High Grade Gold in Multiple Deposits
Darin Wagner, President and Chief Executive Officer of Balmoral Resources Ltd., shares the company’s future plans with their gold project in the Abitibi Greenstone belt.
Really, right now for Balmoral the focus is on gold mineralization in the Abitibi Greenstone belt. For us as explorers, it’s key to be where other people want to be. We’re in an area surrounded by great mines like Detour and Casa Berardi is owned by Hecla and the Matagami Camp owned by Glencore.
The Martiniere project which is really our flagship right now, consists of four deposits and a number of zones of mineralisation that are sort of tracking towards deposits that are in delineation phase right now. So we’re in the process of prepping for our initial resource across almost two kilometres of strike length.
And then it comes down to grade. Balmoral produces grades up to twelve hundred grams per tonne gold so fabulous high-grade gold mineralization and it is multiple deposits it’s not just one. This isn’t our first go-around with a high grade gold deposit in this region. We closed on the sale of West Timmins mining for 424 million dollars on a project very similar to what we currently have at Martiniere.
What we hope to do over the months ahead is to let, continue to deliver to our shareholders high-grade gold results and paint out the picture of the scale and the size of the opportunities that exist for them at Martiniere.
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