Reserves & Resources

Martiniere - Initial Resource Estimate

Work continues on the preparation of an initial resource estimate for the Martiniere gold system. This report will provide an estimate of the gold content in the near-surface portions of the four largest deposits within the system: Bug North, Bug South, Bug Lower Steep and Martiniere West. Results up to the end of the summer/fall 2017 drill season will be incorporated into the resource estimate. All of the deposits within the system remain open for expansion to depth, as do numerous proximal and secondary zones of gold mineralization.

Balmoral currently anticipates receipt of the initial resource estimate prior to the end of the first quarter of 2018.