10 www.resourceworld.com
F E B R U A R Y / M A R C H 2 0 1 5
deposits. The Yellowjacket vein-style
deposit has indicated resources of 3.69
million tonnes averaging 1.03 g/t gold and
5.52 g/t silver for 122,000 contained oz
gold and 654,000 oz silver and inferred
resources of 18.40 million tonnes averaging
0.94 g/t gold and 6.16 g/t silver for 555,000
oz gold and 3.64 million oz silver, both at a
0.29 g/t gold cutoff.
The five oxidized disseminated heap
leach deposits contain indicated resources
of 25.72 million tonnes averaging 0.29
g/t gold for 240,000 oz gold and inferred
resources of 185.99 million tonnes of 0.19
g/t gold for 1,136,000 oz gold (both at a
0.13 g/t gold cut-off), with appreciable sil-
ver credits.
The project has roads, water and power.
BALMORAL RESOURCES LTD.
[BAR-TSX; BALMF-OTCQX]
Balmoral Resources Ltd. reported final
results of the 2014 summer/fall drilling
on the 100%-owned Grasset property,
Québec. Drilling has now extended the
Horizon 3 Ni-Cu-PGE Zone to a depth of
400 vertical metres, and confirmed 400
metres of strike along Horizon 3 with the
zone remaining open to depth and along
strike. Highlights included hole GR-14-62
that returned 57.11 metres grading 1.03%
nickel, 0.13% copper, 0.20 g/t platinum
and 0.55 g/t palladium, including 16.87
metres grading 1.42% Ni, 0.21% Cu,
0.29 g/t Pt and 0.90 g/t Pd. This interval
also includes a very high-grade massive
sulphide intercept which yielded 9.88%
Ni, 2.33% Cu, 2.45 g/t Pt and 6.13 g/t Pd
over 0.41 metres. Drilling of the Horizon 3
Discovery has resumed.
In late November, Balmoral reported
assays from hole GR-14-57 that returned
a very broad Horizon 3 intercept of 57.88
metres grading 1.85% Ni, 0.21% Cu, 0.40
g/t Pt and 0.97 g/t Pd, which includes a
high-grade interval of 20.63 metres grad-
ing 3.47% Ni, 0.40% Cu, 0.79 g/t Pt and
1.92 g/t Pd. This high-grade interval
is capped by, and includes, a previous
reported 1.51 metre thick interval of mas-
sive sulphide which returned 14.96%
Ni, 0.74% Cu, 3.03 g/t Pt and 5.61 g/t
Pd – further emphasizing the very high
