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Balmoral Resources Ltd. (BAR:CA)

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Web site: 
http://www.balmoralresources.com

Balmoral Resources is a currently focussed on delineating a series of high-grade gold discoveries on the Detour Gold Trend in Quebec, Canada. Founded in late 2010 by the former management team of West Timmins Mining Balmoral is focussed on creating shareholder value through the acquisition, aggressive exploration and development of gold projects/resources in the major gold districts of North America.



Balmoral's portfolio of advanced and early stage gold exploration projects is located in the Abitibi greenstone belt. This belt of ancient rocks, which stretches through Quebec and eastern Ontario, is home to the Detour Lake, Casa Berardi, Timmins, Kirkland and Val-D'Or gold mining camps and has produced well over 130 million ounces of gold -- the 2nd largest accumulation of gold on Earth. The Abitibi has also been home to some of the most exciting new gold discoveries in the last 5 years and continues to maintain Canada at the forefront of the gold mining business.



Building on the successful sale of West Timmins Mining  which was acquired in a deal valued at $424 million,by Lake Shore Gold Inc., Balmoral has acquired one of the largest land positions in the Abitibi and now controls over 82 kilometres of the Sunday/Detour Lake deformation zone in the province of Quebec, Canada. The Sunday/Detour Lake deformation zone is one of the principal gold-bearing fault systems in the Abitibi greenstone belt and is home to the 23+ million ounce Detour Gold deposit slated for production in 2013.



Since inception Balmoral has made a number of gold discoveries in this underexplored portion of the belt and is currently in the process of delineating high-grade gold zones on its Martiniere West, East and Fenelon properties. In addition the Company’s Northshore Property in Ontario, where the a third party if funding the next $5.0 million dollars in exploration, is showing considerable promise as a bulk tonnage gold target.



Well financed, with a solid resource base, high-grade discoveries in one of the most favourable and secure jurisdictions on the planet and with "82 kilometres of up-side" Balmoral is well positioned to follow on managements past successes and become a leader in the gold discovery space. We invite our shareholders and potential investors to follow our progress by joining our email list or contacting us directly. With drilling underway on multiple fronts and aggressive growth/expansion plans we invite you to visit our website frequently for updates on our progress.

Projects

Recent Highlights



Detour Trend Gold Project


Martiniere West Zone Grade x Thickness Contours



Idealized Drill Section D-D, Looking North, April 2012


Grasset Project: 2012 Drilling
Links: 
Analyst Coverage
News
Corporate Video
Corporate Flyer
Corporate Presentation
Equedia Weekly Letter
Detour Gold set to open Canada’s biggest gold mine
BAR:CA
Category: 
Mining

Market Snapshot

 

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