BAR:TSX; BALMF:OTCQX

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.
BAR:TSX BALMF:OTCQX

Expert Comments:

Byron King, Agora Financial (6/21/16)
"Management announced that it raised $6M in a “bought deal”. . .that's what success will do, attract more money. The idea here is to drill holes and come up with discoveries so that larger companies can then buy Balmoral out."

Brien Lundin, Gold Newsletter (Jefferson Financial) (6/15/16)
"Balmoral Resources Ltd. has reported on the first batch of assays from its winter 2016 drilling program on its Detour Trend project in Quebec. . .Martiniere and Bug Lake will be BAR's focus in 2016. More good news on the drilling front, combined with a cooperative gold market, could make for a surge in BAR's share."

Philip Ker, Haywood Securities (6/14/16)
"Balmoral Resources Ltd. announced a bought deal private placement of C$6M on a flow-through basis. .The additional $6M complements its treasury nicely alongside its recently announced non-core asset sale of its Discovery Zone property to Wallbridge for total cash payments of ~$3.5M. . .With the influx of capital, Balmoral can simultaneously advance two worthy projects along its vast land package within the Detour Trend. We continue to believe that the Grasset project is an under-recognized nickel sulphide deposit that stands alone as one of the last undeveloped high grade deposits on the planet and that step out and infill drilling at Bug Lake will help delineate a growing gold system."

Mick Carew, Haywood Securities (6/10/16)
"Balmoral Resources Ltd. released additional drill results from the Bug Lake Zone, part of the Company’s Detour Trend project in Quebec. . .drilling focused on the Upper Bug Lake and Hanging Wall Porphyry Zone. . .the latest drill results from BAR were positive."

Eric Lemieux, PearTree Securities (6/9/16)
"Balmoral Resources Ltd. provided additional drill results from the winter 2016 drilling campaign on Bug Lake. . .the 5 holes in the southern portion displayed some high grades (> 8g/t Au) within a package of lower grade material with an estimated metric of 15.2 g/t Au x true thickness. . .the winter 2016 program has allowed Balmoral to expand and constrain the multiple gold mineralized zones within the Bug Lake Trend and the company shall remain very active."

Balmoral Minerals Ltd. has been drilling on its Bug Lake Gold Trend, part of the broader Martiniere Property in Quebec. The initial three holes were drilled along the southern portion of Bug Lake, where previous drilling in 2014 encountered high-grade gold intercepts within widely spaced drill holes; the latest results suggest these high-grade gold zones are continuous down dip and along strike. . .two holes were drilled on the Grasset property to confirm the presence of a gold-bearing shear zone in the hanging wall to the Grasset Nickel Deposit. Both holes returned gold mineralized intersections over 6 meters. More drilling is required to determine the extent and distribution of higher-grade gold mineralization at Grasset. The gold-bearing zone is located ~1,700m east of Balmoral's Grasset nickel deposit.

The latest results from Balmoral demonstrate the continuity of high-grade gold mineralization within the southern Bug Lake Zone. The results from Grasset also demonstrate the potential for high-grade gold mineralization elsewhere within Balmoral's land package. Results from eight drill holes are expected over the next month. Balmoral is also preparing to follow up these encouraging results with a fully funded, $4 million (20,000m) drill program scheduled to commence within the next month. read more >

More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Mick Carew, Analyst – Haywood Securities
Adrian Day, Founder – Adrian Day Asset Management
Ryan Hanley – Mackie Research Capital
Stefan Ioannou, Mining Analyst – Haywood Securities
Louis James, Editor – Casey Research
Philip Ker, Mining Analyst – PI Financial
Byron King, Editor – Agora 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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