Look at these huge drill results HHS next door with 9800 HECTARES
Balmoral drills 118.84 m of 0.67% Ni at Grasset
Mr. John Foulkes reports
BALMORAL RESOURCES (TSX:BAR) EXTENDS GRASSET H3 ZONE TO DEPTH WITH INTERSECTION OF 42.70 METRES GRADING 1.11% NI, 0.12% CU, 0.20 G/T PT AND 0.49 G/T PD
Balmoral Resources Ltd.'s expansion drilling has successfully extended the vertical depth of the core of the H3 nickel-copper-platinum-group-element zone by over 30 per cent. Two holes, GR-15-87 and GR-15-90a, drilled along the projected plunge of the H3 zone intersected nickel sulphide mineralization over downhole widths of 118.84 and 86.09 metres, respectively. Both holes extend the higher-grade core of the zone vertically by approximately 100 metres in the areas tested.
Highlights:
- Downplunge extent of higher-grade core to H3 zone increased by over 30 per cent; remains open to depth;
- Hangingwall gold zone returns 10.04 grams per tonne over 3.80 metres;
- Updated website launched.
Results from the two holes were highlighted by an intercept of 42.70 metres grading 1.11 per cent nickel, 0.12 per cent copper, 0.20 g/t platinum and 0.49 g/t palladium, within a broader 118.84-metre-wide sulphide-mineralized intercept which returned 0.67 per cent Ni, 0.07 per cent Cu, 0.11 g/t Pt and 0.27 g/t Pd from hole GR-15-87. This is one of the top six intercepts reported to date from the H3 zone on a grade by thickness basis. Both GR-15-87 and GR-15-90a show mineralized widths roughly equal to, and grades notably stronger than, the two holes located vertically above them. This suggests a trend back toward higher nickel, copper, platinum and palladium grades at depth within the core of the larger system.
"Today's results represent a significant expansion of the higher-grade core of the H3 zone and clearly demonstrate that the zone remains open for further expansion to depth, with the potential added bonus of improving nickel grades," said Darin Wagner, president and chief executive officer of Balmoral. "With these strong results from H3, several additional mineralized intercepts from the nearby H1 zone and continued confirmation of high-grade gold potential proximal to the Grasset discoveries our team continues to deliver an expanding suite of growth opportunities."