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Balmoral Resources Ltd BALMF

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.


OTCQX:BALMF - Post by User

Post by Chaulkduston Aug 26, 2019 12:27pm
141 Views
Post# 30066270

News Release Opinion

News Release OpinionAfter reading the new press release it seems we will have a long wait. They mention a 4-6 week wait for assay results. Assay companies as probably very busy this time of year. I hink they may have provide a hint at some gold. They said “the observed mineralized zones correlate well with the geological setting of the Area 51 gold mineralization recently discovered on the adjacent Fenelon Mine Property.”.

So I read this as they confirmed what WM has already located in area 51 and that it does extend on to BAR property. Also, what was found was similar to what WM found including the widely spaced gold intercepts.

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