Ballymore Resources reports significant progress in Queensland with high-grade gold and silver-lead-zinc discoveries, advancing underground development and preparing for new drilling campaigns.
- High-grade gold intersections at Dittmer with underground development underway
- Exceptional silver-lead-zinc-indium mineralisation at Torpy’s prospect
- Large copper-gold porphyry target identified at Andromache via IP survey
- Drilling commenced at Maniopota skarn and Seventy Mile Mount breccia targets
- Company holds $2.4 million cash with $1.78 million spent on exploration this quarter
Strong Drilling Results at Dittmer Gold Project
Ballymore Resources has delivered a series of impressive drilling results at its flagship Dittmer Project in Central Queensland. The company’s Stage 5 drilling program has identified high-grade gold mineralisation, including spectacular intercepts such as 0.8 metres at 48.17 grams per tonne gold. These results confirm the presence of south-plunging high-grade shoots that appear to thicken with depth, reinforcing the potential for a significant underground resource.
In response, Ballymore is advancing underground development works to improve access to historic workings, enabling safer and more efficient drilling. This development will also facilitate trial mining and bulk sampling, critical steps toward a potential mine restart. Approximately 3,000 metres of drilling is planned for the next phase, expected to commence in the second quarter of 2026, with underground drilling reducing surface disturbance and lowering costs.
Torpy’s Prospect Yields Exceptional Silver-Lead-Zinc-Indium Grades
At the Ruddygore Project near Chillagoe, Ballymore’s drilling at the Torpy’s prospect has intersected remarkable massive sulphide mineralisation. Highlights include a 10-metre interval grading 483.2 grams per tonne silver, 19.35% lead, 2.82% zinc, and 16.5 grams per tonne indium. These results represent some of the highest-grade silver-lead-zinc mineralisation encountered in the region and suggest a structurally controlled mineralised shoot plunging southward.
Further drilling at the nearby Little Torpy’s target has confirmed similar mineralisation styles, with assays pending. Downhole electromagnetic surveys are underway to refine targeting and identify additional mineralised lenses. The polymetallic nature of the system, including notable gold and copper values, hints at a larger mineralised system at depth, warranting continued exploration.
New Porphyry Target at Andromache and Ongoing Exploration
Ballymore’s induced polarisation survey at the Andromache prospect, located 20 kilometres south of Dittmer, has delineated significant chargeable anomalies consistent with a large copper-gold porphyry system. The strongest anomaly lies 900 metres east of the historic open pit and remains untested by drilling. Ballymore plans to commence drilling in the first half of 2026 to test these promising targets.
Meanwhile, drilling has also started at the Maniopota skarn target and the Seventy Mile Mount breccia pipe gold prospect within the Ravenswood Project. Early results indicate broad zones of mineralisation, with assays expected soon. These projects add to Ballymore’s growing portfolio of high-quality targets across prolific Queensland mineral belts.
Financial Position and Outlook
As of 31 December 2025, Ballymore Resources held $2.4 million in cash, having spent $1.78 million on exploration activities during the quarter. The company’s expenditure was focused primarily on drilling and development at Dittmer and Ruddygore, with additional work at Ravenswood and Mount Molloy. Ballymore’s board remains confident in its ability to fund ongoing operations, noting a history of successful capital raises if required.
With multiple high-grade discoveries and promising exploration targets advancing toward drilling, Ballymore is positioning itself for a pivotal year ahead. The upcoming assay results and underground development milestones will be key indicators of the company’s potential to transition from exploration to development.
Bottom Line?
Ballymore’s Queensland projects are gaining momentum, but upcoming assay results and funding needs will be critical to watch.
Questions in the middle?
- Will Ballymore’s underground development at Dittmer support a viable mine restart?
- How extensive is the polymetallic system at Torpy’s, and what is its economic potential?
- Will drilling at Andromache confirm the presence of a significant copper-gold porphyry deposit?