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Ballymore Resources Limited ( (AU:BMR) ) has shared an announcement.
Ballymore Resources Limited has reported promising results from its Stage 5 drilling campaign at the Dittmer Project, with all eight holes intersecting the Duffer Lode extension. The company is considering future processing options for the ore, amid high gold prices, which could lead to the development of a low CAPEX high-grade gold mine. The ongoing exploration and positive assay results enhance the company’s confidence in its geological model and exploration strategy, potentially impacting its market positioning and stakeholder interests.
More about Ballymore Resources Limited
Ballymore Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Dittmer Project located in North Queensland, which has historically been a high-grade gold mine.
YTD Price Performance: -4.17%
Average Trading Volume: 233,849
Technical Sentiment Signal: Buy
Current Market Cap: A$20.32M
See more insights into BMR stock on TipRanks’ Stock Analysis page.