources Ltd. (TSX:BAR; OTCQX:BALMF) (“Balmoral” or the “Company“) announced today that it has commenced a low-level, high resolution airborne electromagnetic (“EM”) survey which will target additional occurrences of nickel-copper-PGE mineralization within the Grasset Ultramafic Complex (“GUC”). The southern end of the GUC hosts Balmoral’s high-grade Grasset nickel-copper-PGE discovery. The GUC trends northwest for over 16 kilometres from the discovery area and this will be the first modern low-level airborne survey over the bulk of the GUC.
The current airborne survey will utilize Geotech Ltd.’s state of the art VTEMPlus helicopter EM and magnetic gradiometer system. Data from a similar VTEM survey, collected along the southern margin of the GUC in 2011 by Balmoral, played a key role in the Grasset nickel discovery and in gold discoveries in the Grasset and Martiniere areas of the Detour Trend Project.
In addition to the Grasset Nickel Trend (Grasset-Fenelon-Jeremie South and Jeremie Properties), the survey will cover recently acquired additions to the Grasset Property, as well as the Lac Fleuri and Nantel claim blocks located east and south of the Grasset discovery respectively. The planned survey will include approximately 2,800 line kilometres of data collection and, subject to weather conditions, will be completed over the next two weeks. Final data products are expected to be available to the Company late third quarter or early fourth quarter 2014.
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