09:48 AM EST - Balmoral Resources Ltd. : reported initial results from the winter 2015 drill program targeting extensions of the Horizon 3 Ni-Cu-PGE discovery and additional nickel targets within the Grasset Ultramafic Complex. The Grasset nickel discoveries are located on the Company's wholly owned, 700+ square-kilometre Detour Trend Project in Quebec. Results are highlighted by a high-grade intercept of 8.45 metres grading 2.13% Ni, 0.33% Cu, 0.75 g/t Pt and 1.59 g/t Pd in hole GR-15-73 and by a 20% increase in the known strike extent of the Horizon 3 Ni-Cu-PGE discovery to over 480 metres. Balmoral Resources Ltd.
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