$0.67
+0.03
Projects
Grasset
Early Stage Gold Exploration
Detour Gold Trend Project, Quebec
With the Grasset Property covering approximately 30 kilometres of one of the Abitibi's major gold bearing deformation zones -- the Sunday Lake Deformation Zone -- the Grasset Property is a high-priority target for structurally controlled, meso-thermal gold mineralization. The massive Detour Gold Deposit, home to Canada's largest gold mine complex, is located along this same deformation zone 80 kilometres to the east. In addition the Property hosts potential for gold mineralization in secondary structures which are related to the Sunday Lake similar to the expanding high-grade gold zones located on Balmoral's Martiniere and adjacent Fenelon properties.
Balmoral's first drill hole on the Grasset Property confirmed the potential of the Property with the discovery of the Grasset occurrence located on the western end of the Property along the northern contact of the Sunday Lake Deformation Zone. This hole intersected a 33.00 metres grading 1.66 g/t gold including two higher grade intervals grading 6.15 g/t gold over 4.04 metres and 4.18 g/t gold over 5.00 metres (see NR11-14, July 7, 2011). This new discovery is located along the northern contact of the Sunday Lake Deformation in Zone in a setting very similar to the Detour Gold Deposit.
Base Metal Potential
Balmoral interprets there to be significant potential for the discovery of both copper-zinc (+/- precious metal) VMS (volcanic hosted massive sulphide) mineralization and nickel-copper-cobalt-PGE (platinum group metal) mineralization on the Grasset Property.
Cu-Zn VMS Deposits
The Mattagami base metal camp, which hosts one current and several former producing Cu-Zn VMS deposits is located less than 30 kilometres east of the eastern end of the Grasset Property. Exploration by Balmoral and previous operators have indicated the presence of VMS style mineralization on the adjacent Fenelon Property, in the same rock sequences which traverse the Grasset Property. A number of untested geophysical features located throughout the Property share characteristics with the geophysical signatures of deposits in the Mattagami region.
Ni-Cu-PGE Deposits
Drill testing to follow-up the Grasset gold discovery intersected a previously unknown occurrence of nickel-PGE mineralization on the Grasset Property. This discovery hole returned 9.17 metres grading 0.5% nickel, 0.1% copper, 0.33 g/t palladium and 0.15 g/t platinum. The disseminated to semi-massive sulphide mineralization is located at the very southern end of a 10+ kilometre long trend of strongly magnetic mafic-ultramafic rocks. This same rock sequence is known to host similar Ni-Cu-PGE mineralization 8+ kilometres to the northeast on Balmoral's Fenelon Property.
There are a number of former producing nickel deposits in the Abitibi greenstone belt and in Archean sequences throughout the world. Approximately 200 kilometres to the south, near Amos, Quebec the large (1.18 billion tonnes @ 0.27% Nickel, 0.02 g/t Palladium, 0.009 g/t Platinum) Dumont nickel deposit is currently under economic evaluation.
Grasset Nickel Target Presenation
Detour Gold Trend Project, Quebec
- Property covers over 30 kilometres of the Detour/Sunday Lake deformation zone which hosts the 17+ million ounce Detour Gold Deposit.
- Balmoral holds a 100% interest in the Grasset Property with no underlying royalties.
- Located at the eastern end of Balmoral's Detour Trend Gold Project the Grasset Property is road accessible and easily serviced from Balmoral's all season, Fenelon camp which is centrally located between the Grasset Property and the Fenelon Gold Deposit
- Initial drill testing led to the discovery of a new zone of gold mineralization -- Grasset discovery (33 m grading 1.66 g/t gold) which shares similarities with the Detour Gold deposit 80 kilometres to the east in a similar geological setting
- Follow-up drilling discovered a zone of nickel-platinum group metal mineralization located at the southern contact of a 10+ kilometre long sequence of mafic/ultramafic rocks which trend back onto Balmoral's adjacent Fenelon Property
- Largely untested Copper-Zinc VMS Potential
- Least explored portion of the Detour Gold Trend Project.
With the Grasset Property covering approximately 30 kilometres of one of the Abitibi's major gold bearing deformation zones -- the Sunday Lake Deformation Zone -- the Grasset Property is a high-priority target for structurally controlled, meso-thermal gold mineralization. The massive Detour Gold Deposit, home to Canada's largest gold mine complex, is located along this same deformation zone 80 kilometres to the east. In addition the Property hosts potential for gold mineralization in secondary structures which are related to the Sunday Lake similar to the expanding high-grade gold zones located on Balmoral's Martiniere and adjacent Fenelon properties.
Balmoral's first drill hole on the Grasset Property confirmed the potential of the Property with the discovery of the Grasset occurrence located on the western end of the Property along the northern contact of the Sunday Lake Deformation Zone. This hole intersected a 33.00 metres grading 1.66 g/t gold including two higher grade intervals grading 6.15 g/t gold over 4.04 metres and 4.18 g/t gold over 5.00 metres (see NR11-14, July 7, 2011). This new discovery is located along the northern contact of the Sunday Lake Deformation in Zone in a setting very similar to the Detour Gold Deposit.
Base Metal Potential
Balmoral interprets there to be significant potential for the discovery of both copper-zinc (+/- precious metal) VMS (volcanic hosted massive sulphide) mineralization and nickel-copper-cobalt-PGE (platinum group metal) mineralization on the Grasset Property.
Cu-Zn VMS Deposits
The Mattagami base metal camp, which hosts one current and several former producing Cu-Zn VMS deposits is located less than 30 kilometres east of the eastern end of the Grasset Property. Exploration by Balmoral and previous operators have indicated the presence of VMS style mineralization on the adjacent Fenelon Property, in the same rock sequences which traverse the Grasset Property. A number of untested geophysical features located throughout the Property share characteristics with the geophysical signatures of deposits in the Mattagami region.
Ni-Cu-PGE Deposits
Drill testing to follow-up the Grasset gold discovery intersected a previously unknown occurrence of nickel-PGE mineralization on the Grasset Property. This discovery hole returned 9.17 metres grading 0.5% nickel, 0.1% copper, 0.33 g/t palladium and 0.15 g/t platinum. The disseminated to semi-massive sulphide mineralization is located at the very southern end of a 10+ kilometre long trend of strongly magnetic mafic-ultramafic rocks. This same rock sequence is known to host similar Ni-Cu-PGE mineralization 8+ kilometres to the northeast on Balmoral's Fenelon Property.
There are a number of former producing nickel deposits in the Abitibi greenstone belt and in Archean sequences throughout the world. Approximately 200 kilometres to the south, near Amos, Quebec the large (1.18 billion tonnes @ 0.27% Nickel, 0.02 g/t Palladium, 0.009 g/t Platinum) Dumont nickel deposit is currently under economic evaluation.
Grasset Nickel Target Presenation
