New Mineralised Zone at Little Torpy’s Raises Questions on Resource Scale

Exploration Breakthrough at Torpy’s

Ballymore Resources (ASX, BMR) has unveiled promising results from its latest drilling campaign at the Torpy’s prospect, part of the Ruddygore Project near Chillagoe in north Queensland. The company’s recent reverse circulation drilling has intersected significant high-grade silver, lead, zinc, and indium mineralisation, reinforcing the prospect’s potential as a shallow polymetallic deposit.

Highlighting the success, drill hole BTPRC004 returned an impressive 15 metres grading 124.1 grams per tonne silver, 6.55% lead, 6.69% zinc, and 7.3 grams per tonne indium starting from 101 metres depth. Within this interval, a 5-metre section boasted even higher grades, including 280.6 g/t silver and 15.47% lead. Individual one-metre samples from this hole reached exceptional assays of up to 415.88 g/t silver and over 20% zinc, underscoring the richness of the mineralisation.

New Zone Discovered at Little Torpy’s

Adding to the excitement, Ballymore completed its inaugural drill hole at the nearby Little Torpy’s prospect, located approximately 600 metres south of the main Torpy’s workings. This first-ever drilling at Little Torpy’s intersected a broad zone of mineralisation with 25 metres averaging 5.5% galena (lead ore) and 5.5% sphalerite (zinc ore) from just 23 metres downhole. This discovery confirms the presence of a structurally similar mineralised system and opens up a new target area within the project.

Strategic Follow-Up and Broader Exploration

To build on these encouraging results, Ballymore has mobilised a downhole electromagnetic (EM) survey at Torpy’s. This geophysical work aims to identify extensions to the known massive sulphide lenses and detect off-hole conductors that may represent undiscovered mineralised zones. The company also plans to commence diamond drilling at Torpy’s to gain a more detailed understanding of the mineralisation’s nature and structural controls.

Meanwhile, Ballymore is preparing to initiate drilling at the Maniopota prospect, located 12 kilometres west-northwest of Torpy’s. Maniopota is a polymetallic skarn target with historic workings and high-grade rock chip samples, including notable copper, lead, zinc, gold, and silver values. This broader exploration program is part of Ballymore’s systematic approach to unlocking the potential of the Ruddygore Project and its surrounding assets.

Implications for Ballymore’s Growth Story

Managing Director David A-Izzeddin emphasised the significance of the findings amid strong commodity markets, particularly with silver prices recently surpassing US$60 per ounce. The combination of high-grade assays, structural geological understanding, and expanding exploration targets positions Ballymore well for advancing its portfolio. The company’s ongoing programs at Torpy’s, Little Torpy’s, Maniopota, and other projects like Seventy Mile Mount and Dittmer signal a busy and potentially transformative 2026.