Balmoral Resources High Grade Gold in Multiple Deposits
Darin Wagner CEO of Balmoral Resources Ltd., on the gold project in the Abitibi Greenstone belt.
Darin Wagner, CEO of Balmoral Resources tells how important it is for explorers to be where other people want to be. Currently focused on gold mineralization in the Abitibi Greenstone belt, the company is exploring its flagship, the Martiniere Project.
This is a privileged area, surrounded by great mines like Detour and Casa Berardi, owned by Hecla and the Matagami Camp owned by Glencore.
The Martiniere Project consists of four deposits and a number of zones of mineralization. This mineralization seems to be tracking towards deposits that are in delineation phase right now. So the company is in the process of prepping for the initial resource across almost two kilometers of strike length.
When it comes to grade, Balmoral produces grades up to 1,200 grams per tonne high-grade gold mineralization. And we are talking about multiple deposits, not just one.
This isn’t the company’s first go-around with a high grade gold deposit in the region. They closed on the sale of West Timmins mining for $424 million dollars on a project very similar to the one at Martiniere.
For the months ahead Balmoral expects to continue delivering high-grade results to their shareholders. And at the same time demonstrate the scale and the size of the opportunities that exist for them at Martiniere.
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