• Fenelon Property – Detour Gold Trend Project
• Location: 75 km WNW of Matagami, Quebec (location map)
• Access: Road accessible year-round
• Target Commodities: Gold, Nickel, Copper
• Target: Mesothermal, shear-zone hosted gold. Komatiite-hosted nickel-copper-cobalt-PGE
• Stage of Exploration: Early stage drill testing
• Resources/Reserves: Currently no Resources or Reserves defined
• Ownership: 100% Balmoral
• Royalty Interest: 1% NSR (Cyprus Canada), certain claims also have a 2% NPI

The Fenelon property (historically the ‘Fenelon A’ and ‘Gaudet C’ Properties) has been subdivided into two sections on a NW-SE basis with the eastern half assigned to the Grasset Ultramafic Complex (“GUC”) property (click here for location map). The western half of the property surrounds the Fenelon Gold Mine property which Balmoral sold to a third party in 2016.

The Fenelon property extends for approximately seven kilometres along the Sunday Lake deformation zone which, 80 kilometres to the west, controls the location of the >20 million ounce Detour Lake gold deposit and also controls all, or parts of, a number of secondary fault structures which formed in response to regional scale movements along the Sunday Lake deformation zone. One of these – the Area 51 fault – has recently proved to be gold mineralized and is, along with the Sunday Lake and environs, the target of current testing by Balmoral. Several similar structures remain to be evaluated (click here for a map of the local structural setting).

The Fenelon property is year-round accessible. Balmoral has recently (spring 2019) acquired a permanent lease on the Fenelon camp site where it, working with neighbour Wallbridge Mining, operates an 80 plus man, all-season camp which supports exploration in the region.

The Fenelon property, along with the Company’s Martiniere, N2, and Northshore properties, were purchased by Balmoral in the late 2010 via a cash and share purchase agreement.

Exploration Target

The primary exploration target on the Fenelon property is mesothermal, shear-zone hosted gold mineralization similar to that observed throughout the Abitibi greenstone belt. The property’s proximity to the regional-scale Sunday Lake deformation zone, which controlled the emplacement of the Detour Lake Gold deposit, and to the intersection between this “structural superhighway” and several secondary fault systems provide a number of high priority exploration targets.

Recent gold discoveries along one of these secondary features continues to demonstrate the exploration potential of this large property. Geophysical evidence suggests the recent (winter 2019) discoveries may well track onto Balmoral’s holdings. As well they highlight the potential of similar east-west and northwest-southeast trending fault systems in the immediate area to host high grade gold mineralization.

The discovery by Balmoral of komatiite-hosted nickel-copper-cobalt-PGE mineralization on the adjacent Grasset Ultramafic Complex property raises the prospect for similar discoveries on the Fenelon and surrounding properties which form part of Balmoral’s extensive Detour Gold Trend project.

The Fenelon property is completely overburden covered so exploration relies heavily on geophysical surveys and drill testing to advance both overall geological knowledge and exploration targeting.