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Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals
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 by User

Balmoral Resources Ltd
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Post by goindeeperon Oct 01, 2014 10:36am
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Post# 22986360

size of Ni deposit effectively quadrupled

size of Ni deposit effectively quadrupled
as of this news release.  I was expecting the share price to really jump on this but it looks like the old "sell on news" once again. 

from news release: Results from 12 recently completed holes, and several pending intercepts, imply more than a doubling of both the strike and down-dip extent of the Horizon 3 discovery

After looking at the borehole map and the pending boreholes, it appears that they are confident that Horizon 3 is contiguous to the GR-14-23 borehole to the NW.  Since GR-14-23 currently seems to be the NW economic limit of that deposit based on the smaller intercepts, I hope they do some deeper drilling to determine the potential at depth.

https://www.balmoralresources.com/i/maps/Figure_1_GR_Ni_Plan_Map_Oct_2014-Upt.jpg
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities