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 (5/26/16)
"Balmoral Resources Ltd. announced that it entered into a binding Letter of Intent with Wallbridge Mining Company permitting Wallbridge to acquire 100% of the Fenelon Gold Property for a purchase price of $3.6M. . .the transaction provides an infusion of $3.4-3.5M cash from the sale of what was essentially, at this stage, a non-core, inactive asset. . .Balmoral is well positioned to identify and delineate more potential gold targets along the Detour Gold Trend."

Eric Lemieux, PearTree Securities (5/13/16)
"Balmoral provided initial drill results from the winter 2016 drilling campaign on Bug Lake, Martinière property, Quebec Detour Trend. . .results continue to demonstrate the complexity of the mineralized system at Bug Lake but also confirm the high-grade gold nature of mineralization within the Upper Bug Lake and Hanging Wall Zones."

Mick Carew, Haywood Securities (5/11/16)
"Balmoral's winter drilling successfully confirms continuity of gold mineralization at Bug Lake. . .in addition to Bug Lake, 2 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 <6m. . .with the winter drill program now completed, Balmoral is preparing to follow up these encouraging results with a fully-funded, $4M drill program scheduled to commence in the next 30 to 40 days."

Barry Allan, Mackie Research Capital (5/11/16)
"Balmoral Resources Ltd. released results for the initial three drill holes on the Bug Lake Gold Trend at the Martiniere property designed to test lateral and vertical continuity of mineralization previously discovered on the southern end of the trend; all three holes intersected gold, with highlight intercepts in each hole being 14.1 g/t over 12.6m (hole 205), 11.6 g/t over 4.5m (hole 203) and 6.1 g/t over 5.3m (hole 204). All three intercepts are very good, and once again illustrates the Bug Lake gold discovery has an excellent tenor of mineralization."

"The gentleman behind Balmoral Resources Ltd. is Darin Wagner. He has a very good exploration track record and is a very good explorationist—and certainly one of the better ones north of the border. It's a Speculative Buy for us, but it's only speculative in that the properties we're dealing with are reasonably early stage; we are backing the horses here. Balmoral is definitely one of them because not only has it made two legitimate, significant discoveries already, but it also has just good quality people. It is definitely one of our favorites on the exploration side." read more >

"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 >

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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