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Ballymore Resources Limited ( (AU:BMR) ) has issued an announcement.
Ballymore Resources Limited has initiated follow-up drilling at the Seventy Mile Mount target within its Ravenswood Project, aiming to explore bulk-tonnage gold mineralization. The project is strategically located near the historic Mount Leyshon gold mine, known for its significant gold and silver production. The Seventy Mile Mount target shares geological similarities with other successful breccia-hosted gold deposits in the area, suggesting promising potential. This drilling program is part of Ballymore’s broader strategy to advance its exploration activities at various project sites, including the upcoming drill testing at the Ruddygore Project, which could enhance the company’s position in the mining sector.
More about Ballymore Resources Limited
Ballymore Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold and base metal projects. The company is actively engaged in projects within the Mount Leyshon Corridor, a region known for its rich mineral deposits.
Average Trading Volume: 125,019
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$32.99M
For an in-depth examination of BMR stock, go to TipRanks’ Overview page.