BAR:TSX; BALMF:OTCQX

Balmoral Resources Ltd.

Balmoral Resources Ltd. is a Vancouver-based precious metal exploration and development company focused on the delineation of both high-grade gold and nickel-copper-PGE discoveries on its wholly owned Detour Gold Trend project in Quebec, Canada. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through the discovery and definition of high-grade gold and base metal assets.
BAR:TSX BALMF:OTCQX

Expert Comments:

Byron King, Gold Speculator (1/18/17)
"Balmoral Resources Ltd.’s share price traded even last week. . .the company released new drilling results, with very good gold intercepts at one of its key projects. . .clearly, Balmoral is sitting atop prospective areas of Quebec; and Quebec is a fabulous gold district in any event. . .ooking ahead, Balmoral is cashed up and moving ahead with its winter drilling program. Balmoral is an attractive joint venture or takeover target for larger companies that must sooner or later add to their resource base. . .maintain buy on BALMF, up to $1.10 per share."

Philip Ker, PI Financial (1/11/17)
"Balmoral Resources Ltd. announced positive exploration news from its drilling efforts at its Bug Lake target in Quebec which included a new, shallow, high-grade gold discovery. . .the company also successfully confirmed a 200m vertical extension of Lower Steep gold mineralization to 740m depth and is the deepest interval of gold mineralization (0.39m of 34.6g/t gold) encountered on the property to date. . .With multiple zones of mineralization across its Martiniere property, as well as results pending from more exploratory targets, Balmoral has the opportunity to continue expanding its known zones of mineralization and possibly make additional discoveries."

The Critical Investor (12/30/16)
"Balmoral Resources Ltd. is dedicated to advance its two major projects in Québec. . .Martiniere could have an estimated resource containing anywhere between 1.8 and 2.4Moz Au, at an estimated average grade of 2.8g/t, with still lots of exploration potential as new mineralization is found at many locations. The combination of high-grade near-surface mineralization, which could most likely be open pittable, and decent grade underground mineralization will most likely provide a substantial, economic operation. . .I don't rule out the possibility that Martiniere could become significantly bigger, maybe even to the tune of 4-5Moz Au."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/27/16)
"Balmoral Resources Ltd. announced promising assays from the first of three deep holes drilled on the Bug North deposit on its Martiniere property in Quebec. . .the hole tested the down plunge extension of mineralization at Bug North to a depth of around 550 meters. . .the results, which included a 48.6-meter intersection grading 1.07 g/t gold, managed to increase Bug North’s vertical extent by 140 meters. The deposit remains open down-plunge. . .with promising results turn- ing up here and elsewhere on the project, Martiniere continues to look enticing as a gold exploration and discovery story."

Byron King, Gold Speculator (12/20/16)
"Last week, Balmoral Resources Ltd. released more strong drilling results from its Bug Lake site. The geologists are finding gold and it's the foundation for a significant resource. . .looking ahead, Balmoral is cashed up and proceeding with its winter drilling program. . .the company is an attractive joint venture or takeover target for larger companies that must—sooner or later—add to their resource base. . .maintain Buy on BALMF up to $1.10 per share."

Philip Ker, PI Financial (12/12/16)
"Balmoral Resources Ltd. announced positive exploration news from its drilling efforts at its Bug South gold deposit in Quebec. Broad intervals from the Upper Bug Zone continue to support the south-plunging broadening of gold mineralization and is displaying excellent continuity thus far. . .we believe it's time again for investors to begin buying Balmoral. . .with results pending from more exploratory targets such as Detour East, Balmoral has the opportunity to continue expanding its known zones of mineralization and possibly make additional discoveries. . .we are boosting our rating from neutral to buy and maintain our $1.05/sh target."

Balmoral Resources has announced a "rapid increase in the width of the Bug South gold deposit," leading one analyst following the Canadian exploration and development company to increase his target price.
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Balmoral Resources' announcement that summer drilling has increased the vertical depth of the company's Bug North deposit by 36% prompted a pair of analysts to comment on the company's discovery prospects.
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More Expert Comments

Experts Following This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
Thom Calandra, writer The Calandra Report
Mick Carew, Analyst – Haywood Securities
Ryan Hanley – Mackie Research Capital
Louis James, Editor – Casey Research
Philip Ker, Mining Analyst – PI Financial
Byron King, Editor – Agora Financial
Eric Lemieux, Mining Analyst – EBL Consultants Enr.
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Greg McCoach, Editor – Mining Speculator

The information provided above is from analysts, newsletters, the company and other contributors.

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