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Bullboard - Stock Discussion Forum 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 Discussion

Balmoral Resources Ltd > Balmoral Winter Drill Program
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Post by goldhunter11 on Feb 13, 2020 10:42am

Balmoral Winter Drill Program

https://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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Comment by astrorbit on Feb 13, 2020 5:52pm
Figure2 shows the veins. There needs to be a drill hole in the andromeda corridor. Bar is definetly taking a safe route. Drilling near Wm boundary and by a Wm drill pad. The andromeda corridor looks like premium real estate.dare say almost a sure thing to hit. Not expecting pdac results.
Comment by diabase1 on Feb 13, 2020 8:32pm
Have they done any IP surveys in Area 51 West, west of the Andromeda Corridor> If not, they better do it first before they drill there!!!!!!!!
Comment by goldhunter11 on Feb 14, 2020 9:42am
See Fig 1 of NR Dec 16,2019. The purple area, the IP survey fly-over, seems to cover aea 50 and 51 west, and area 52 by about 2km width on the west and south side of WM area 51. Apparently BAR is drilling area 52, but as of 16 Dec they were still waiting for drilling permit for the rest. But by now they should have finished the IP survey and perhaps have the permit in hand for drilling. If not ...more  
Comment by diabase1 on Feb 14, 2020 9:58am
It's covered. Thanks Goldhunter11. Heh BAR, show the results so we can see what you're drilling or what you should be drilling.
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