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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

Comment by goldhunter11on Feb 09, 2020 5:17pm
90 Views
Post# 30664795

RE:RE:Great Thunder Gold

RE:RE:Great Thunder Gold Agreed that GTG acquisition is not that clear. I just posted on GTG chat board that Blair Naughty seems to be a great promoter for this company, buying more shares right up to the high to boost his holding to 16.6%. At the same time, GTG is trying to arrange some (small) money to start doing something, poking a few holes for a proximity play?
May be there is something BAR can learn from the published satellite survey results using the LWIR?
Yes, BAR has some $8M? in cash. They can afford to put together a decent drill program for area 52 and 50 (about 10,000m would be a good start to get noticed). It's kind of interesting that they did not mention area 50 in the latest (Feb) Corp Presentation (I may be mistaken). In my opinion, they should have a few hole up in the NW corner, right up to the Northbound property, since there are some mag-low fringes up in that area. BAR will have more mag survey results soon, along with their drill program commencement?
GH11
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awacs1 wrote: I am not optomistic about the GTG acquisition. But I would be enthusiastic about BAR if they announced the commencement date for drilling. At least they could announce that they have contracted with a drilling company. I second the motion for a management change. Enjoy


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