Balmoral Resources Ltd. announces that its 2020 winter drill program targeting several known gold-bearing zones on its wholly-owned Fenelon Property in Quebec is underway. Drilling is anticipated to continue through to spring break-up in April with a minimum of 5,000 metres planned during the current phase of the program. Balmoral’s current [...]
Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired ownership of 1,000,000 common shares of Balmoral Resources Ltd. over the Toronto Stock Exchange at $0.47 per share for aggregate consideration of approximately $466,000. Mr. Sprott now beneficially owns and controls 16,130,353 shares [...]
Balmoral Resources is pleased to announce it has been named to, and ranked 12th on the 2020 OTCQX® Best 50: a ranking of top performing companies which traded on the OTCQX Best Market last year. This marks the third time in the past six years that Balmoral has been included on this annual Best 50 list. The Company was also recently recognized [...]
OTC Markets Group Inc. , operator of the OTCQX®, OTCQB® and Pink® financial markets for 10,000 U.S. and global securities, today announced the 2020 OTCQX® Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded [...]
Balmoral Resources Ltd.’s previously announced ground geophysical survey targeting the Area 51 gold system and related gold discoveries on its wholly-owned Fenelon Property in Quebec is continuing and on track to be completed later this month. Drill site permitting has already begun for those portions of the survey area completed to date, and [...]
Balmoral Resources announces that it has closed the previously announced non-brokered flow-through private placement. Pursuant to the closing of the Offering the Company issued 8,930,000 Quebec flow-through common shares at a price of $0.51 per Quebec FT Share for gross proceeds of $4,554,300. The Quebec FT Shares issued will be subject to a four [...]
Balmoral Resources announces that it has arranged an approximately $4.55 million dollar non-brokered flow-through private placement. Under the terms of the Offering the Company has agreed to sell 8,930,000 Quebec flow-through common shares of the Company at a price of $0.51 per Quebec flow-through common share. The gross proceeds of the Offering [...]
Balmoral Resources Ltd. announces that it has commenced its largest ground geophysical survey in over four years, targeting the Area 51 gold system on its wholly-owned Fenelon Property in Quebec. The Fenelon Property forms part of the Company’s district-scale Detour Gold Trend Project in Quebec. Balmoral’s Detour Gold Trend Project [...]
Balmoral Resources Ltd. announces the successful expansion of the recently discovered, near-surface high-grade Ripley Gold Zone within the Area 51 gold system on its Fenelon Property in Quebec. The Fenelon Property forms part of the Company’s district-scale Detour Gold Trend Project in Quebec. Balmoral’s Detour Gold Trend Project [...]
Balmoral Resources Ltd. announced today that is has acquired by staking 62 mineral claims located adjacent to its existing Detour East property in Quebec. The Detour East property, and the claims staked, form part of the Company’s Detour Gold Trend Project and are located along and proximal to the Ontario-Quebec border where they adjoin the [...]
Balmoral Resources Ltd. is pleased to announce that it has received an exploration tax credit refund of $1,021,729 from Revenu Quebec. The tax credit refund relates to eligible exploration expenditures incurred by the Company during 2017 on its Detour Gold Trend Project in the province of Quebec. The government of Quebec provides incentives to [...]
Balmoral Resources Ltd. announces that it has closed the second and final tranche of the previously announced non-brokered private placement . Pursuant to the closing of the Second Tranche, the Company issued 9,361,158 units at a price of $0.17 per Unit for gross proceeds of $1,591,396.86. Each Unit consisted of one common share of the Company and [...]