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The latest announcement is out from Ballymore Resources Limited ( (AU:BMR) ).
Ballymore Resources Limited has announced promising results from its drilling activities at the Torpy’s and Little Torpy’s prospects near Chillagoe in north Queensland. The company reported significant mineralization, including high-grade silver-lead-zinc-indium deposits, which suggest a substantial potential for resource development in the area. The discovery at Little Torpy’s marks the first drilling at this location, revealing a broad intersection of valuable minerals. The company plans to continue its exploration efforts with additional drilling and geophysical surveys, indicating a busy and potentially lucrative year ahead for Ballymore Resources.
More about Ballymore Resources Limited
Ballymore Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include silver, lead, zinc, indium, copper, and gold, with a market focus on commodity markets, particularly in regions like north Queensland.
Average Trading Volume: 215,387
Technical Sentiment Signal: Buy
Current Market Cap: A$52.75M
See more insights into BMR stock on TipRanks’ Stock Analysis page.