Exploration Plans

2019 - CURRENT PROGRAM (ACTIVE)

Following the success of the initial drill program at Area 52 (see Balmoral NR 19-17 Sept 16th, 2019) the Phase 2 follow-up program began in September 2019. The initial target of this program is the very promising high-grade gold discovery made along the Sunday Lake deformation zone in hole A52-19-03. The first six holes of the program are planned to further delineate the orientation and structural controls on the A52-19-03 discovery, and evaluate the potential of the broad shear corridor intersected. Following completion of these planned, shallow drill holes (1,200-1,500 metres) the Company will determine how to proceed with additional testing of the numerous gold targets in Area 52.

Secondary targets include further evaluation of the Area 51 corridor, the area of intersection of the Area 51 corridor and the A52-19-03 gold mineralized shear structure, and other targets along both the Sunday Lake deformation zone and within and around the monzonite sill.

Balmoral will also look to expand its current geophysical coverage in and around Area 52 over the next two months to take advantage of the success and knowledge gained from this program.