Ballymore Resources (ASX:BMR) has initiated a 1,000m reverse circulation (RC) drilling program over 10 holes at its Cedar Ridge prospect at the Dittmer Gold Project near Proserpine in North Queensland. The Cedar Ridge prospect, located 20km south of the Dittmer mine, is part of the same mineralised system and is considered under-explored.
The Dittmer area has huge regional potential, and it features extensive high-grade historic workings such as the Cedar Ridge Mine which lies within the Mount Hector Goldfield. We are hoping to carry across our success at Dittmer to the nearby, significant historic mine at Cedar Ridge. Our early Dittmer regional field work identified this target, and our follow up mapping, rock chip and soil sample surveys have confirmed its prospectivity. This particular target represents a set of sheeted quartz veins and we believe it has the potential to host a bulk tonnage gold deposit. This target also forms part of a major magnetic anomaly, which may point to an even larger mineralised system. The ongoing work programs at Dittmer and Cedar Ridge continue to reinforce our view that the Dittmer project is host to a major gold-copper system.
Ballymore Resources (ASX:BMR) has commenced a significant drilling program at the Cedar Ridge prospect, aiming to explore the under-explored gold-copper mineralised system near the Dittmer mine. The company's strategy of targeting under-explored opportunities in close proximity to significant historic mines has been successful, with the Dittmer project yielding positive results. The current program is expected to take two weeks and will target historic workings, significant mapped veins, and geochemical anomalies in the local area. Ballymore's Managing Director, Mr David A-Izzeddin, expressed optimism about the potential of the Cedar Ridge prospect, highlighting its sheeted quartz veins and the possibility of hosting a bulk tonnage gold deposit. The company's ongoing work programs at Dittmer and Cedar Ridge reinforce their view that the Dittmer project hosts a major gold-copper system. With a well-funded exploration program and upcoming milestones, Ballymore Resources is poised for further developments in its exploration and drilling activities.