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Ballymore Resources Limited ( (AU:BMR) ) just unveiled an update.
Ballymore Resources has reported broad, shallow gold intersections from recent diamond drilling at the Seventy Mile Mount prospect within its Ravenswood Project near Charters Towers in north Queensland. The breccia-hosted system, located along strike from the historic 2.5Moz Mount Leyshon mine, has delivered significant intercepts that bolster confidence in the geological model and the potential for a large, shallow bulk-tonnage gold operation.
Two new drill holes intersected extensive altered breccia and sulphide mineralisation, extending known zones and confirming continuity within the Seventy Mile Mount breccia pipe. Concurrent field work has outlined multiple additional high-priority gold targets in the broader Pinnacles area, including visible gold in stream sediments, with follow-up drilling planned to expand mineralised zones and move the project toward a maiden resource, alongside ongoing work at the Dittmer and Torpy’s prospects.
More about Ballymore Resources Limited
Ballymore Resources Limited is an Australian exploration company focused on gold projects in north Queensland, particularly within the highly endowed Mount Leyshon Corridor. The company targets large, bulk-tonnage and high-grade gold systems near historic operations such as the Mount Leyshon gold mine, aiming to grow its resource base through drilling and regional field programs.
Average Trading Volume: 195,447
Technical Sentiment Signal: Sell
Current Market Cap: A$28.03M
See more insights into BMR stock on TipRanks’ Stock Analysis page.