OTCQX:BALMF - Post by User
Post by
goldhunter11on Feb 13, 2020 10:42am
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Post# 30685733
Balmoral Winter Drill Program
Balmoral Winter Drill Programhttps://www.balmoralresources.com/news/balmoral-commences-winter-drill-program-at-fenelon-targeting-expansion-of-the-area-51-gold-system-detour-gold-trend-project-quebec
This NR does not say much, just some general details about which we already knew. Noted the following:
- It does not refer to area 50a anymore (now called 51 west to confuse the issue?)
- It does not show the location of the planned drill holes, including the first drill hole (Photo 1 shows: workers pickinng up drill core...where they put the first hole would be more informative).
- why not show us some geophysics results, and have a discussion the reasons for selecting the drill targets.
- They are now want to drill Grasset as well? citing the old high-grade results they had in 2015. Why wait for 5 years? It looks like some scattered thinking.
Personally, it would be better to do some drilling in area 52 and 50 to ride on the Fenelon results from WM, and perhaps spebd some effort in developing Matiniere/Bug Lake further to get this deposit from about 0.6Moz to near 1Moz, rather than the Grasset area (Ni mainly?). It looks like Wagner still has a bit of affection to Ni which is cuurently in the dog house. He focus should be on Au.
GH11
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