Balmoral Resources (BALMF) 0.7730 $BALMF
Wealth Options N1/N2 Gold Project from Balmoral Resources Ltd. and Arranges $700,000 Non-Brokered Private Placement
Marketwired - Mon Feb 02, 7:03AM CST
Wealth Minerals Ltd. (the "Company" or "Wealth"
- (TSX VENTURE: WML)(FRANKFURT: EJZ), announces that it has entered into an option agreement with Balmoral Resources Ltd. (TSX: BAR) ("Balmoral" to acquire up to a 75% interest in the N1/N2 Gold Project, Quebec. The Company plans to complete a 1,500 metre confirmatory drill program on the project in 2015.
WML.VN: 0.140 (-0.005), BAR.TO: 0.94 (-0.01)
Balmoral Options N1-N2 Project to Wealth Minerals
Marketwired - Mon Feb 02, 6:30AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company" (TSX: BAR) (OTCQX: BALMF) reported today that it has agreed to option it's N1 and N2 Properties, located along the Casa-Berardi Gold Trend in Quebec, to Wealth Minerals Ltd. (TSX VENTURE: WML)("Wealth" . Under the terms of the Option Agreement, Wealth will be granted an option to earn an initial 51% interest in the Project by completing $2.2 million dollars in exploration on the Project over 3 years, including a minimum of $1.2 million in drilling, and issuing 3.0 million common shares to Balmoral (representing approximately 14% of the currently outstanding shares of Wealth) (see table 1 below). Under a second option Wealth may earn an additional 24% interest in the Project (for an aggregate 75% interest) through additional expenditures of $2.8 million (for total aggregate expenditures of $5.0 million) and making cash payments of $600,000 to Balmoral. Balmoral currently holds a 100% interest in the Project. The Option Agreement will require Wealth to receive the approval of the TSXV.
WML.VN: 0.140 (-0.005), BAR.TO: 0.94 (-0.01)
Balmoral Commences Winter 2015 Program on Detour Trend Project
Marketwired - Mon Jan 19, 6:30AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company" (TSX: BAR) (OTCQX: BALMF) reports that geological, geophysical and drill crews have been mobilized to the Company's Detour Trend Project in Quebec and have commenced the planned $4.5 million winter 2015 exploration program. The winter 2015 program will focus on the continued lateral and vertical expansion of the Horizon 3 Ni-Cu-PGE discovery on the Grasset Property, further expansion and delineation of the Bug Lake Zone and broader Martiniere Gold System, and the initial drill testing of several priority targets along interpreted trend of the Grasset Ultramafic Complex ("GUC Trend" . The Grasset and Martiniere properties are wholly owned by the Company and form part of its 700+ square kilometre Detour Trend Project located at the northern end of the prolific Abitibi greenstone belt in Quebec.
BAR.TO: 0.94 (-0.01)
Balmoral Continues to Expand Grasset Ni-Cu-PGE Discovery
Marketwired - Thu Dec 18, 6:30AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company" (TSX: BAR) (OTCQX: BALMF) reported the final results of the summer/fall drill program on the Company's wholly owned Grasset Property in Quebec. Drilling has now extended the Horizon 3 Ni-Cu-PGE Zone to a depth of 400 vertical metres, and confirmed 400 metres of strike extent along Horizon 3 with the zone remaining open to depth and along strike. Results were highlighted by hole GR-14-62 which returned 57.11 metres grading 1.03% Ni, 0.13% Cu, 0.20 g/t Pt and 0.55 g/t Pd, including 16.87 metres grading 1.42% Ni, 0.21% Cu, 0.29 g/t Pt and 0.90 g/t Pd. This interval also includes a very high grade massive sulphide intercept which yielded 9.88% Ni, 2.33% Cu, 2.45 g/t Pt and 6.13 g/t Pd over 0.41 metres (see Figure 1 and Figure 2). Drilling of the Horizon 3 Discovery is anticipated to resume in January 2015.
BAR.TO: 0.94 (-0.01)
Balmoral Identifies Over 50 Conductors Along Grasset Trend
Marketwired - Thu Dec 11, 6:31AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company" (TSX: BAR)(OTCQX: BALMF) reported today that over 50 discrete electromagnetic ("EM" conductors have been outlined along the interpreted trend on the Grasset Ultramafic Complex (the "GUC" , which hosts the Company's recent Grasset nickel-copper-PGE discovery. Of the 50+ conductors outlined over half are spatially associated with strongly magnetic rocks -- a setting analogous to the Grasset discovery located at the extreme southeastern end of the GUC.
BAR.TO: 0.94 (-0.01)
Update: Balmoral Resources Reports High Grades At Grasset Project
Itinerant - at Seeking Alpha - Thu Nov 27, 9:22AM CST
Balmoral Intersects 57.88 Metres Grading 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd; Highest Grade Hole to Date at Grasset
Marketwired - Wed Nov 26, 6:31AM CST
Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF)
BAR.TO: 0.94 (-0.01)
Update: Balmoral Resources Finds More Gold At Bug Lake
Itinerant - at Seeking Alpha - Fri Nov 21, 3:25PM CST
Balmoral Continues to Expand Bug Lake Gold Zone, Detour Gold Trend Project, Quebec
Marketwired - Thu Nov 20, 6:31AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company" (TSX: BAR) (OTCQX: BALMF) reported final results from the 2014 summer drill program on the Company's wholly owned Martiniere Property in Quebec. Results from 13 holes along the Bug Lake Trend were reported, 7 from the northern extension of the Trend and 6 from the fault offset area which separates the northern and southern segments of the Bug Lake Gold Zone. Highlights include the extension of the Bug Lake Trend by 250 metres to the north-northwest, discovery of high-grade gold mineralization in a new, east-west trending (Sunday Lake parallel) deformation zone and a near surface intercept of 14.78 g/t gold over 2.66 metres from the northern extension of the Hanging Wall sub-zone.
BAR.TO: 0.94 (-0.01)
Balmoral Named Prospector of the Year in Quebec for Second Consecutive Year
Marketwired - Thu Oct 23, 6:32AM CDT
Balmoral Resources Ltd. ("Balmoral" or the "Company" (TSX: BAR) (OTCQX: BALMF) is pleased to announce that Balmoral's exploration team has been recognized, for the second consecutive year, as the "Prospectors of the Year" in the Province of Quebec. The Company was recognized this year for the discovery of the Grasset Ni-Cu-PGE system, after winning the award in 2013 based on the Bug Lake and related gold discoveries on the Company's nearby Martiniere Property. Balmoral is the first company to receive the award in two consecutive years, and only the second two time winner of the award. The award was presented last evening at the annual Association de L'Exploration Miniere du Quebec ("AEMQ" awards ceremony in Montreal, Quebec.
BAR.TO: 0.94 (-0.01)
Stefan Ioannou: Copper, Nickel, And Zinc Won't Be Cheap For Long
The Gold Report - Seeking Alpha - Wed Oct 22, 1:07PM CDT
The all-powerful U.S. dollar is currently hammering base metals and base metal equities. Haywood Securities Mining Analyst Stefan Ioannou says that increasing demand and near-term supply shortages make base metals a bargain that won't last. In this...
BHP: 51.19 (+2.38), HBM: 8.34 (+0.21), NSU: 3.73 (+0.13)
Balmoral Resources: Two Promising Projects Plus Demonstrated Market Support
Itinerant - at Seeking Alpha - Tue Oct 21, 7:59AM CDT
Balmoral Receives $2,006,373 From Warrant Exercise
Marketwired - Tue Oct 21, 6:31AM CDT
Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF) ("Balmoral" or the "Company" reported that it has received a total of $2,006,373 from the exercise of warrants which expired October 17, 2014. An additional 470,588 warrants, held by a single subscriber, are eligible to be exercised on, or before, October 30, 2014 at a strike price of $0.75.
BAR.TO: 0.94 (-0.01)
Balmoral Intersects 12.50 g/t Gold Over 7.99 Metres, Bug Lake South, Detour Gold Trend Project, Quebec
Marketwired - Wed Oct 08, 6:32AM CDT
Balmoral Resources Ltd. ("Balmoral" or the "Company" (TSX: BAR) (OTCQX: BALMF) today reported results from the first six holes of the summer 2014 drill program on the Company's wholly owned Martiniere Property. All six holes tested the southern extension of the Bug Lake Zone (see Figure 1 and Figure 2), intersecting high-grade gold mineralization along the upper contact of the Bug Lake Porphyry. Today's results further demonstrate the continuity of the Bug Lake system. Results were highlighted by intercepts of 12.50 g/t gold over 7.99 metres, including 132.50 g/t gold over 0.72 metres in drill hole MDE-14-147 and 5.23 g/t gold over 7.28 metres in drill hole MDE-14-149. The southern extension of the Bug Lake Zone has been intersected for 650 metres along strike and remains open to the south and to depth.
BAR.TO: 0.94 (-0.01)
Wealth Options N1/N2 Gold Project from Balmoral Resources Ltd. and Arranges $700,000 Non-Brokered Private Placement
Marketwired - Mon Feb 02, 7:03AM CST
Wealth Minerals Ltd. (the "Company" or "Wealth"
- (TSX VENTURE: WML)(FRANKFURT: EJZ), announces that it has entered into an option agreement with Balmoral Resources Ltd. (TSX: BAR) ("Balmoral" to acquire up to a 75% interest in the N1/N2 Gold Project, Quebec. The Company plans to complete a 1,500 metre confirmatory drill program on the project in 2015. WML.VN: 0.140 (-0.005), BAR.TO: 0.94 (-0.01)
Balmoral Options N1-N2 Project to Wealth Minerals
Marketwired - Mon Feb 02, 6:30AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company"
(TSX: BAR) (OTCQX: BALMF) reported today that it has agreed to option it's N1 and N2 Properties, located along the Casa-Berardi Gold Trend in Quebec, to Wealth Minerals Ltd. (TSX VENTURE: WML)("Wealth" . Under the terms of the Option Agreement, Wealth will be granted an option to earn an initial 51% interest in the Project by completing $2.2 million dollars in exploration on the Project over 3 years, including a minimum of $1.2 million in drilling, and issuing 3.0 million common shares to Balmoral (representing approximately 14% of the currently outstanding shares of Wealth) (see table 1 below). Under a second option Wealth may earn an additional 24% interest in the Project (for an aggregate 75% interest) through additional expenditures of $2.8 million (for total aggregate expenditures of $5.0 million) and making cash payments of $600,000 to Balmoral. Balmoral currently holds a 100% interest in the Project. The Option Agreement will require Wealth to receive the approval of the TSXV. WML.VN: 0.140 (-0.005), BAR.TO: 0.94 (-0.01)
Balmoral Commences Winter 2015 Program on Detour Trend Project
Marketwired - Mon Jan 19, 6:30AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company"
(TSX: BAR) (OTCQX: BALMF) reports that geological, geophysical and drill crews have been mobilized to the Company's Detour Trend Project in Quebec and have commenced the planned $4.5 million winter 2015 exploration program. The winter 2015 program will focus on the continued lateral and vertical expansion of the Horizon 3 Ni-Cu-PGE discovery on the Grasset Property, further expansion and delineation of the Bug Lake Zone and broader Martiniere Gold System, and the initial drill testing of several priority targets along interpreted trend of the Grasset Ultramafic Complex ("GUC Trend" . The Grasset and Martiniere properties are wholly owned by the Company and form part of its 700+ square kilometre Detour Trend Project located at the northern end of the prolific Abitibi greenstone belt in Quebec. BAR.TO: 0.94 (-0.01)
Balmoral Continues to Expand Grasset Ni-Cu-PGE Discovery
Marketwired - Thu Dec 18, 6:30AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company"
(TSX: BAR) (OTCQX: BALMF) reported the final results of the summer/fall drill program on the Company's wholly owned Grasset Property in Quebec. Drilling has now extended the Horizon 3 Ni-Cu-PGE Zone to a depth of 400 vertical metres, and confirmed 400 metres of strike extent along Horizon 3 with the zone remaining open to depth and along strike. Results were highlighted by hole GR-14-62 which returned 57.11 metres grading 1.03% Ni, 0.13% Cu, 0.20 g/t Pt and 0.55 g/t Pd, including 16.87 metres grading 1.42% Ni, 0.21% Cu, 0.29 g/t Pt and 0.90 g/t Pd. This interval also includes a very high grade massive sulphide intercept which yielded 9.88% Ni, 2.33% Cu, 2.45 g/t Pt and 6.13 g/t Pd over 0.41 metres (see Figure 1 and Figure 2). Drilling of the Horizon 3 Discovery is anticipated to resume in January 2015. BAR.TO: 0.94 (-0.01)
Balmoral Identifies Over 50 Conductors Along Grasset Trend
Marketwired - Thu Dec 11, 6:31AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company"
(TSX: BAR)(OTCQX: BALMF) reported today that over 50 discrete electromagnetic ("EM" conductors have been outlined along the interpreted trend on the Grasset Ultramafic Complex (the "GUC" , which hosts the Company's recent Grasset nickel-copper-PGE discovery. Of the 50+ conductors outlined over half are spatially associated with strongly magnetic rocks -- a setting analogous to the Grasset discovery located at the extreme southeastern end of the GUC. BAR.TO: 0.94 (-0.01)
Update: Balmoral Resources Reports High Grades At Grasset Project
Itinerant - at Seeking Alpha - Thu Nov 27, 9:22AM CST
Balmoral Intersects 57.88 Metres Grading 1.85% Ni, 0.21% Cu, 0.40 g/t Pt and 0.97 g/t Pd; Highest Grade Hole to Date at Grasset
Marketwired - Wed Nov 26, 6:31AM CST
Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF)
BAR.TO: 0.94 (-0.01)
Update: Balmoral Resources Finds More Gold At Bug Lake
Itinerant - at Seeking Alpha - Fri Nov 21, 3:25PM CST
Balmoral Continues to Expand Bug Lake Gold Zone, Detour Gold Trend Project, Quebec
Marketwired - Thu Nov 20, 6:31AM CST
Balmoral Resources Ltd. ("Balmoral" or the "Company"
(TSX: BAR) (OTCQX: BALMF) reported final results from the 2014 summer drill program on the Company's wholly owned Martiniere Property in Quebec. Results from 13 holes along the Bug Lake Trend were reported, 7 from the northern extension of the Trend and 6 from the fault offset area which separates the northern and southern segments of the Bug Lake Gold Zone. Highlights include the extension of the Bug Lake Trend by 250 metres to the north-northwest, discovery of high-grade gold mineralization in a new, east-west trending (Sunday Lake parallel) deformation zone and a near surface intercept of 14.78 g/t gold over 2.66 metres from the northern extension of the Hanging Wall sub-zone. BAR.TO: 0.94 (-0.01)
Balmoral Named Prospector of the Year in Quebec for Second Consecutive Year
Marketwired - Thu Oct 23, 6:32AM CDT
Balmoral Resources Ltd. ("Balmoral" or the "Company"
(TSX: BAR) (OTCQX: BALMF) is pleased to announce that Balmoral's exploration team has been recognized, for the second consecutive year, as the "Prospectors of the Year" in the Province of Quebec. The Company was recognized this year for the discovery of the Grasset Ni-Cu-PGE system, after winning the award in 2013 based on the Bug Lake and related gold discoveries on the Company's nearby Martiniere Property. Balmoral is the first company to receive the award in two consecutive years, and only the second two time winner of the award. The award was presented last evening at the annual Association de L'Exploration Miniere du Quebec ("AEMQ" awards ceremony in Montreal, Quebec. BAR.TO: 0.94 (-0.01)
Stefan Ioannou: Copper, Nickel, And Zinc Won't Be Cheap For Long
The Gold Report - Seeking Alpha - Wed Oct 22, 1:07PM CDT
The all-powerful U.S. dollar is currently hammering base metals and base metal equities. Haywood Securities Mining Analyst Stefan Ioannou says that increasing demand and near-term supply shortages make base metals a bargain that won't last. In this...
BHP: 51.19 (+2.38), HBM: 8.34 (+0.21), NSU: 3.73 (+0.13)
Balmoral Resources: Two Promising Projects Plus Demonstrated Market Support
Itinerant - at Seeking Alpha - Tue Oct 21, 7:59AM CDT
Balmoral Receives $2,006,373 From Warrant Exercise
Marketwired - Tue Oct 21, 6:31AM CDT
Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF) ("Balmoral" or the "Company"
reported that it has received a total of $2,006,373 from the exercise of warrants which expired October 17, 2014. An additional 470,588 warrants, held by a single subscriber, are eligible to be exercised on, or before, October 30, 2014 at a strike price of $0.75. BAR.TO: 0.94 (-0.01)
Balmoral Intersects 12.50 g/t Gold Over 7.99 Metres, Bug Lake South, Detour Gold Trend Project, Quebec
Marketwired - Wed Oct 08, 6:32AM CDT
Balmoral Resources Ltd. ("Balmoral" or the "Company"
(TSX: BAR) (OTCQX: BALMF) today reported results from the first six holes of the summer 2014 drill program on the Company's wholly owned Martiniere Property. All six holes tested the southern extension of the Bug Lake Zone (see Figure 1 and Figure 2), intersecting high-grade gold mineralization along the upper contact of the Bug Lake Porphyry. Today's results further demonstrate the continuity of the Bug Lake system. Results were highlighted by intercepts of 12.50 g/t gold over 7.99 metres, including 132.50 g/t gold over 0.72 metres in drill hole MDE-14-147 and 5.23 g/t gold over 7.28 metres in drill hole MDE-14-149. The southern extension of the Bug Lake Zone has been intersected for 650 metres along strike and remains open to the south and to depth. BAR.TO: 0.94 (-0.01)
