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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 > Mag-low survey
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Post by goldhunter11 on Jan 31, 2020 9:56am

Mag-low survey

While waiting for the new IP Survey results to come in. Here is some interpretation based on available results.
- BAR figure, link below. The purple area is the area covered by the suvey (in NR 13 Dec 2019). Also, they show the Magneticlow/51 Corridor and the Sunday Lake Deformation Zone. In area 50, there are two yellow areas that are similar in colour to those shown in the WM areas where they have hit high-grades intercepts. Thes two zones in area 50 could be the extension of hole 89 (about 250m on the east side of the boundary). If BAR sink the drill there they would probably hit some shallow high-grades (my speculation).

https://www.balmoralresources.com/assets/img/resized/Fenelon_IP_2019-2020-20191215201216.jpg

Below those, further south (let's assign that to area 52) there is another yellow blob, another potential target. Looking further east where Ripley Gold zone is) there is another yellow blob just below the end of area 51.
- WM info: The above info seems to be consistent with Fig 1 of WM NR 27 Jan 2020 which shows the intermediate Intrusive (mauve/yellowish) zones. The top left of the 51 corridor show three step-out holes, featuring hole 89 (250m to the boundary).
GH11
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Comment by diabase1 on Jan 31, 2020 1:16pm
Goldhunter: My take on the Mag survey. The Mag low is probably related to the alteration rocks. The Mag highs are probably related to the gabbro/pyroxenite . The latter can be within both the Jeremie Pluton and the sediments. Take a look at some of the Cross Sections. With respect to the IP survey, it would be nice if they (and WM) reported the sulphide % in their assay reports. I'm sure they ...more  
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