Seventy Mile Mount Drilling Targets Bulk-Tonnage Gold with 1,000m Program
Ballymore Resources has initiated a 1,000m diamond drilling program at the Seventy Mile Mount breccia pipe within its Ravenswood Project, aiming to unlock bulk-tonnage gold mineralisation at depth. This follows promising historic and recent drill results indicating improving gold grades below shallow intersections.
- 1,000m diamond drilling commenced at Seventy Mile Mount breccia pipe
- Historic drilling shows broad gold intersections with grades increasing at depth
- Seventy Mile Mount shares geological traits with Mount Leyshon and Mount Wright mines
- Development activities progressing at Dittmer; Ruddygore drilling imminent
- Drilling results expected between December 2025 and January 2026
Exploration Momentum at Ravenswood
Ballymore Resources (ASX – BMR) has kicked off a significant follow-up diamond drilling campaign targeting the Seventy Mile Mount breccia pipe gold prospect, part of its broader Ravenswood Project in northeast Queensland. The 1,000-metre program aims to test bulk-tonnage gold mineralisation at depth, building on encouraging historic and recent drilling results that revealed broad, shallow gold zones with grades that appear to improve as drilling extends deeper.
A Target with Proven Neighbours
Seventy Mile Mount lies within the highly prospective Mount Leyshon Corridor, a geological belt known for hosting significant breccia pipe gold deposits. Notably, the nearby Mount Leyshon mine produced approximately 3.5 million ounces of gold and 2.2 million ounces of silver between 1986 and 2002, while the Mount Wright mine yielded over 600,000 ounces of gold. Ballymore’s Managing Director, David A-Izzeddin, highlighted the geological similarities between Seventy Mile Mount and these established mines, underscoring the potential scale and quality of the target.
Encouraging Drill Results to Date
Previous drilling at Seventy Mile Mount has identified a secondary hydrothermal breccia on the margin of the main breccia pipe, with notable intersections such as 40 metres at 1.06 grams per tonne gold, including a higher-grade 3-metre interval at 9.38 grams per tonne. Historic drill holes have reported broad, shallow gold mineralisation, with grades improving at depth; for example, 47 metres at 1.95 grams per tonne gold, including 4 metres at 12.4 grams per tonne. These results suggest a robust gold system that remains largely untested below 100 metres, which the current drilling program aims to explore.
Broader Project Activity and Outlook
Alongside the Seventy Mile Mount drilling, Ballymore is advancing development works at its flagship Dittmer gold project, focusing on establishing modern access to historic workings and trial mining opportunities. Additionally, drilling at the Ruddygore Project is scheduled to commence shortly, reflecting the company’s multi-pronged approach to exploration and development in the region. The company expects to complete the Seventy Mile Mount drilling by November, with assay results anticipated between December 2025 and January 2026.
Strategic Implications
The ongoing exploration at Seventy Mile Mount could significantly enhance Ballymore’s resource base if deeper drilling confirms the presence of higher-grade gold mineralisation at depth, akin to the nearby Mount Wright deposit. Given the historical production and geological context, the project holds promise for a substantial bulk-tonnage gold system. Investors will be watching closely for assay results that could validate the conceptual targets and potentially reshape Ballymore’s valuation and development trajectory.
Bottom Line?
As Ballymore drills deeper into Seventy Mile Mount, the next results could redefine the scale of gold potential in the Ravenswood corridor.
Questions in the middle?
- Will the deeper drilling confirm higher-grade gold mineralisation consistent with Mount Wright?
- How might positive results impact Ballymore’s resource estimates and project valuation?
- What are the timelines and potential scale for development if the drilling confirms a significant deposit?
