Balmoral Resources Ltd (TSX:BAR) Intersects 10.50% Ni, 0.74% Cu, 1.87 g/t Pt and 4.87 g/t Pd Over 7.50 Metres in Deep Drilling of H3 Zone, Grasset, Quebec
Original announcement by tmx on
- Company
- Balmoral Resources Ltd
- Ticker
- BAR
- Exchange
- TSX
- Region
- Quebec
- Primary commodity
- Nickel
- Secondary commodities
- Copper, Platinum, Palladium, Gold
- Document categories
- Drill results, Other
- Extracted
- 2026-08-21 13:16:04 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Balmoral Resources has intersected a high-grade nickel-copper-PGE vein-breccia system in hole GR-15-97 at the Grasset project. The 7.50m intercept of 10.50% Ni, 0.74% Cu, 1.87% Pt, and 4.87 g/t Pd represents a new discovery type that extends the H3 Zone to depth.
Reasoning: The discovery of a very high-grade (10.5% Ni) vein-breccia system at depth represents a significant expansion of the H3 Zone's high-grade core.
Positive factors
- exceptional nickel grade
- step-out extension to depth
- new discovery of vein-breccia system
- high-grade PGE credits
Negative factors
- hole drift in GR-15-99a-w1
Facts used in scoring: 7
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The high-grade vein-breccia in GR-15-97 confirms the continuation of the high-grade core to depth.
Evidence · text
“confirming the continuation of the high-grade core of the Zone to depth”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 10.5% Ni is exceptionally high for a nickel sulphide system.
Evidence · text
“10.50% Ni”
Extracted facts
Stored fact records: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
GR-15-97Grasset · nickelGrade: 10.5Grade Unit: %Intercept: 7.5 mView all detailsHide details
Identity
- Hole ID
- GR-15-97
- Project
- Grasset
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- BAR
Geometry
- Grade
- 10.5
- Grade Unit
- %
- Intercept
- 7.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GR-15-97:0-7.5
- Mining Method
- underground
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-11-16T00:00:00.000Z
Reasoning: 10.5% Ni is an exceptional grade for a nickel sulphide system.
Positive factors
- exceptional grade
Evidence · text
“10.50% Ni, 0.74% Cu, 1.87% Pt and 4.87 g/t Pd over 7.50 metres”
GR-15-97Grasset · copperGrade: 0.74Grade Unit: %Intercept: 7.5 mView all detailsHide details
Identity
- Hole ID
- GR-15-97
- Project
- Grasset
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- BAR
Geometry
- Grade
- 0.74
- Grade Unit
- %
- Intercept
- 7.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GR-15-97:0-7.5
- Mining Method
- underground
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-11-16T00:00:00.000Z
Reasoning: 0.74% Cu is a strong grade in a nickel sulphide context.
Evidence · text
“10.50% Ni, 0.74% Cu, 1.87% Pt and 4.87 g/t Pd over 7.50 metres”
GR-15-97Grasset · platinumGrade: 1.87Grade Unit: %Intercept: 7.5 mView all detailsHide details
Identity
- Hole ID
- GR-15-97
- Project
- Grasset
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- BAR
Geometry
- Grade
- 1.87
- Grade Unit
- %
- Intercept
- 7.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GR-15-97:0-7.5
- Mining Method
- underground
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-11-16T00:00:00.000Z
Reasoning: High platinum percentage adds significant value to the nickel intercept.
Evidence · text
“1.87% Pt”
GR-15-97Grasset · palladiumGrade: 4.87Grade Unit: g/tIntercept: 7.5 mView all detailsHide details
Identity
- Hole ID
- GR-15-97
- Project
- Grasset
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- BAR
Geometry
- Grade
- 4.87
- Grade Unit
- g/t
- Intercept
- 7.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GR-15-97:0-7.5
- Mining Method
- underground
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-11-16T00:00:00.000Z
Reasoning: Significant palladium grade accompanying the nickel.
Evidence · text
“4.87 g/t Pd”
GR-15-97Grasset · nickelGrade: 1.89Grade Unit: %Intercept: 63.02 mView all detailsHide details
Identity
- Hole ID
- GR-15-97
- Project
- Grasset
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- BAR
Geometry
- Grade
- 1.89
- Grade Unit
- %
- Intercept
- 63.02 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-11-16T00:00:00.000Z
Reasoning: Large 63m intercept at 1.89% Ni represents the combined disseminated and vein-breccia mineralization.
Positive factors
- large width
Evidence · text
“63.02 metres grading 1.89% Ni”
GR-15-95Grasset · goldGrade: 1.31Grade Unit: g/tIntercept: 9.38 mView all detailsHide details
Identity
- Hole ID
- GR-15-95
- Project
- Grasset
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- BAR
Geometry
- Grade
- 1.31
- Grade Unit
- g/t
- Intercept
- 9.38 m
- From
- 260.8 m
- To
- 270.18 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-11-16T00:00:00.000Z
Reasoning: Gold-rich intercept in the hanging wall.
Evidence · text
“9.38 metre interval between 260.80 and 270.18 metres downhole returned an intercept grading 1.31 g/t gold”
GR-15-95Grasset · goldGrade: 4.35Grade Unit: g/tIntercept: 1.48 mView all detailsHide details
Identity
- Hole ID
- GR-15-95
- Project
- Grasset
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- BAR
Geometry
- Grade
- 4.35
- Grade Unit
- g/t
- Intercept
- 1.48 m
- From
- 260.8 m
- To
- 262.28 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2015-11-16T00:00:00.000Z
Reasoning: High-grade sub-interval within the gold intercept.
Evidence · text
“including 4.35 g/t gold over 1.48 metres”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.