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

Shutterstock photo

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?