Premise for Growth
Outside the Witwatersrand Basin in South Africa no other area on Earth has generated as much wealth from the extraction of gold ores as has the Abitibi Greenstone Belt of Quebec and Ontario, Canada. With historic production now exceeding 130 million ounces of gold the Abitibi is renowned for high-grade gold deposits which exhibit tremendous vertical continuity and which are located along fundamental faults or "breaks" in the earth's crust.
Over the past 5 years a number of major gold discoveries, which have resulted in strong shareholder appreciation, have emerged from the Abitibi. These include the discoveries of Osisko Mining, Detour Gold, Lakeshore Gold, Virginia Gold, West Timmins Mining (which was co-founded and managed by Balmoral's management team), Queenston Mining, etc.
The majority of Balmoral's assets are in the Canadian province of Quebec which has been consistently ranked, on a global basis, at or near the top of the annual rankings of favourable exploration and mining jurisdictions by industry experts.
Balmoral will follow the proven path of aggressive, drill-focused exploration, conducted at a district scale, in the rich gold fields of the Abitibi and other greenstone sequences of Canada as it looks to create growth and share appreciation through discovery, resource expansion and development.