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:

Eric Lemieux, PearTree Securities (8/27/15)
"The ongoing resource expansion/delineation and exploration activities on Balmoral Resources Ltd.'s Grasset Ni-Cu-PGE and Bug Lake gold zones seem to be progressing well with potential results set to come out by mid-September 2015. . .we believe the summer 2015 drilling results for the Ni-Cu-PGE mineralized H3 zone as well as on additional Ni targets along the Grasset ultramafic complex should be generally successful in expanding the mineralized systems and potentially highlighting new hot spots."

Paul Campbell, Mackie Research Capital (8/27/15)
"Balmoral Resources Ltd. believes it now has sufficient information to calculate an initial resource estimate for the H3 zone at Grasset. With the results of initial met testing expected to be complete by the end of Q3/15, we therefore would expect and initial resource estimate before the end of the year. . .while pure exploration plays are terribly out of favor right now, Balmoral remains one of our favorite pure exploration plays but only for those with a high risk tolerance."

Philip Ker, PI Financial (8/27/15)
"Balmoral Resources Ltd. provided an update on progress from its summer exploration efforts on its Grasset, Bug Lake and regional targets. . .with initial results expected in the upcoming weeks from the summer program, we are optimistic that positive results will be realized, particularly at depth on H3 at Grasset and from drill testing regional targets. Geophysical efforts continue to support our thesis that additional sources of nickel sulphide mineralization exist along trend and we believe the Bug Lake target to contain grades that could support a stand-alone operation."

"Balmoral Resources Ltd. will be producing news for a long time on both gold and nickel targets. . .this is one of those companies that I recommend investors buy and forget it, then check back in a couple of years, because I think Balmoral is simply doing the right thing. It has an extraordinary exploration team that has been very successful with other projects throughout their careers. It has two premier projects that I think are just going to continue to get larger over time." read more >

"Balmoral Resources Ltd. is focusing on the Grasset nickel-copper-platinum group metals (PGE) project in Québec. The project is situated along a southeast-northwest trending coincident magnetic/electromagnetic anomaly, about 8km east of Detour Gold's Detour Lake gold mine. The nickel-copper-PGE mineralization at Grasset is similar to what we see at Vale'sVoisey's Bay base metals mine in Labrador. Drilling along the southeast extension of the Grasset anomaly has identified multiple stacked sulphide horizons. One assay returned an intersection of 58m of over 1.8% nickel and contained copper, platinum and palladium. In addition to that, some reconnaissance drilling by Balmoral northwest of the main Horizon 3 zone, 8km along strike, intersected nickel, copper and PGE mineralization, including some gold-rich zones. These gold-rich zones suggest there may be more than one mineralizing event. We view this as positive given that the presence of multiple mineralizing events suggests the mineralized system is dynamic and complex. This added level of complexity ultimately enhances the potential for a significant discovery at Grasset. . .it's still too early to talk about specific numbers or size, but when we look at the drill results on the southeast portion of that anomaly, there appears to be continuity, particularly along the net-textured sulphide zones. Of particular interest is the presence of massive sulphide lenses. At this stage, Balmoral has only intersected narrow intervals of massive sulphide, but these high-grade lenses could be a game changer for the project—especially considering some of these massive sulphide lenses grade up to 14% nickel. If the company can identify similar zones with greater width and continuity elsewhere, we could be dealing with a significant system reminiscent of other magmatic nickel sulphide systems worldwide.

Definition drilling and metallurgical studies are underway and expected to be completed in Q3 or early Q4/15, the costs of which were included in a $3.8M summer/fall exploration budget. In addition to the resource delineation work at Grasset, Balmoral continues to delineate and expand the high-grade Martiniere gold system located 40km east of Grasset. The company has indicated it aims to produce a maiden resource estimate for Grasset in late 2015 and an initial, partial resource for the Martiniere system in Q1/16. The company has results from about 40 drill holes pending from both projects and currently has two drills on site. . .Balmoral's management team has a proven track record. Darren Wagner, CEO of Balmoral, is the former CEO of West Timmins Mining that was acquired by Lake Shore Gold for $424M." read more >

Philip Ker, PI Financial (8/11/15)
"We are initiating coverage of Balmoral Resources Ltd. with a $1/share target price and a Buy recommendation. . .the company possesses commodity diversification and depositional characteristics that set it apart from other explorers and developers. With a suppressed global market appetite for explorers, we believe that Balmoral's projects are unique and at the forefront of the next up-cycle. . .Balmoral's flagship Grasset discovery could evolve into a regional nickel camp and generates potential for merger and acquisition interest while the Martiniere property lends gold bugs upside from above-average grade and blue-sky exploration potential."

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
James Kwantes Resource Opportunities
Eric Lemieux, Analyst – PearTree Securities
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Kevin MacKenzie, Analyst – Salman Partners
Gwen Preston, Founder – Resource Maven
Lawrence Roulston – 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.
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