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Ballymore Resources Limited ( (AU:BMR) ) has shared an announcement.
Ballymore Resources has intersected further broad zones of massive sulphide mineralisation in the first two holes of a new 3,000m reverse circulation drilling program at the Torpy’s silver-lead-zinc-indium discovery in North Queensland. The latest holes extended high-grade mineralisation closer to surface and support the potential for multiple high-grade shoots, building on earlier drilling that returned standout silver and lead grades.
The drilling program is continuing, with assay results from the current campaign expected in June and a major government-supported gravity survey underway across the wider Ruddygore corridor to generate additional drill targets. These activities are aimed at rapidly expanding the footprint of the Torpy’s discovery and enhancing Ballymore’s growth prospects in a highly prospective base metals region, with strong potential for further discoveries along the corridor.
More about Ballymore Resources Limited
Ballymore Resources Limited is an Australian mineral exploration company focused on silver, lead, zinc and associated base metals projects in North Queensland. The company is advancing its Ruddygore Project near Chillagoe, targeting high-grade polymetallic deposits along a 32km mineralised corridor in a proven mining district.
Average Trading Volume: 204,067
Technical Sentiment Signal: Sell
Current Market Cap: A$30.37M
Learn more about BMR stock on TipRanks’ Stock Analysis page.