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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

Comment by VOKBLVRon Jun 30, 2016 12:14am
216 Views
Post# 25011133

RE:RE:RE:unfortunately got it backwards

RE:RE:RE:unfortunately got it backwardsYou have been around BAR for quite a bit longer than me. Your perspective is,as you say, from the position of a back seat driver. A resource estimate on the Martinere gold requires a substantial drilling exercise (now underway). Whether this should have been done prior to the Grasset nickel discovery PEA is -or was a mangement decision. I think  DW has a plan and as more informaion becomes available better decisions are made as to where the goal posts are located.
We are now drilling and we should get enough information to beter define the Martinere  system and to determine if there is an economic deposit-either underground or open pit. On the edge of my chair looking forward to positive results.
GLTA
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