Balmoral Resources Ltd BALMF

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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.

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Balmoral Resources Ltd > The GUC Is No Longer Fully Defined by Magnetics

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Comment by AlternativeViewon Feb 07, 2019 5:15pm

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Post# 29334887

RE:The GUC Is No Longer Fully Defined by Magnetics

Wow, I just thought of someting else.

A couple of days ago, I mentioned an old VTEM survey which has not, to my knowledge, been published. If I am right about the probable shallowing of the new find to the east, and if the eastern extent of the unpublished VTEM survey comes up short, we should expect either a new VTEM survey in this area, or at least a reprocessing of the old data. VTEM could well be an effective exploration tool in the new eastern portion of the GUC play.

AlternativeView wrote: I'm sure you have all seen this presentation:
https://www.balmoralresources.com/assets/docs/ppt/2019%2001%2017%20Balmoral%20T1%20Ni%20Discoveries%20V3i.pdf

Up untill now, BAR seems to have been selecting GUC drill locations based upon the magnetic signature which defines the surface expression of the peridotite intrusive that hosts the Type 2 H3 deposit at Grasset. The presentation indicates that the H1 deposit at Grasset is a "Type 1-Intrusive Contact". A bit of a mismatch in that H1 is Type 1, while H3 is Type 2.

Anyway the new find, which is Type 1-Volcanic Contact was initially missed because it is lower in the stratigraphy and outside of the magnetics signature of the intrusive peridotite.

This means that the existing outline of the GUC mineralization is no longer accurate. It will eventually be extended to the NE.

What is also interesting is that the entire depositional sequence is tilted and dips to the SW. So it is entirely possible that the komatiite new find will be intersected at shallow depth to the NE. While it might not outcrop, it might be found just below the overburden, a couple of hundred meters to the northeast. ANd this new exploration fairway should extend the full 7 km to the H1 zone at Grasset, where it might again be found slightly to the NE of H1.

If my memory serves me, there is another strong mag anomaly to the east of H1. Possibly another intrusive that might have had a hole drilled into it. I can't remember. Maybe BAR should explore to the east of that mag anomaly, as well.