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

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary--2a7ddaab-465d-4885-acce-ea9a43e41ec0

Original source: https://money.tmx.com/en/quote/BAR/news/70339489/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary-

Publisher: tmx

Original announcement: 2015-12-10T12:26:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: High gold recoveries \(91.4%\)

- Positive factor: Rapid leach kinetics

- Positive factor: Low cyanide and lime consumption

- Positive factor: Lack of deleterious elements

- Positive factor: Potential for coarse grind

Facts used in scoring: 6

## Classification and evidence

**High Recovery**

Polarity: positive

Definition: 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 Route**

Polarity: neutral

Definition: 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 Milling**

Polarity: positive

Definition: 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 Only**

Polarity: negative

Definition: 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 Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

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

**Single Domain Only**

Polarity: negative

Definition: 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)

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary--2a7ddaab-465d-4885-acce-ea9a43e41ec0#fact-metallurgical-facts-0)

Martiniere Property · gold

#### 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 factor: High recovery

Evidence · text

> Combined circuit extraction n/a 91.4 80.2

#### Tags used in scoring

**Mill Route**

Polarity: neutral

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

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary--2a7ddaab-465d-4885-acce-ea9a43e41ec0#fact-metallurgical-facts-1)

Martiniere Property · silver

#### 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 factor: Solid silver recovery

Evidence · text

> Combined circuit extraction n/a 91.4 80.2

#### Tags used in scoring

**Mill Route**

Polarity: neutral

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

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary--2a7ddaab-465d-4885-acce-ea9a43e41ec0#fact-metallurgical-facts-2)

Martiniere Property · gold

#### 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 factor: High concentrate leach recovery

Evidence · text

> Gold% Silver% ... Conc leach extraction rate 92.5 80

#### Tags used in scoring

**Mill Route**

Polarity: neutral

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

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary--2a7ddaab-465d-4885-acce-ea9a43e41ec0#fact-metallurgical-facts-3)

Martiniere Property · silver

#### 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 factor: Solid silver recovery from concentrate

Evidence · text

> Gold% Silver% ... Conc leach extraction rate 92.5 80

#### Tags used in scoring

**Mill Route**

Polarity: neutral

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

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary--2a7ddaab-465d-4885-acce-ea9a43e41ec0#fact-metallurgical-facts-4)

Martiniere Property · gold

#### 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 factor: Lower recovery from tails

Evidence · text

> Gold% Silver% ... Tails leach extraction rate 65 83

#### Tags used in scoring

**Mill Route**

Polarity: neutral

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

Why it applies: processing\_route matches the flotation signal

**Low Recovery**

Polarity: negative

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

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

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-gold-recoveries-of-91-4-from-preliminary--2a7ddaab-465d-4885-acce-ea9a43e41ec0#fact-metallurgical-facts-5)

Martiniere Property · silver

#### 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 factor: Good silver recovery from tails

Evidence · text

> Gold% Silver% ... Tails leach extraction rate 65 83

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: 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.