Exploration Plans

Balmoral commenced its first exploration program on the HWY 810 property in Quebec in Janaury 2018, including a minimum 120 line kilometre I.P. program targeting three areas of the property package. The target areas were identified through a compilation of historic work and modeling as having potential for mesothermal gold mineralization using criteria derived from the Company’s knowledge of the numerous deposits and active gold mines in the region.

The I.P. results will be incorporated into the selection of targets for initial drill testing, potentially during 2018.