Ballymore Step-Out Hit Confirms Scale Potential at Torpy’s Silver-Lead-Zinc Project

Ballymore Resources Limited ( (AU:BMR) ) has shared an announcement.

Ballymore Resources has reported strong assay results from its first step-out drill hole at the Little Torpy’s prospect, located 600 metres south of the main Torpy’s workings in north Queensland, confirming a broad, shallow silver-lead-zinc intersection. The hole (BTPRC007) returned 30 metres at 58.4 g/t silver, 4.29% lead and 3.70% zinc from 22 metres, including a higher-grade 6-metre zone at 153.0 g/t silver, 10.24% lead and 8.56% zinc, supporting the company’s interpretation that the greater Torpy’s area may host multiple high-grade ore lenses and represents a project of significant scale; Ballymore has already identified several additional structurally similar targets and plans follow-up drilling once weather conditions allow, potentially enhancing the project’s development prospects and the company’s position in the regional base metals sector.

The most recent analyst rating on (AU:BMR) stock is a Hold with a A$0.32 price target. To see the full list of analyst forecasts on Ballymore Resources Limited stock, see the AU:BMR Stock Forecast page.

More about Ballymore Resources Limited

Ballymore Resources Limited (ASX:BMR) is an Australian mineral exploration company focused on base and precious metal projects, including silver, lead and zinc, with key exploration activities centred around the Torpy’s target near Chillagoe in north Queensland.

Average Trading Volume: 300,713

Technical Sentiment Signal: Buy

Current Market Cap: A$64.15M

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