Balmoral Resources Ltd BALMF

Just One More?

[diabase1]

Thanks Chaulk for your thoughts. Good ones!! However, in BAR's case, infill drilling would probably only increase reserves by 10-20%. I don't think they'd be wandering around looking for new targets, as they have already carried out geophysics that look to have detected some interesting targets. Keep in mind that this area (Detour Fault) is covered (no outcrops). Limited funds? I realize that. However, it should be their plan to budget at least one drill for exploration drilling, while the other drills continue on infilling. How many drills do they have going now? Smashing results from a new target, either gold or nickel or VMS, from a separate target, would do wonders for the share price!! However, any outside drilling would have to wait for a winter programme, because of the swampy ground. With respect to the 810 property, they recently carried out an IP survey and are considering a 2018 drill program. However, BAR talks about potential gold. However, maybe they should also be THINKING VMS!!!! Then again, the powers to be will make their own decisions.

[Streicher]

Infill drilling normally improves the quality of the information so that resources may be upgraded to reserves. Not a bad thing if you want to tuck something tangible under your belt but the drilling does not necessarily increase the total tons of reserves/resources.   If  the infill are deeper holes then the resources may be increased and perhaps improved structural information obtained

[diabase1]

Streicher: I understand the purpose of infill drilling. All I'm saying is, while infill drilling is going on, there should be one drill doing outside exploration drilling. If it's a case of no extra money, so be it.