Balmoral Resources Ltd. (fka BALMF)

[redinvest]

Have you seen this ?? Could it possibly get any better ?? I can't imagine it can get any better, but, yet it does. This press release, released Tuesday of last week, 7/8/ 2014, which give us the newest drilling strategy and results, is loaded with bombs that can, once a few investors understand and ponder it, has the potential to drive the share price up several dollars.

Let's take a look at it. I will break it down with my comments enclosed with ==================================================================

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Here it is :

" Balmoral Resumes Drilling of Martiniere Gold System, Detour Gold Trend Project, QuebecFont size: A | A | A
7:30 AM ET 7/8/14 | Marketwire
Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF) ("Balmoral" or the "Company") announced today that drilling has resumed on the Company's wholly owned Martiniere Gold Project located along the Detour Gold Trend in Central Quebec. Drilling at Martiniere will initially focus on further testing of the southern segment of the Bug Lake Gold Zone following the success of the winter 2014 drill program in this area. This will be followed by further testing/infill drilling of the northern segment of the Bug Lake Zone which returned numerous strong intercepts including 1,138 g/t gold over 4.38 metres in the most recently completed phase of drilling (see NR14-10; May 12, 2014).

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Darin is understating this, leaving out the other intercept that tested at over nine thousand grams per ton, to go along with the first intercept of over one thousand grams per ton. This alone is a massive discovery, very high grade gold and open it all directions.
Two Micky Mantle triples, for sure. Stay tuned, it does get better, not only Micky Mantle triples, but a Babe Ruth homerun.

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"With drilling now underway at Martiniere our shareholders have results from two of the more exciting exploration projects in Canada to look forward to over the weeks and months ahead," said Darin Wagner, President and CEO of Balmoral. "As well we have plans to drill test two or three new targets within our 700 square kilometre Detour Gold Trend Project this summer, including one of the most promising gold targets we have identified to date."

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As stated, two or three new targets ready to be drilled, including one of the most promising gold targets to date. You wonder if the density of gold in that new target may be several times larger than 1K g/t or larger than the 9K g/t.

Here comes the Babe Ruth Homerun
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GRASSET DRILLING UPDATE

Eight diamond drill holes have now been completed on the wholly owned Grasset Ni-Cu-PGE property to follow-up the discovery of high-grade nickel-copper-PGE mineralization within the Grasset Ultramafic Complex. Drill hole GR-14-25, the first hole to test Horizon 3 of the Complex, returned a 45.28 metre interval which graded 1.79% Ni, 0.19% Cu, 0.42 g/t Pt and 1.04 g/t Pd (see NR-14-11, May 20, 2014). The high-grade nickel-copper-PGE mineralization in hole GR-14-25 is associated with a broad zone of "net textured" sulphides surrounded by a broader halo of disseminated sulphide mineralization.

All eight holes completed to date have intersected broad intervals of sulphide mineralization along the projected extension of Horizon 3, the principal target of the current drill campaign. Seven of the eight holes have intersected net textured sulphide intervals along the Horizon, with the eighth returning heavily disseminated sulphides.

Samples from six of the first eight holes have now been delivered to ALS-Chemex in Val d'Or, Quebec for analysis. Initial results are expected within the next 4-5 weeks. An additional 4-5 holes are planned prior to a short break in drilling to allow for additional borehole geophysical work to be completed.

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In short, it appears that they are talking about attacking our first VMS, which is indeed the Goly Grail for any mining company. I knew that VMS clusters were in the general area, formerly being invested in Explor resources that tried to find, but failed to find ( to date )VMS clusters near Kidds Creek over in Timmons, Ontario.. Here's some due diligence on VMS :

"Volcanogenic Massive Sulphide (VMS) Base Metal Deposits
Posted by: Staff @ Geology for Investors in Geology Basics, Mineral Deposits

Nearly a quarter of the world’s zinc production is from volcanogenic massive sulphide (VMS) deposits. In Canada, approximately half of country’s zinc production is from VMS deposits that also supply 40% of Canada’s silver production. VMS deposits also yield significant amounts of lead, silver, copper, and gold.
Volcanic massive sulphide deposits are accumulations of metal sulphides that precipitate from heated hydrothermal fluid associated with volcanically active under-sea environments.
Ore Minerals
IMGP2727 300x199 Volcanogenic Massive Sulphide (VMS) Base Metal Deposits mineral deposits geology basics Xstrata sphalerite Hudbay Minerals galena Flin Flon chalcophyrite Canada
Headframe above the main shaft at HudBay’s 777 VMS Deposit
The main ore minerals in VMS deposits are, unsurprisingly, sulphides, including pyrite (iron sulphide), sphalerite (zinc sulphide), chalcopyrite (copper-iron sulphide) and galena (lead sulphide).
VMS deposits contain minor amounts of silver and gold plus a large variety of other elements including cobalt, tin, selenium, manganese, arsenic, tellurium, antimony, and mercury among others. Some of these can be extracted as a by-product, increasing a mine’s profitability.
Formation
450px High Rise black smoker 1 225x300 Volcanogenic Massive Sulphide (VMS) Base Metal Deposits mineral deposits geology basics Xstrata sphalerite Hudbay Minerals galena Flin Flon chalcophyrite Canada
Black Smoker in the Endeavour Hydrothermal vents offshore from British Columbia. Image CC
Volcanic massive sulphide deposits are accumulations of metal sulphides that precipitate from heated hydrothermal fluid associated with volcanically active under-sea environments.
The volcanic activity is caused by rifting in the Earth’s crust. A rift is simply an area where the Earth’s crust is being pulled apart, and the result is that magma from Earth’s mantle rises up beneath the area where the crust is being stretched.
Rifting causes magma from the mantle to rise and cool in the Earth’s crust. The magma expels volatiles that carry valuable elements toward the surface. The large temperature difference between the rising volatiles and seawater percolating down through the rock causes convection. Convection allows more metals to be incorporated into the fluids until the fluids finally escape to the surface through faults or similar structures. When the fluids are expelled into the ocean (via a “black smoker”) the dramatic decrease in temperature causes sulphide minerals to be precipitated onto the seafloor.
As the metal-rich fluids enter the overlying water at temperatures around 400°C, the drastic temperature decrease caused by mixing of these fluids with seawater causes the metals to precipitate out as sulphide minerals.
VMS zoning mineralisation Volcanogenic Massive Sulphide (VMS) Base Metal Deposits mineral deposits geology basics Xstrata sphalerite Hudbay Minerals galena Flin Flon chalcophyrite Canada
Zoning of a VMS deposit around a black smoker. Cp = Chalcopyrite, Po = Pyrrhotite, Py = Pyrite, Sp = Sphalerite, Gn = Galena.
VMS Size, Geometry & Distribution
The two features make VMS deposits such desirable exploration targets are their size and geometry. These deposits often form over a long time and can be reactivated on numerous occasions. This results in individual lenses that are a hundred meters thick and extend hundred meters along strike. The reactivation also causes the deposits to be zoned around the black smoker pipe, with a predictable distribution of sulphides.
The massive accumulations of sulphides show up very well in geophysical surveys because they are both denser and more conductive than the surrounding rock, making VMS deposits a relatively easy geophysical exploration targets.
The shape of the deposits makes VMS ideal for cheap open-pit mining methods because a large amount of ore can be removed without having to remove very much waste rock. This is a much cheaper mining method than when ore is hosted in narrow veins, resulting in a much higher ratio of waste to ore removal..
VMS deposits often occur in clusters within a particularly small area (~10 km2) all related to the same event, since the metal-rich fluids may escape to the surface through many vents. The discovery of one large VMS deposit may well mean that there are other targets nearby.
Almost any age of terrain can potentially host a VMS deposit. The oldest VMS style deposits are some 3.4 billion years old while the youngest are being deposited today in oceans including the Red Sea and the western Pacific Ocean. There are ~800 VMS deposits known worldwide with about 350 of those in Canada. Worldwide there is much exploration for VMS-style deposits, particularly in the remote Canadian arctic.
Important Deposits
Flin Flon,Manitoba, Canada.

Kidd Mine Volcanogenic Massive Sulphide (VMS) Base Metal Deposits mineral deposits geology basics Xstrata sphalerite Hudbay Minerals galena Flin Flon chalcophyrite Canada
Kidd Mine in Timmins, Ontario, Canada.
The Flin Flon Greenstone Belt are ancient Precambrian rocks which host the biggest concentration of VMS deposits in Canada. The ore bodies are predominantly zinc-copper with significant gold and silver. Ore bodies range in size from 100,000 tonnes to 60 million tonnes.
One of the largest producers is Hudbay Minerals Inc. that was founded in 1927 to mine the region. Their 777 Mine produces zinc, copper, gold and silver. They are currently developing a new project at Snow Lake some 215km north of Flin Flon. In 2012 their production figures included:
39,587 tonnes copper
80,866 tonnes zinc
101,059 ounces of silver and gold.
Kidd Mine, Timmins, Ontario, Canada

The mine is hosted in the Abitibi greenstone belt which is around 2.8 – 2.6 billion years old Kidd Mine is operated by Xstrata and is the world’s deepest base metal mines. Opened as an open pit mine in the 1960’s it’s currently mining at 2800m below ground. The main commodities are copper and zinc.

http://www.geologyforinvestors.com/volcanogenic-massive-sulphide-vms-zinc-deposits/

Another link describing VMSs

http://en.wikipedia.org/wiki/Volcanogenic_massive_sulfide_ore_deposit

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Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person who has approved the scientific and technical information contained in this news release. Mr. Wagner has supervised the work programs on the Martiniere and Grasset Properties since their inception, visited the properties on multiple occasions, has examined the drill core from the holes summarized in this release, reviewed the results with senior on-site geological staff and reviewed the available analytical and quality control results.

About Balmoral Resources Ltd. - www.balmoralresources.com

Balmoral is a Canadian-based discovery company focused on high-grade gold and nickel discoveries on its wholly owned, 700 square kilometre Detour Trend Project in Quebec, Canada. With a philosophy of creating value through the drill bit and a focus on proven productive precious/base metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold and base metal assets.

On behalf of the board of directors of

BALMORAL RESOURCES LTD.

"Darin Wagner"

President and CEO

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Hope you found this helpful. We should have some major news coming up.

Best,

Red