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Balmoral Completes Winter Drill Program at Martiniere

Balmoral Resources Ltd. (BAR.V) has completed the winter 2013 drill program on its Detour Trend Gold Project in Quebec.

Approximately 13,600 metres of drilling were completed in 50 diamond drill holes. Twenty four holes focused on lateral and depth extensions of the Bug Lake and associated zones of gold mineralization (results pending), nine holes on vertical and lateral extensions of the West Zone at depths below 150 metres (results pending) and eighteen first pass exploration holes which were completed outside the areas of previous testing on the Property (results of sixteen holes (MDX-13-08 to -23) have now been received and reported).

Results received and announced last month, have indicated that high-grade gold mineralization can now be traced for over 850 metres along the trend of the Martiniere West Zone, more than doubling the previously known length of this trend and extending to over 2,000 metres the northeast-southwest strike extent of the Martiniere gold system. As well, recently received results indicate the discovery of a new area of anomalous gold mineralization located approximately 500 metres northeast of the Bug Lake Zone in an area of the property which had not been previously. Hole MDX-13-20 intersected a number of intervals of anomalous gold mineralization (ranging from 0.96 g/t gold to 2.67 g/t gold) over drill indicated intervals of 0.32 to 3.03 metres.

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

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

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