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Message: The Gold Report interview with Eric Lemieux

http://www.theaureport.com/pub/na/quebec-is-back-ready-for-renaissance-eric-lemieux

On the Québec side, others players have garnered attention. Balmoral Resources Ltd. (BAR:TSX; BAMLF:OTCQX) received the 2014 Association de l'Exploration Minière du Québec (AEMQ) Prospector of the Year Award for its Grasset nickel-PGE discovery. In 2013, Balmoral received the same AEMQ award for the Martiniere gold zone. Maybe the company will win the award again in 2015 because it remains very active in the area. Balmoral has three drill rigs working, one on the Martiniere extension and two on Grasset. The company could deliver the first mineral resource estimate for the Grasset nickel-copper-PGE project by the end of 2015, which is tremendous.

TGR: Would you be willing to say that Grasset is now its top asset?

EL: I discussed that with Balmoral CEO Darin Wagner. What is attracting the market right now? In early 2014 it was gold but then gold dipped and now the market seems more excited by a nickel discovery, so he's put the emphasis on that. Right now the momentum is with Grasset, but Balmoral has the financial strength to work on Grassetand Martiniere. That's a testament to good management and a strong exploration team.

TGR: Do you think that Grasset will get spun out?

EL: Good question. If I'm using André Gaumond's playbook, he'd sell the Grasset project to a major for a sizeable price but retain an NSR. Mr. Wagner is an astute manager so he'll negotiate, if need be, something positive for shareholders.

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