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 [...]
Balmoral Resources Ltd. announces that it has closed the first tranche of the previously announced non-brokered private placement . Upon closing of the first tranche of the Offering, the Company issued 7,173,913 Quebec flow-through common shares , at a price of $0.23 per Quebec Flow Through Share, for gross proceeds of $1,650,000 and 1,315,790 [...]
Balmoral Resources Ltd. announces that it has further increased the hard dollar unit component of its previously announced non-brokered private placement to $1.57 million, which increases the total size of the Offering to $3.47 million. The Company has now agreed to sell up to 9,243,529 units priced at $0.17 per unit, with each unit consisting of [...]
Balmoral Resources Ltd. controls a portfolio of highly prospective nickel sulphide projects located in the greenstone belts of Ontario and Quebec. The Company recently announced the first indications of nickel sulphide mineralization on its RUM project in Quebec . Balmoral is pleased to advise that follow-up hand stripping and sampling has [...]
Balmoral Resources Ltd. announces that it has increased its previously announced non-brokered private placement to $2.35 million. The Offering will now consist of hard dollar units, National flow-through shares and Quebec flow-through shares . Under the terms of the Offering the Company has agreed to sell to subscribers in the province of Quebec up [...]
Balmoral Resources Ltd. announces that it has arranged a $1.4 million dollar non-brokered flow-through private placement . Under the terms of the Offering the Company has agreed to sell 6,086,957 flow-through common shares of the Company at a price of $0.23 per flow-through common share. The gross proceeds of the Offering will be used by the [...]
Balmoral Resources Ltd. announces that the Company’s first drill testing of the Area 52 gold target on its Fenelon Property in Quebec has successfully achieved multiple objectives, highlighted by the discovery of a new, near-surface, high-grade gold zone located proximal to the Sunday Lake deformation zone . Hole A52-19-03 intersected a 9.65 [...]
Balmoral Resources Ltd. is pleased to announce that it has resumed drilling in Area 52 on its Fenelon Property, part of the Company’s larger Detour Gold Trend Project, in Quebec. Area 52 covers an extensive, untested segment of the Sunday Lake deformation zone, the southern extension of the recently identified Area 51 corridor, and the [...]
Balmoral Resources Ltd. announced that, following the recent discovery of precious metal-rich nickel sulphide mineralization on its RUM North Property , it has acquired by staking three new nickel sulphide targets similar to the intrusion hosting the Bluenose discovery. The Company now controls 15 individual ultramafic intrusive targets, covered by [...]
Balmoral Resources Ltd. is pleased to announce that it has expanded the ongoing Phase 1 drill program testing the Area 52 gold target on its Fenelon Property in Quebec. The program has been expanded from the previously announced 1,200 metres to approximately 2,000 metres and may be further expanded as drilling progresses. The Company has completed [...]
Balmoral Resources Ltd. announces that it has discovered a new zone of nickel-copper-cobalt-gold-platinum-palladium mineralization during its first day of mapping and prospecting on its recently acquired RUM North Property in Central Quebec. This new discovery – the Bluenose Zone - is characterized by a high 3E to nickel + copper ratio, with [...]
Balmoral Resources Ltd. announces that it has commenced drilling of the Area 52 gold target on its Fenelon Property, part of the Company’s larger Detour Gold Trend project, in Quebec. Area 52 covers a previously untested 4.0 kilometer long segment of the Sunday Lake deformation zone, the southern extension of the recently identified Area 51 [...]