Balmoral Resources Ltd. (TSX:BAR) Reports Gold Recoveries of 91.4% From Preliminary Metallurgical Testing of Bug Lake Gold Zones

Original announcement by tmx on

Company
Balmoral Resources Ltd.
Ticker
BAR
Exchange
TSX
Region
Quebec
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Metallurgy
Extracted
2026-09-19 17:37:33 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Balmoral Resources reported preliminary metallurgical test results for the Bug Lake Gold Zones at the Martiniere Property in Quebec. Testing achieved 91.4% gold and 80.2% silver recoveries using a flotation and cyanide leach circuit, characterized by rapid kinetics and low reagent consumption.

Reasoning: Preliminary metallurgical testing on a composite sample from the Bug Lake Trend shows strong gold and silver recoveries using a standard flotation and cyanide leach circuit.

Positive factors

  • High gold recoveries (91.4%)
  • Rapid leach kinetics
  • Low cyanide and lime consumption
  • Lack of deleterious elements
  • Potential for coarse grind

Facts used in scoring: 6

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recovery of 91.4% is in the exceptional band for a mill route.

Evidence · text

“gold recoveries of 91.4% and silver recoveries of 80.2%”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: Testing involved standard flotation followed by cyanide leaching.

Evidence · text

“Results were achieved by standard flotation followed by cyanide leaching”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: The release notes a lack of deleterious elements and low reagent consumption.

Evidence · text

“lack of deleterious elements were additional positives”

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Results are from preliminary metallurgical testing on a composite sample.

Evidence · text

“achieved in preliminary metallurgical testing conducted on a composite sample”

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

Metallurgical Results (6)

flotationMartiniere Property · goldRecovery: 91.4 %Head Grade: 6.3Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Martiniere Property
Commodity
gold
Region
canada_qc
Reported Region
Quebec
Ticker
BAR

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
standard flotation followed by cyanide leaching
Sample
Bug Lake Composite sample (Lower Bug Lake, Hanging Wall, Upper Bug Lake and Footwall Zones)

Recovery

Recovery
91.4 %
Recovery Basis
actual_test
Head Grade
6.3
Head Grade Unit
g/t

Lab

Laboratory
Blue Coast Research Ltd.
Consultant
Blue Coast Research Ltd.

Review

Needs Review
No
Historical
No

Dates

Event date
2015-12-10T00:00:00.000Z

Reasoning: Strong combined circuit recovery for gold.

Positive factors

  • High recovery

Evidence · text

“Combined circuit extraction n/a 91.4 80.2”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationMartiniere Property · silverRecovery: 80.2 %Head Grade: 7.1Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Martiniere Property
Commodity
silver
Region
canada_qc
Reported Region
Quebec
Ticker
BAR

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
standard flotation followed by cyanide leaching
Sample
Bug Lake Composite sample (Lower Bug Lake, Hanging Wall, Upper Bug Lake and Footwall Zones)

Recovery

Recovery
80.2 %
Recovery Basis
actual_test
Head Grade
7.1
Head Grade Unit
g/t

Lab

Laboratory
Blue Coast Research Ltd.
Consultant
Blue Coast Research Ltd.

Review

Needs Review
No
Historical
No

Dates

Event date
2015-12-10T00:00:00.000Z

Reasoning: Good silver recovery in the combined circuit.

Positive factors

  • Solid silver recovery

Evidence · text

“Combined circuit extraction n/a 91.4 80.2”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationMartiniere Property · goldRecovery: 92.5 %View all details
Link to this fact

Identity

Project
Martiniere Property
Commodity
gold
Region
canada_qc
Reported Region
Quebec
Ticker
BAR

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
standard flotation followed by cyanide leaching
Sample
Bug Lake Composite sample (Lower Bug Lake, Hanging Wall, Upper Bug Lake and Footwall Zones)

Recovery

Recovery
92.5 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2015-12-10T00:00:00.000Z

Reasoning: High gold recovery from the concentrate leach stage.

Positive factors

  • High concentrate leach recovery

Evidence · text

“Gold% Silver% ... Conc leach extraction rate 92.5 80”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationMartiniere Property · silverRecovery: 80 %View all details
Link to this fact

Identity

Project
Martiniere Property
Commodity
silver
Region
canada_qc
Reported Region
Quebec
Ticker
BAR

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
standard flotation followed by cyanide leaching
Sample
Bug Lake Composite sample (Lower Bug Lake, Hanging Wall, Upper Bug Lake and Footwall Zones)

Recovery

Recovery
80 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2015-12-10T00:00:00.000Z

Reasoning: Silver recovery from concentrate leach.

Positive factors

  • Solid silver recovery from concentrate

Evidence · text

“Gold% Silver% ... Conc leach extraction rate 92.5 80”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationMartiniere Property · goldRecovery: 65 %View all details
Link to this fact

Identity

Project
Martiniere Property
Commodity
gold
Region
canada_qc
Reported Region
Quebec
Ticker
BAR

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
standard flotation followed by cyanide leaching
Sample
Bug Lake Composite sample (Lower Bug Lake, Hanging Wall, Upper Bug Lake and Footwall Zones)

Recovery

Recovery
65 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2015-12-10T00:00:00.000Z

Reasoning: Gold recovery from the tailings leach is significantly lower.

Negative factors

  • Lower recovery from tails

Evidence · text

“Gold% Silver% ... Tails leach extraction rate 65 83”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 65% is below the weak band (80%)

flotationMartiniere Property · silverRecovery: 83 %View all details
Link to this fact

Identity

Project
Martiniere Property
Commodity
silver
Region
canada_qc
Reported Region
Quebec
Ticker
BAR

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
standard flotation followed by cyanide leaching
Sample
Bug Lake Composite sample (Lower Bug Lake, Hanging Wall, Upper Bug Lake and Footwall Zones)

Recovery

Recovery
83 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2015-12-10T00:00:00.000Z

Reasoning: Silver recovery from the tailings leach is relatively high.

Positive factors

  • Good silver recovery from tails

Evidence · text

“Gold% Silver% ... Tails leach extraction rate 65 83”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

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.