Balmoral Resources Ltd.

Balmoral is a well-funded, Canadian-based company actively delineating and expanding a series of high-grade gold deposits on its Martiniere Property located within the prolific Abitibi greenstone belts in Quebec, Canada. The Martiniere Property is just one of several large, highly prospective properties comprising the Company’s wholly owned, 1,000 km2 Detour Gold Trend Project.

Employing an aggressive, drill focused exploration style in one of the world’s preeminent mining jurisdictions, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold and base metal assets.

Expert Comments:

Philip Ker, PI Financial (4/10/17)
"Balmoral Resources Ltd. announced further positive assay results from the Bug South zone at its Martiniere property. . .highlight intervals from today's results at Bug South include 1.11 g/t gold over 75.45m, 1.12 g/t gold over 53.8m including 4.04 g/t over 8.59m and 1.08 g/t gold over 50.21m. With additional positive results, management has expanded the winter drilling program from 7,000–8,000m to 10,000m."

Gary Baschuk, PearTree Securities (3/2/17)
"Balmoral Resources Ltd. released the final assay results from the 2016 drill program. . .drilling at Bug South extended mineralization to 350m vertical with an intercept of 3.51 g/t gold over 9.16m from the Upper Bug zone at downhole depths of 442.25 to 451.41m and also a deeper intercept from Lower Bug (footwall to a porphyry that separates the Upper from the Lower Bug zones) which returned 8.4 g/t gold over 1.75m from 472.48 to 474.23m."

Brien Lundin, Gold Newsletter (Jefferson Financial) (3/1/17)
"Balmoral Resources Ltd. is following up on its 2016 drill results at Martiniere with a 25,000m drilling program in 2017 that began this month. . . .of particular interest will be holes drilled to test for potential mineralization continuity between hole 3 and hole 237 to the east. If that work bears fruit, it could add a whole new complexion to the size and scope of Martiniere."

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."

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
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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