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Ballymore Resources (ASX: $BMR) delivers high-grade gold results

Ballymore Resources (ASX: $BMR) Stage 4 Drilling Update


Ballymore Resources (ASX: $BMR) has reported significant high-grade gold intersections from the first five holes of the Stage 4 underground drilling program at the Dittmer mine. The program, currently 75% complete, has confirmed the continuity and exceptional grades of the Duffer Lode structure, with all holes to date intersecting gold mineralisation. The company's Technical Director, Mr David A-Izzeddin, expressed confidence in the quality of the Duffer Lode and highlighted the potential for a significant gold and copper system at the Dittmer project.

Executive Commentary on Stage 4 Drilling Results


These are outstanding drill results that give us great confidence in the quality of the Duffer Lode. Stage 4 was designed to infill previous drilling to confirm the lode's continuity and exceptional grades, and it has delivered. The lode remains open at depth, and the Company is preparing to undertake the next exciting phase to determine the lateral extent of this exciting discovery. Our upcoming step-out drilling program will be the first major surface drilling program completed at Dittmer and will test the significant potential for strike extensions to the old mine area, as demonstrated by the large geochemical footprint and presence of high-grade historic surface workings over more than 2km, which have never been drilled previously. Ballymore is well-funded and has a busy year ahead, testing the Dittmer project as well as our other exciting projects. These new drill results continue to demonstrate the potential for the Dittmer project to host a significant gold and copper system.

Summary of Stage 4 Drilling Program and Outlook


Ballymore Resources (ASX: $BMR) has made significant progress with the Stage 4 underground drilling program at the Dittmer mine, confirming the continuity and exceptional grades of the Duffer Lode structure. The high-grade gold intersections from the initial drill holes have provided confidence in the quality of the lode and highlighted the potential for a significant gold and copper system at the Dittmer project. The company is well-funded and has outlined a busy year ahead, including completing the Stage 4 program, conducting a preliminary surface drilling program, and participating in key industry events. With mineralisation remaining open at depth and along strike, Ballymore is poised to further explore the potential scale of the system and test the lateral extent of this exciting discovery.

BALLYMORE RESOURCES LIMITED
BMR | ASX | Materials
0.160(+0%)
At close 05/07 (AEDT)
Market cap
$28.3M
Volume
62,332
DY Yield
0
PE Ratio
0
52 Week Range
0.085 - 0.22
1YR Return
N / A

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