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Balmoral Down 5% Despite Intersecting More High Grade Gold at Martiniere Property


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Balmoral Resources Ltd. (BAR.V) reported additional high-grade gold results from drill testing of multiple shallow zones situated along the Bug Lake Fault System on its wholly owned Martiniere Property in Quebec.

The company said drilling continued to expand and delineate the Hanging Wall, Footwall and Bug Lake Zones, with most holes "successfully" intersecting multiple zones of gold mineralization.

BAR has dropped nearly 5% despite the announcement. It is now trading at $1.02, with 52-week range of $0.495-$1.26.

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This article appears in: Investing , Commodities



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