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:

"Over the last couple of months, we've also bought Balmoral Resources Ltd. . .first, it is a prospect generator, and I like this model. Producers are hungry for resources but with few exceptions aren't doing much exploration themselves. And so they rely increasingly on others to find their future reserves. This model doesn't guarantee success, of course, but I would point out that shares of the prospect-generator group have outperformed traditional exploration companies by quite a wide margin over this bear market. Second, this is a company run by good people with a good balance sheet who are doing good work on the Detour Trend in Quebec, a very prospective area in a great jurisdiction. Third, Balmoral shares are very cheap right now. . .it's an obvious buyout candidate. But I think the company would prefer to further prove up its properties before it was taken out." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/26/15)
"With its vast land holdings in Quebec's portion of the Abitibi Greenstone Belt, Balmoral Resources Ltd. offers an array of attractive prospects. The two most promising of these properties along the Abitibi's Detour Lake Trend are the Grasset nickel-copper-PGE project and the Martiniere gold project. . .Grasset could be worth $250M and up to the company as a potential takeout target. . .combined with the outsized potential of Grasset, the Bug Lake discovery at Martiniere makes Balmoral a compelling exploration story."

Haywood Securities (6/25/15)
"Balmoral Resources Ltd. is more than a one-trick pony. The company also continues to advance its 100%-owned Martiniere gold exploration project, located ~45km east of the Detour Lake mine. The Martiniere gold system comprises a number of high-grade gold-bearing (en echelon) structural zones that remain open in multiple directions. . .we note Balmoral is lead by Darin Wagner, the former CEO of West Timmins Mining Inc., acquired by Lake Shore Gold Corp. in November for $424M."

Wayne Hewgill, Mackie Research Capital (6/15/15)
"Highlights from Balmoral Resources Ltd.'s Lower Bug Lake Zone returned 38.19m grading 4.16 g/t Au starting at a depth of 74.23m, including 5.10m of 25.05 g/t Au and an uncut 0.85m interval of 137 g/t Au. . .the project is host to at least four separate gold deposits along a 2,700m-long corridor, all of which remain open. . .the drilling density should be sufficient to estimate a well-defined initial resource estimate that may be expanded incrementally with subsequent drilling."

Haywood Securities (6/12/15)
"Balmoral Resources Ltd. released the final results from its winter 2015 drill program at Bug Lake, within its Martiniere property. . .the company continues to confirm continuity of gold mineralization. . .it is expected that a maiden natural resource estimate for Martiniere will be completed by the end of H1/15, while a maiden resource estimate for the Grasset nickel-copper-PGE project is expected sometime in H2/15."

Peter Campbell, Mackie Research Capital (6/10/15)
"Balmoral Resources Ltd. released final assay results from its winter drill program on the Bug Lake gold trend. . .the headline result was 38.19m grading 4.16 g/t gold, including a higher-grade intersection of 25.05 g/t gold over 5.10m. . .and 17.71 g/t gold over 9.00m, including a high-grade core of 31.54 g/t gold over 4.99m. . .exploration activities have resumed with the 2015 summer drill program expected to commence in July. . .we believe that the company's winter drill program leads it toward completing a maiden estimate on Bug Lake, perhaps by the end of the year."

More Expert Comments

Experts Commenting on This Company

Peter Campbell, Analyst – Mackie Research Capital
Mick Carew, Analyst – Haywood Securities
Adrian Day, Founder – Adrian Day Asset Management
Wayne Hewgill, Analyst – Mackie Research Capital
Stefan Ioannou, Mining Analyst – Haywood Securities
Philip Ker, Mining Analyst – PI Financial
Byron King, Editor – Agora Financial
James Kwantes Resource Opportunities
Eric Lemieux, Analyst – PearTree Securities Inc.
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Kevin MacKenzie, Analyst – Salman Partners
Björn Paffrath, Director – Stabilitas-Fonds
Gwen Preston, Founder – Resource Maven
Lawrence Roulston – Metallica Development Fund Ltd., Quintana Resources Capital ULC
Jordan Roy-Byrne, Editor/CMT The Daily Gold
Jay Taylor, Author Gold, Energy & Tech Stocks

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Balmoral Resources Ltd. Content