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 Resources Ltd. released a maiden resource estimate on March 7 for its 100%-owned and royalty-free Grasset nickel-copper-PGE deposit. This discovery received AEMQ's 2014 Prospector of the Year award. The combined Indicated resource is 3.45 million tonnes nickel equivalent. It's important to remember Grasset is still open; it's an ultramafic complex that hasn't been explored that much, so there might be other pearls in that string of potential deposits. Balmoral has the whole Detour Trend project land package to continue to pursue gold discoveries. It has gold optionality with Martiniere, Bug Lake and Lac du Doigt, and I suspect it will have other discoveries. Balmoral is another example of being well positioned at the right moment with the financial capacity and will to advance assets." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (4/1/16)
"One of our premier exploration plays, Balmoral Resources Ltd. made news on a couple of fronts in the past few weeks. . .the company released an initial resource estimate for Grasset, the nickel-copper-cobalt-PGE project that is part of its larger Detour Trend project in Quebec. . .while the deposit's grades are relatively modest, the overall size of the project bears watching. Meanwhile, drilling has recommenced on the company's Martiniere project. . .I'm excited about the work at Martiniere, as previous exploration indicates this gold project is very much open to growth."

Eric Lemieux, PearTree Securities (3/15/16)
"On March 8, 2016 Balmoral Resources Ltd. provided its first resource estimate for the Grasset Ni-Cu-PGE play. . .the resource estimate appears robust at 3.45 Mt at 1.76% Ni eq (1% Ni cutoff) but more importantly, there is room to expand. Grasset's H3 zone remains open at depth."

Mick Carew, Haywood Securities (3/7/16)
"Balmoral Resources Ltd. released an initial NI-43-101-compliant resource estimate for its 100%-owned Grasset nickel-copper-cobalt-PGE deposit in Quebec. . .based on the results of 111 drill holes. . .we view the initial resource estimate for Grasset as a positive first step for the company, noting that the resource has significant potential for expansion both along strike to the northwest. . .the recent discovery of a higher-grade "feeder zone" also suggests expansion and higher-grade potential at depth. We note the recently announced preliminary metallurgical test results that returned concentrates grading 13.4–13.8% nickel, which were produced from nickel recoveries ranging 86–87.3%."

Philip Ker, PI Financial (3/7/16)
"Balmoral Resources Ltd. announced a positive maiden resource estimate for its flagship Grasset project in Quebec. . .the 3.45 Mt resource is a good starter base to our overall target of 7.5 Mt, which we think is possible with further drilling. All metal grades returned in-line with our expectations. . .with further metallurgical work and advancement into initial economic analysis, we consider Grasset to be in a class of its own, and its in-situ rock value will only appreciate in value under rising spot market metal prices."

Barry Allan, Mackie Research Capital (3/7/16)
"Balmoral Resources Ltd. continues to be one of the best exploration plays in Canada. . .not only has a major new nickel resource been discovered and now confirmed by an initial resource but the company also has the Bug Lake gold discovery, which remains to be fully delineated by drilling. . .the initial resource lives up to our expectation and represents a new nickel discovery that has achieved an initial critical mass. Importantly, the resource remains open to depth and along strike."

More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Peter Campbell, Analyst – Mackie Research Capital
Mick Carew, Analyst – Haywood Securities
Adrian Day, Founder – Adrian Day Asset Management
Ryan Hanley – Mackie Research Capital
Wayne Hewgill, Analyst – Mackie Research Capital
Stefan Ioannou, Mining Analyst – Haywood Securities
Louis James, Editor – Casey Research
Philip Ker, Mining Analyst – PI Financial
Eric Lemieux, Analyst – PearTree Securities
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Greg McCoach, Editor – Mining Speculator
Gwen Preston, Founder Resource Maven
Jay Taylor, Author Gold, Energy & Tech Stocks

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

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