Ballymore Resources (ASX:BMR) Dittmer Project Update

Ballymore Resources (ASX:BMR) has extended the footprint of the Dittmer Gold Project's mineralised zone in north Queensland. The company's first surface drill holes at the Dittmer Project have substantially extended the deposit's footprint, with significant intersections indicating the extension of the Duffer lode structure and high-grade mineralisation. The drill results also revealed previously unrecognised veining in the Dittmer and Loch Neigh areas, demonstrating the potential of the region. Ballymore's Managing Director, Mr David A-Izzeddin, expressed optimism about the ongoing drilling and prospecting activities, highlighting the potential transformational impact on identifying the next major gold system in Queensland.

Executive Commentary

The Dittmer Project continues to deliver. Our first step out surface drill holes have intersected the bonanza Duffer lode structure and extended the high-grade mineralisation previously encountered around the Dittmer mine. We now have intersected the Duffer lode over 530m and are starting to define a significant footprint for this rich gold-bearing structure. Prospecting in the local area has also located further gossanous vein material in the Dittmer and Loch Neigh areas and returned the highest rock chip results ever reported at Dittmer. Our drilling and prospecting results, as well as the drilling that is currently happening in parallel at Cedar Ridge, 20km south of Dittmer mine, could be transformational in identifying the next major gold system in Queensland.

Summary of Dittmer Project Update

Ballymore Resources (ASX:BMR) has reported significant extensions to the Dittmer Project's mineralised zone, with drill intersections now reported over a 530m strike length, indicating the extension of the Duffer lode structure and high-grade mineralisation. The company's ongoing drilling and prospecting activities in the Dittmer and Loch Neigh areas have demonstrated the significant potential of the region. With the completion of the preliminary Cedar Ridge drilling program and the receipt of further Dittmer surface drilling assay results expected in October 2024, Ballymore Resources remains optimistic about the identification of the next major gold system in Queensland. The company's successful capital raise in March 2024 has enabled a major exploration program, positioning Ballymore Resources for further milestones and activities in the coming months.