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Ballymore Resources Limited ( (AU:BMR) ) has shared an announcement.
Ballymore Resources announced its upcoming Stage 5 drilling campaign at the Dittmer Gold Project, set to begin in February. This 2,000-meter diamond drilling initiative aims to extend known gold mineralization and explore a significant porphyry magnetic body beneath the historic mine, potentially unveiling a major copper-gold system. The successful completion of this phase could lead to an initial Mineral Resource estimation, enhancing Ballymore’s exploration footprint and strategic positioning in the Queensland mining sector. Previous drilling results have shown promising gold intersections, and the new campaign could significantly impact resource estimates and investor confidence.
More about Ballymore Resources Limited
Ballymore Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources, primarily gold and copper. The company is actively involved in projects in Queensland, Australia, aiming to leverage historic sites for new mineral exploration.
YTD Price Performance: 4.17%
Average Trading Volume: 100,704
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$22.09M
See more data about BMR stock on TipRanks’ Stock Analysis page.
