Goldtent TA Paradise

Balmoral

1. Steins1 says:

   March 27, 2018 - 2:37 pm at 2:37 pm

   Balmoral Releases Initial Resource Estimate for Martiniere Gold System, Detour Gold Trend Project, Quebec
   BY GlobeNewswire
   — 7:30 AM ET 03/27/2018

   VANCOUVER, British Columbia, March 27, 2018 (GLOBE NEWSWIRE) — Balmoral Resources Ltd. (BALMF) (“Balmoral” or the “Company”) today reported the initial resource estimate for the near surface portion of the Martiniere gold system on the Company’s wholly owned Martiniere Property in Quebec. The initial resource estimate confirms the continuity of the gold mineralization within the Bug and Martiniere West Deposits and indicates potential for a significant portion of the currently outlined deposits (73%) to be extracted via open pit.
   Image: Martiniere Gold System
   Block Model with Open Pit and Underground Resource

   Over 93% of the estimated initial resource is contained within the upper 350 metres of the system. Expansion drilling below this level has begun and is currently anticipated to continue through the balance of 2018. Balmoral’s drilling has confirmed that the Bug Gold Deposit continues to over 650 metres vertical depth, and is open below that, providing a clear path for near-term resource expansion. The present estimate does not include the recently discovered Bug NW Extension or several other promising recent gold discoveries on the property which all provide additional avenues for further expansion of one of the Abitibi’s newest gold systems.

   INITIAL RESOURCE ESTIMATE

   The initial resource estimate for the Martiniere Gold System has been prepared by Mr. Marc Jutras (P.Eng., M.A.Sc.) of Ginto Consulting Inc. and is summarized below. Mr. Jutras is an Independent Qualified Persons pursuant to NI 43-101.

   At a 0.5 g/t cut-off grade the Martiniere Gold System is currently estimated to host an open pit-constrained Indicated gold resource of 431,000 ounces at an average grade of 2.0 g/t and an Inferred gold resource of 11,000 ounces at an average grade of 2.5 g/t

2. JSKauai says:

   March 27, 2018 - 3:04 pm at 3:04 pm

   Would someone please educate me as to why the stock price has reacted so negatively to this initial resource estimate? I don’t see this as being that disappointing to warrant a 1/3 loss in the stock’s value. So please help me understand this. Mahalo in advance!

   • Fullgoldcrown says:

     March 27, 2018 - 3:29 pm at 3:29 pm

     Very Good Question…these things are insane the way they react

3. Highroller says:

   March 27, 2018 - 4:58 pm at 4:58 pm

   somebody wants out bad at a good time news release and grabbing his cash as quick as he can and hopes to chase the QQQ for better flip… can’t blame ’em

4. Steins1 says:

   March 27, 2018 - 6:36 pm at 6:36 pm

   It was only down about 35%, just think what would happen if they struck a huge amount, down 50%!

5. dickus says:

   March 28, 2018 - 1:31 am at 1:31 am

   The market has been dis-appointed to say the least as the recently discovered Bug NW Extension or recent gold discoveries on the property were not included in the release. This omission made the resource underwhelming to the market and the share price will most likely lag the sector until the company releases the first assays from the upcoming drill program.

   • Steins1 says:

     March 28, 2018 - 10:02 am at 10:02 am

     Up 8% today in a down market.