To Our Shareholders: With the calendar now showing 2016 I thought it appropriate to review Balmoral Resources Inc.'s accomplishments over the past 12 months. As well I wanted to provide you with some guidance and observations on what promises to be an active and highly prospective year for your Company. As you are well aware, 2015 brought more [...]
VANCOUVER, BC--(Marketwired - December 10, 2015) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX: BAR) (OTCQX: BALMF) today announced that gold recoveries of 91.4% and silver recoveries of 80.2% have been achieved in preliminary metallurgical testing conducted on a composite sample comprised of material from the four principal gold [...]
Balmoral Resources announces that it has successfully closed the second and final tranche of the previously announced (see NR15-14 and NR15-15 dated October 15 and October 28, 2015) non-brokered private placement (the "Offering"). The Company has raised an additional $900,000, for aggregate gross proceeds of $5,435,734 through the issuance of an [...]
Balmoral today announced that the Company has intersected a very high-grade sulphide vein-breccia system in the immediate footwall to the H3 Nickel Zone, at the 425 metre vertical level, which returned 10.50% Ni, 0.74% Cu, 1.87% Pt and 4.87 g/t Pd over 7.50 metres. This interval, in hole GR-15-97 (see Table and Figures 1, 2 and 3 - in link below [...]
Balmoral Resources today reported results from the summer/fall 2015 drill program on the Company's wholly owned Martiniere Property in Quebec. In addition to results from infill and expansion drilling along the Bug Lake Gold Trend, the program has confirmed the discovery of a new, gold bearing, fault system - the Lac du Doigt ("Finger Lake") Fault [...]
Balmoral Resources announces that it has successfully completed the previously announced non-brokered private placement. The Company has issued 6,047,646 flow-through common shares at a price of $0.75 per Flow-Through Share for gross proceeds of $4,535,734. Securities issued under the Offering are subject to a hold period which will expire four [...]
Balmoral Resources announces that it is proceeding with a non-brokered private placement to raise gross proceeds of up to $4,500,000 through the issuance of up to 6,000,000 flow-through shares of the Company priced at $0.75 per Flow-Through Share. The pricing of the Offering reflects a 44% premium to the 30 day volume weighted average trading [...]
Locked Cycle Flotation Tests Produce Nickel Recoveries of 86.0 to 87.3%, Copper Recoveries of 93.5-94.4% and Palladium Recovery of 89%; Initial Concentrate Grades of 13.4-13.8% Ni, 1.79-1.97% Cu and 10.15 to 10.61 g/t 3E (Au+Pt+Pd) Reported VANCOUVER, BC--(Marketwired - September 30, 2015) - Balmoral Resources Ltd. ("Balmoral" or the "Company [...]
Balmoral Resources today announced that on-going expansion drilling has successfully extended the vertical depth of the core of the H3 Ni-Cu-PGE Zone by over 30%. Two holes, GR-15-87 and GR-15-90a, drilled along the projected plunge of the H3 Zone intersected nickel sulphide mineralization over down hole widths of 118.84 and 86.09 metres [...]
Balmoral today updated its ongoing resource delineation/expansion and exploration activities on the Company's Detour Trend Project in Quebec. The summer/fall exploration program has focused on further expansion and delineation of the H3 Ni-Cu-PGE Zone and high-grade Bug Lake Gold Zones. Drilling continues on the H3 Zone and on exploration targets [...]
Balmoral Resources advised today that the summer/fall 2015 drill program on the Company's Detour Trend Project in Quebec is underway with several holes already completed. Three drills are now active on the Project and will remain so throughout the summer and fall. The focus of the summer/fall program will be to expand and delineate Balmoral's [...]
VANCOUVER, BC--(Marketwired - June 17, 2015) - Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF) ("Balmoral" or the "Company") announces the voting results from its 2015 Annual General Meeting of shareholders held in Vancouver, BC on Friday, June 12, 2015 ("Meeting"). At the meeting, the Company's shareholders re-elected the following nominees as [...]