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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

Post by Chaulkduston May 16, 2019 9:27am
55 Views
Post# 29751813

Drill Results? Any comments?

Drill Results? Any comments?
Drill results look like a big “Nothing Burger”. Ore grades are anywhere from 3 to 6 times less than what we already found at Grasset South where we have a RE. Looks like they did drill 2 deeper holes (600+ meters) and the Ni % was rather low even at depth. I don’t see what DW is excited about at all. Hopefully someone with some expertise will provide an opinion of what was found. My comment above is just my seat of the pants opinion, I’m not a mining expert. To me it just brings up the uselessness of drilling the central GUC at this point. Instead, should we not be expanding the existing Grasset South property where we have the initial RE at?
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