Post by
freemax1 on Jan 16, 2020 9:20am
here is the !!!NEWS!!!
Balmorals Area 51 Gold System Program Continues - Preparation for Winter Drilling Underway (Vancouver, January 16, 2020) Balmoral Resources Ltd.s (Balmoral or the Company) (TSX: BAR; OTCQX: BALMF) previously announced ground geophysical survey targeting the Area 51 gold system (see News Release 19-27; Dec. 16, 2019) and related gold discoveries on its wholly-owned Fenelon Property in Quebec is continuing and on track to be completed later this month. Drill site permitting has already begun for those portions of the survey area completed to date, and drilling is anticipated to commence in February. The Fenelon Property forms part of the Companys district-scale Detour Gold Trend Project located in west-central Quebec. We are very pleased with the early results from the extensive geophysical program being completed at Fenelon, and are in the process of permitting several additional drill sites targeting gold mineralization in Area 52, Area 51 West, and along the Ripley/Sunday Lake gold trends, said Darin Wagner, President and CEO of Balmoral. The positive results from our fall Area 52 and Ripley drill programs are aiding in the evaluation of the ongoing geophysical work and allowing us to move rapidly from receipt of survey results to targeting and drill permitting. It is currently anticipated that a minimum 5,000 metre diamond drill program will be conducted on several targets throughout the surveyed area during the current winter season. The focus will be on targeting extensions of the Area 51 gold system and on high-grade gold targets along and proximal to the Sunday Lake deformation zone which also transects the property.
Comment by
flashcash on Jan 16, 2020 2:21pm
They should have at least drilled a 500+m under the fault zone to start off with or released the survey map to the public domain.