Balmoral Resources Ltd. (TSXV:BAR,OTCQX:BALMF) announced that drilling at its Quebec-based Martiniere property unearthed a bonanza-grade, gold-bearing structure in the footwall of the Bug Lake zone.
As quoted in the press release:
The Footwall discovery returned, on an uncut basis, 272.39 g/t (8.0 oz/ton) gold over 3.88 metres (12.7 feet) across the width of the mineralized structure. Included in this interval are adjacent bonanza grade intercepts of 1,530 g/t (44.6 oz/ton) gold over 0.55 metres (1.8 feet) and 409 g/t gold (11.9 oz/ton) over 0.50 metres (1.6 feet). The Martiniere Property, located approximately 45 kilometres east of the Detour Lake gold deposit, is centrally located within Balmoral’s 82 kilometre long Detour Trend Gold Project in Quebec, Canada.
Darin Wagner, Balmoral’s president and CEO, commented:
With two more shallow gold discoveries, including the broad Bug Lake Zone and our highest grade intercepts to date, the scale and potential of the gold system at Martiniere continues to rapidly expand. The presence of multiple high-grade zones of gold mineralization, which we have thus far intersected across 1,500 metres at Martiniere, is the principal hallmark of all of the large gold systems in the Abitibi region of Ontario and Quebec. These systems commonly host a number of individual gold deposits reaching to vertical depths of over 1,000 metres.