Balmoral Resources Ltd.

Balmoral Resources Ltd. is a Vancouver-based precious metal exploration and development company focused on the delineation of both high-grade gold and nickel-copper-PGE discoveries on its wholly owned Detour Gold Trend project in Quebec, Canada. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through the discovery and definition of high-grade gold and base metal assets.

Expert Comments:

Balmoral's string of assay results released over the last few weeks includes new discoveries as well as extensions of high-grade zones on its Quebec properties.
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Gary Baschuk, PearTree Securities (2/21/17)
"Balmoral Resources Ltd. announced the discovery of a new, near-surface gold zone located approximately 250-300m east of the Bug Lake trend. Hole MDE-16-237 intersected 6.25 g/t gold over 11.66m. . .the discovery of the new zone, we believe is significant and illustrates the potential for additional discoveries between the Sunday Lake Deformation Zone and the Lac du Doigt Fault. . .We expect Balmoral to have another year of hits and discoveries as the company gains further insight into the regional and local structural controls and more importantly the subtle controls of the gold mineralization."

Byron King, Gold Speculator (2/7/17)
"Balmoral Resources Ltd.'s share price moved up nicely last week, partly on sector strength and also on more news of strong drilling results. . .Balmoral's steady, focused approach to exploration reveals broad intersections of high-grade gold mineralization, with good continuity between sections. . .looking ahead, Balmoral is cashed up and moving ahead with its winter drilling program. The company is an attractive joint venture or takeover target for larger companies that must—sooner or later—add to their resource bases."

Philip Ker, PI Financial (2/2/17)
"Balmoral Resources Ltd.'s new discovery is located 250-300m east of the projection of the main Bug Lake Gold trend in a sparsely drilled area of the property. Balmoral continues to hit these high-grade zones while continuing to step-out and better define known mineralized systems at Martiniere. . .With another discovery outlined at Martiniere, Balmoral is expanding its mineralized footprint across the property and provides future upside as exploration efforts continue to hone in and define the extensive gold system."

Haywood Securities (2/2/17)
"Balmoral Resources Ltd. announced its fourth new discovery of the summer/fall 2016 drill program at its Martiniere property in Quebec. Drilling results display an intercept of 11.66m grading 6.25 g/t gold from a downhole depth of 97m (including a higher grade core of 5.47m grading 12.48 g/t gold from a downhole depth of 98m). . .follow-up testing is planned as part of the imminent winter drill program set to commence in the next week or so."

Philip Ker, PI Financial (2/2/17)
"Balmoral Resources Ltd. continues to hit these high-grade zones while continuing to step-out and better define known mineralized systems at Martiniere. Today’s discovery returned an intercept of 11.66m of 6.25g/t gold with a higher grade core of 5.47m of 12.48g/t gold. . .the winter season will include ~7,500-8,000m of drilling predominantly across the Bug Lake targets with specific holes designed for infill drilling to support data required for a maiden resource estimate. . .we continue to maintain our BUY rating and $1.05/sh target (unchanged)for Balmoral resources."

Barry Allan, Mackie Research Capital (2/2/17)
"Drilling continues to show Balmoral Resources Ltd.'s Bug Lake discovery has potential, this time with an additional intercept outside of the known resource area. . .the intercept announced today is the fourth significant intersection well outside a previously drilled mineralized area, illustrating the Bug Lake Trend is a major mineralized system. . .BAR also has the Grasset nickel discovery in West-Central Quebec, which represents a new nickel resource that has achieved an initial critical mass. Importantly, the resource remains open to depth and along strike. . .we maintain our $1.50/sh target price and our SPECULATIVE BUY rating."

Balmoral Resources has announced a "rapid increase in the width of the Bug South gold deposit," leading one analyst following the Canadian exploration and development company to increase his target price.
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Balmoral Resources' announcement that summer drilling has increased the vertical depth of the company's Bug North deposit by 36% prompted a pair of analysts to comment on the company's discovery prospects.
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Drilling at Balmoral Resources' Bug South gold deposit continues to return high-grade gold mineralization, leading one analyst to increase his estimated resource target at Martiniere.
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More Expert Comments

Experts Following This Company

– The Critical Investor
Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Gary Baschuk – Raymond James
Thom Calandra, writer The Calandra Report
Mick Carew, Analyst – Haywood Securities
Ryan Hanley – Mackie Research Capital
Louis James, Editor – Casey Research
Philip Ker, Mining Analyst – PI Financial
Byron King, Editor – Agora Financial
Eric Lemieux, Mining Analyst – EBL Consultants Enr.
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)

The information provided above is from analysts, newsletters, the company and other contributors.

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