Balmoral starts drill program on Detour Gold Trend projects

31 January 2012: Balmoral Resources has commenced its multi-rig winter 2012 drill program on the Company's Detour Gold Trend Project in Central Quebec. Follow-up drill testing of the Company's Grasset gold discovery has begun. Two additional drills are currently being mobilized and it is anticipated that expansion drilling, targeting the high-grade Martiniere West gold zone and several new high-grade gold discoveries in the Martiniere East area, will commence within the next 5-10 days. The Martiniere gold discoveries are located less than 45 km from the Detour Gold Project which is currently under development.

Drilling has commenced on the Grasset gold discovery. Initial plans call for the completion of 12 to 15 drill holes (approximately 4,000 metres) in the Grasset area. Drilling will initially focus on expanding the Grasset gold discovery itself through broadly spaced drilling along the Sunday Lake Deformation Zone. Three additional targets in the Grasset area, including two prominent conductors identified by the airborne EM survey completed in late 2011, are also slated for testing.

Source: Yourindustrynews