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Bullboard - Stock Discussion Forum 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 Discussion

Balmoral Resources Ltd > Looks to me
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Post by montybissett on May 16, 2019 3:28pm

Looks to me

like they expanded the area where nickel is. CD we had an opportunity 18 months ago to expand the MRE at Grass and do a revision to Grass. We don't have the money to do that anymore. We don't have funding to prove gold grade is deep at Mart. We have to be patient and hope our neighbor WM brings attention to the gold. We have to hope Trump gets China to drop their trade practices. We have to hope Ni inv keep on doing what they have been doing for last couple years. A whole lot of hoping and wishing. We also have to have a change of luck. When you see the doc DW drew up for his demise from company that isn't an option. That document alone should have made us leary of investing in Bar. Even with the mess it's a good time to buy BAR 

The Ni inv as mentioned before have been the only bright light in a dismal situation we are in. I would like to know what is happening with #1 nickel inventories.
Comment by diabase1 on May 16, 2019 3:46pm
Montey, looks to me like Mr. Wagner has to look much deeper if he's going to find anything!! How about a MT (magnetotellurics) survey. It looks very deep!! Try the immediate drill hole area. If they like the results, then do the entire GUC!!!!! Then do the same for La Roche area. Forget Garfoyle area for now. Gheezzzz!!!!!
Comment by Chaulkdust on May 16, 2019 4:02pm
dia, they were also hot-to-trot on RUM just a little while ago as well. Png Pong Ding Dong exploring BS.
Comment by diabase1 on May 16, 2019 5:52pm
Mining exploration[edit] MT is used for various base metals (e.g. nickel) and precious metals exploration, as well as for kimberlite mapping. INCO's 1991 proof-of-concept study in Sudbury, Ontario, Canada sensed a 1750-meter-deep nickel deposit. Falconbridge followed with a feasibility study in 1996 that accurately located two Ni-Cu mineralized ...more  
Comment by Chaulkdust on May 17, 2019 12:31pm
diabase1, how expensive is MT mapping as compared to the type of mapping BAR has been doing over the last couple of years?
Comment by diabase1 on May 17, 2019 3:13pm
Chaulk: I don't know the costs of a MT survey. However, I did make a comparison between the old historical airborne EM data and the recent Geotech data, and I didn't see all that much improvement. That said, maybe the costs for the recent airborne survey could have been applied to a ground MT survey. Google MT and you will get a rough idea of this type of survey.  
Comment by Chaulkdust on May 16, 2019 3:55pm
What document are you referring to when you said "When you see the doc DW drew up for his demise from company that isn't an option"?? Unfortunately, the expansion is of such low grade ore it's basically useless except for a borderline open pit operation if that's even feasible? Seems like the bare minimum ore grade required is above .2% for open pit for a depth of up to 300 ...more  
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