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Balmoral Resources Says Drilling at Grasset Deposit Intersects Nickel; Stock Tumbles 6%

posted on Feb 06, 2019 11:26AM

2019-02-06 10:47:14 AM ET (MT Newswires)

10:47 AM EST, 02/06/2019 (MT Newswires) -- Balmoral Resources (BAR.TO) said the first expansion drilling on the Grasset deposit intersected nickel mineralization.

The company said this latter intercept adds over 230 meters to the known vertical extent of high-grade and disseminated nickel sulphide mineralization at Grasset. The late 2018 drill program also extended both zones of the deposit by approximately 100 meters to the northwest.