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Ballymore Resources Limited ( (AU:BMR) ) has provided an update.
Ballymore Resources has commenced an initial reverse circulation drilling program at its Maniopota lead-zinc-copper-silver-gold target in Queensland, located along strike from the Red Dome and Mungana gold-base metal mines and 10km west of its Torpy’s prospect. The program, comprising five holes for 650 metres near historic mine workings, will test a suite of geological, geochemical and geophysical targets defined by a 6km-long soil anomaly, high-grade rock chip results, and recent EM and IP surveys, and is expected to finish within a week with further work planned in 2026; in parallel, a diamond rig has begun follow-up drilling at Torpy’s to further evaluate high-grade silver-lead-zinc-indium mineralisation and enable downhole EM, underlining Ballymore’s push to systematically explore underexplored historic mines and potentially enhance its resource base and project pipeline in the Chillagoe district.
More about Ballymore Resources Limited
Ballymore Resources Limited (ASX:BMR) is an Australian mineral exploration company focused on polymetallic deposits, including lead, zinc, copper, silver, gold and associated minerals. Its exploration activities are concentrated in Queensland, with projects such as Torpy’s, Maniopota, Dittmer and Ruddygore targeting large hydrothermal and skarn-related systems in proven mining districts near historic gold and base-metal operations.
Average Trading Volume: 236,836
Technical Sentiment Signal: Buy
Current Market Cap: A$64.12M
See more data about BMR stock on TipRanks’ Stock Analysis page.