Dittmer Drilling Yields 221g/t Gold Bonanza in Stage 5 Campaign

Bonanza Grades Confirm Ballymore’s Exploration Model

Ballymore Resources (ASX, BMR) has delivered a standout update from its Dittmer Project near Proserpine in north Queensland, revealing some of the highest-grade gold intersections recorded to date. The recently completed Stage 5 drilling campaign has produced a spectacular bonanza-grade intercept of 221.31 grams per tonne (g/t) gold over 0.4 metres within a broader 6.6-metre zone averaging 13.67 g/t gold. This remarkable result validates Ballymore’s updated geological model, which anticipates continuous high-grade mineralisation extending beyond the historic Dittmer mine workings.

Extending the High-Grade Lode and Unlocking Depth Potential

The drilling program has confirmed that the high-grade lode structure, historically mined between 1935 and 1951, persists and broadens to the south and at depth. Notably, drill holes DTDD056 and DTDD057 intercepted significant quartz-sulphide veins with strong gold, silver, and copper grades, reinforcing the prospect of a broadening high-grade shoot. Ballymore’s Managing Director, David A-Izzeddin, highlighted that every hole drilled so far has intersected the lode-bearing structure, underscoring the continuity of the mineralised system.

Targeting a Porphyry Source, A Potential Game-Changer

Looking ahead, Ballymore is preparing to commence a deep diamond drill hole targeting a large, pipe-like magnetic anomaly located approximately 400 metres beneath the historic mine. This target, supported by a $250,000 grant from the Queensland Government’s Competitive Exploration Initiative (CEI), is interpreted as a potential porphyry copper-gold system that could be the source of the near-surface high-grade mineralisation. If successful, this discovery could significantly enhance the scale and economic prospects of the Dittmer Project.

Strategic Underground Development and Resource Definition

To facilitate ongoing exploration, Ballymore plans to extend the existing underground drives, enabling low-cost drilling access to the southern extensions of the deposit identified in recent surface campaigns. The current focus remains on infill drilling to support an initial Mineral Resource estimate and preliminary mining scoping studies. The company’s approach of underground drilling minimizes surface disturbance in the steep and heavily vegetated terrain, while also reducing drilling depths and costs.

Broader Regional Potential and Future Work

Beyond the immediate Dittmer area, Ballymore has identified multiple geochemical and magnetic anomalies across its tenements, including the Loch Neigh and Jim’s prospect areas, which remain largely unexplored by modern methods. The company’s comprehensive exploration strategy for 2025 includes further drilling results from Stage 5, commencement of the deep porphyry drill hole, and additional geophysical surveys. With gold prices trading above A$5,100 per ounce, Ballymore is well positioned to advance its portfolio in one of Australia’s most prolific mineral belts.