GREY:DRGDF - Post by User
Post by
nor_easteron Nov 22, 2011 9:28pm
279 Views
Post# 19259970
DGC - New Neighbour!! -Osisko Mining
DGC - New Neighbour!! -Osisko Mining
BALMORAL ACQUIRES NEW NEIGHBOUR IN DETOUR GOLD BELT AS OSISKO MINING OPTIONS ADJACENT PROPERTY
Balmoral Acquires New Neighbour in Detour Gold Belt as Osisko Mining Options Adjacent Property
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2011) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) advises its shareholders that Midland Exploration Inc. ("Midland") today announced that is has granted Osisko Mining Corporation ("Osisko") an option to earn up to a 75% interest in its Casault Property. The Casault Property is located between Balmoral's Detour East and Martiniere Gold Projects along the Detour Gold Trend in central Quebec.
"While the markets can sometimes be a little slow to recognize the significance and potential of new gold discoveries like those on our Martiniere, Fenelon and Grasset properties, veteran industry participants seldom are," said Darin Wagner, President and CEO. "With the completion of the acquisition of Trade Winds Ventures by Detour Gold, and today's move by Osisko, Balmoral now shares the Detour Gold Trend with two of Canada's leading gold developers (see attached property map). We congratulate Midland on reaching a solid agreement on the Casault Property, welcome the addition of the Osisko exploration team to the Trend and look forward to the increased level of exploration activity in the neighbourhood."
Link: https://www.stockhouse.com/financialtools/sn_newsreleases.aspx?qm_symbol=V.BAR&newsid=8373449
Map Link:https://www.balmoralresources.com/i/maps/FEN_Hole44_MAG.jpg