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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 by User

Bullboard Posts
Post by astrorbiton Mar 31, 2016 8:18pm
268 Views
Post# 24717829

Firing on less cylinders.

Firing on less cylinders.Progess has been hindered due to the share price.

Budget for 2016 is 7.5million with $5.4million on exploration.

At least BAR did not blow out the shares to 190million according to Mr.Foulkes.

Current capital is a little over 9million.

2016 fully financed :)

Mr.Wagner resigned from NCA recently.

The infamous resource estimate for bug lake is now Q4-2016 or near the end of the year.

Interesting fact 51% of drill holes hit 10G.

5 years of drilling 129 holes(

An excerpt from Goldcorp's Virgnia mines takeover.

Of the 212 drill holes completed to date on the entire property, over 70% have reported assays greater than 10 grams of gold per tonne,


Here is the full news release from goldcorp.
https://www.goldcorp.com/English/Investor-Resources/News/News-Details/2005/GoldcorpToAcquirelonoreGoldProjectFromVirginiaGold/default.aspx

Bullboard Posts