Balmoral Resources Ltd. reported that the Bug South gold deposit on its Martiniere Property in Quebec continues to return broad intersection of high grade gold mineralization and show good continuity between sections. Results were released from seven holes testing Bug South completed during the fall program and were highlighted by: 41.95 metres grading 3.24 g/t gold, including 11.58 metres grading 6.30 g/t gold from the Upper Bug Zone ­ hole MDE-16-246B - 13.93 metres grading 4.07 g/t gold from the Upper Bug Zone ­ hole MDE-16-250 - 10.13 metres grading 7.34 g/t gold, including 5.34 metres grading 13.54 g/t gold from the Hanging Wall Zone ­ hole MDE-16-247 and 13.79 metres grading 2.80 g/t gold, including 2.22 metres grading 16.33 g/t gold from the 221 Zone ­ hole MDE-16-247. The Upper Bug Zone of the Bug South deposit continues to exhibit excellent continuity ranging in down-hole thickness in the holes from 5.83 to 88.36 metres. The Upper Bug Zone continues to exhibit a well-defined, south-southeast plunging area of enhanced thickness and grade. The company also intersected a new zone of zinc-lead-silver-gold veining at shallow depth in hole MDE- 16-245. The 5.36 metre wide interval between 54.79 and 60.15 metres down-hole returned an average grade of 2.80% zinc, 2.67% lead, 99.11 g/t silver and 0.19 g/t gold. This is the first time that mineralization of this nature (Zn-Pb-Ag-Au) has been intersected on the Martiniere Property, although high-grade silver mineralization is known from the Martiniere East area. This new discovery appears to cross-cut the local stratigraphy. Its origin and relationship to the Bug Lake gold deposits and/or the VMS system in the Martiniere East area is currently unknown. Additional results from the fall drill program on the Martiniere Property and on Balmoral's Detour East Property remain pending. Work on the winter road into the Martiniere camp continues and, weather conditions permitting, drilling is expected to commence on the property in early February. Balmoral will have drill core from the Bug South gold deposit on display in the core shack, booth 820, at the 2017 Mineral Exploration Round-Up in Vancouver, B.C. on January 23rd and 24th, and at the Prospectors and Developers Association convention in Toronto, Ontario on March 5 and 6.