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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 westcoast2019on Mar 27, 2020 5:01pm
233 Views
Post# 30854538

RE:RE:RE:Bar

RE:RE:RE:Bar
BrankoInvests wrote: 7 of the 8 holes drilled visible gold Yahoo next news release will be huge....


Actually the Mar 24 20120 NR said 6 of 8 drills\ I guess the timing of the next news release will depend on if the assayers are working-------------------

Following the orders of the Governments of Quebec and Ontario in response to the COVID-19 pandemic, that it has, effective immediately, suspended until further notice its exploration activities in both provinces.

Balmoral’s head office in Vancouver was closed in response to the concerns around COVID-19 on March 12, 2020, with all staff requested to work remotely since that time. To date Balmoral, and Wallbridge Mining Company Limited (“Wallbridge”) with whom Balmoral shares the Fenelon exploration camp in Quebec, have reported no suspected or confirmed cases of COVID-19. The parties have had in place COVID-19 protocols to protect the workforce currently in camp.

The health and safety of our workforce and our exploration partners is always paramount and as such we are making the decision, in line with the decisions by the governments of Quebec and Ontario, to suspend field operations at this time” said Darin Wagner, President and CEO of Balmoral. “We would like to extend our thanks to our partner groups, suppliers and shareholders for their cooperation and understanding in this unprecedented situation.”

The suspension of field operations will conclude the previously announced Fenelon winter 2020 drill program (see NR20-03, Feb. 13, 2020).  At the time of suspension, the winter 2020 program will have come very close to reaching its initial target of 5,000 metres drilled. Drilling has focused on the Area 52 gold target, with six of the eight holes completed to date in Area 52 having successfully intersected visible gold mineralization. Final assay results from the winter 2020 drill program will be provided when they A become available.

A good PDF on the BAR website that describes Area 52

 

https://www.balmoralresources.com/assets/docs/ppt/Area%2052%20Target%20Presentation%20July%202019%20web-20190718161941.pdf


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