|GTA Resources and Mining Inc. - GTA.v is developing the 51% owned Northshore Property, 70 km west of Hemlo, Ontario.|
The company is also advancing the Ivanhoe claims near Folyet in northern Ontario.
Balmoral Resources Ltd. has received, from joint venture partner GTA Resources and Mining Inc., the results from 36 shallow drill holes (surface to approximately 30 metres in vertical depth) recently completed on the Northshore property located near Schreiber, Ont.
Drilling focused on delineation of the high-grade Audney and Caly vein systems which outcrop at surface and are located within the central core of the broader Afric gold zone. Drilling continues to intersect very high-grade (greater-than-one-ounce-per-ton), near-surface gold mineralization (including 139.00 grams per tonne gold over 1.20 metres, 72.40 g/t gold over one metre and 39.3 g/t gold over 1.50 metres -- see associated table) along both the Audney (D series holes) and Caly (A series holes) vein systems. Additional highlights of the program, more fully detailed in the associated tables, include:
4.06 g/t gold over 23.00 metres, including 25.60 g/t gold over three metres in hole A-16-12;
5.67 g/t gold over 10.40 metres, including 33.70 g/t gold over 1.40 metres in hole A-16-08;
5.96 g/t gold over nine metres, including 24.14 g/t gold over two metres in hole D-16-07;
7.29 g/t gold over 5.40 metres, including 18.54 g/t gold over two metres in hole D-16-08.
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