High-Grade Intercepts at Torpy’s Raise Questions on Deposit Scale and Depth

Record High-Grade Intercept at Torpy’s

Ballymore Resources (ASX, BMR) has unveiled its most impressive assay results to date from the Torpy’s drilling program in north Queensland’s Chillagoe region. Drill hole BTPRC005 intersected a remarkable 23 metres grading 215.6 grams per tonne (g/t) silver and 8.55% lead starting at 130 metres depth. Within this interval, a 7-metre section delivered an extraordinary 650.7 g/t silver and 25.37% lead, accompanied by notable zinc and indium values.

These results not only confirm the visual estimates made during drilling but also establish a new benchmark for the project’s mineralisation, underscoring the potential scale and richness of the deposit. The presence of indium, a critical metal for emerging technologies, adds an intriguing dimension to the resource’s value proposition.

Expanding the Prospect with Little Torpy’s

Adding to the excitement, Ballymore’s inaugural drill hole at the nearby Little Torpy’s prospect, located 600 metres south of the main Torpy’s workings, has returned significant mineralisation with 25 metres averaging 5.5% galena (lead ore) and 5.5% sphalerite (zinc ore). This discovery reinforces the structural model that controls mineralisation across the area and suggests multiple high-grade shoots may be present within the broader Torpy’s system.

Follow-up drilling at Little Torpy’s is underway, with assay results for additional holes expected soon, promising to shed further light on the extent and continuity of mineralisation.

Advanced Exploration Techniques and Next Steps

Ballymore has also completed its first diamond drill hole at Torpy’s, aimed at providing detailed structural information critical for resource modelling. Complementing this, downhole electromagnetic (EM) surveys are being conducted to identify conductive zones that may indicate extensions of massive sulphide mineralisation or new lenses nearby.

These geophysical tools, combined with the high-grade assay results, position Ballymore to strategically plan follow-up drilling once weather conditions improve, targeting both extensions of known mineralisation and new discoveries.

Broader Project Context and Outlook

The Torpy’s prospect forms part of Ballymore’s extensive Ruddygore Project portfolio, which includes several historically mined areas with potential for multi-element deposits. The company is advancing multiple fronts, including drilling at Seventy Mile Mount and underground development at Dittmer, aiming to capitalise on the current metals price environment.

Managing Director David A-Izzeddin emphasised the significance of the results, noting the potential for the silver-lead-zinc mineralisation to transition into copper-gold systems at depth, a hallmark of the region’s complex geology. With a well-funded exploration program planned for 2026, Ballymore is poised to unlock further value from its Queensland assets.