Exploration Plans

Balmoral is in the process of completing the winter 2017 drill program on the Martiniere Property. The focus of the winter 2017 program was on the expansion and delineation of the Bug South and Bug North gold deposits, as well as follow-up testing of two recent high grade discoveries located east of the Bug Lake Trend.

Positive initial results have led to the Board of Directors approving two expansions to the winter program and it is now anticipated that a total of a little over 11,000 metres of drilling will be completed during the winter season. As a results the Company should be receiving results well into the months of June/July by which point it is anticipated that the 2017 summer/fall program will be underway.

Modelling of the Bug Lake deposits, Martiniere West Deposit and several nearby zones of gold mineralization is underway. Additional infill drilling during the summer 2017 season is anticipated in addition to the on-going expansion drilling to facility a maiden resource estimate for the Martiniere Property.