Balmoral Resources Ltd BALMF

Numerous High Priority Conductors on Rum Ni Properties

[chaney]

https://www.balmoralresources.com/news/balmoral-identifies-numerous-high-priority-conductors-on-rum-nickel-properties-lac-rocher-region-quebec

[diabase1]

Chaney: these conductors are very interesting. If you look at Figure 2, on the west side of the magnetic high, you will see 'squiggly lines' trending NS. This is the same direction as the flight lines. This tells me that the flight lines were flown parallel to a potential conductor in this area. It is best to survey EW along the west side of this magnetic high for optimum EM coupling

[chaney]

Time will tell. “We are very encouraged by the results of the airborne survey at RUM and in particular with the number of conductors identified within and proximal to the targeted magnetic bodies in what is dominantly a non-magnetic and non-conductive granitic terrane,” said Darin Wagner, President and CEO of Balmoral. “Given the excellent access to the area and relatively shallow overburden we

[astrorbit]

How does this company proceed. Lac rocher discovered in 1999.Still.Stuck.Needs $10LB(CAD) nickel price. Now,if BAR discovers nickel it doesn't automatically get a j/v. Will it just be another potential mine that slumbers. The only way this works is if the drill is 100M of 4% :) There is no closeology with a major. How does BAR intend to actually stay solvent while fragmenting capital