This Week's Featured Company

Balmoral Resources Ltd ( TSX: BAR )

Balmoral Intersects 1,138 g/t (33 oz/ton) Gold Over 4.87 Metres, Bug Lake Footwall Zone, Detour Gold Trend Project, Quebec

VANCOUVER, BC--(Marketwired - May 12, 2014) - Balmoral Resources Ltd. (BAR.TO) (BALMF)

  • Extends Bug Lake Zone to 400 metres vertical depth, high grade intercept of 8.25 g/t gold over 14.53 metres
  • Intersects 9.35 g/t over 5.17 metres -- new high-grade "steep" section, south extension

Balmoral Resources Ltd. ("Balmoral" or the "Company") (BAR.TO) (BALMF) today reported the results of the winter 2014 drill program on the Company's wholly owned Martiniere Property. Results are highlighted by an intercept of 1,138 g/t (33 oz/ton) gold over 4.87 metres from the Bug Lake Footwall Zone, which includes a property record intercept of 9,710 g/t (312 oz/ton) over 0.57 metres. This intercepts sits within a 71.05 metre wide gold mineralized interval cutting the Footwall and Bug Lake Gold Zones. This high-grade intercept and others in today's release continue to emphasize the high to bonanza-grade nature of the Bug Lake Footwall Zone. Holes MDE-14-143 and -144 also successfully extended the Bug Lake and related gold zones to a vertical depth of 400 metres, including an intercept of 8.25 g/t gold over 14.53 metres associated with the lower steep (see Figure 1 - Cross Section 1+62.5 North and "Steeps and Flats" below). The Zones remain open below this depth for potential expansion.

Read more: Balmoral Resources Ltd ( TSX: BAR )