Step-Out Drill Hole Returns 30m at 58.4g/t Silver, 4.29% Lead, 3.7% Zinc

Step-Out Drilling Validates Ballymore’s Exploration Model

Ballymore Resources (ASX – BMR) has delivered a compelling update from its Ruddygore Project in north Queensland, confirming significant silver-lead-zinc mineralisation well beyond the historic Torpy’s workings. The company’s first step-out drill hole at the Little Torpy’s prospect, located some 600 metres south of the main Torpy’s mine, intersected a broad zone of high-grade base metals, reinforcing the potential scale of the mineral system.

Drill hole BTPRC007 returned a standout intersection of 30 metres grading 58.4 grams per tonne (g/t) silver, 4.29% lead, and 3.70% zinc starting at just 22 metres depth. Within this broad zone, higher-grade intervals included 6 metres at 153 g/t silver, 10.24% lead, and 8.56% zinc, highlighting the presence of multiple stacked ore lenses. The shallow depth of mineralisation bodes well for future development scenarios.

Expanding the Footprint of a Multi-Lens System

These results validate Ballymore’s geological model that envisages a complex system of structurally controlled mineralised shoots extending across the greater Torpy’s area. The confirmation of high-grade mineralisation at Little Torpy’s, a previously untested target, suggests the system is more extensive than historical workings indicated. Ballymore’s Managing Director, David A-Izzeddin, emphasised the significance of this step-out hole as evidence of the project’s scale potential and the likelihood of multiple high-grade zones within the district.

Importantly, the company has already identified several additional targets with similar structural characteristics, setting the stage for an aggressive follow-up drilling campaign once weather conditions improve. This systematic approach aims to delineate further mineralised zones and build a comprehensive resource base.

Context Within the Ruddygore Project

The Torpy’s and Little Torpy’s prospects form part of Ballymore’s broader Ruddygore Project, which covers a historically mineral-rich area near Chillagoe. The project hosts a variety of deposit styles, including porphyry copper-gold, skarn, and sediment-hosted massive sulphide deposits. Ballymore’s ongoing exploration integrates modern geophysical surveys and drilling techniques to unlock the potential of these underexplored targets.

Previous drilling at Torpy’s has also yielded impressive results, including intervals grading over 600 g/t silver and 25% lead, underscoring the district’s high-grade nature. Ballymore’s current program includes both reverse circulation and diamond drilling, with a focus on expanding known mineralisation and testing new targets.

Looking Ahead

With assay results from a follow-up hole at Little Torpy’s (BTPRC008) expected soon, and additional geophysical surveys planned, Ballymore is positioning itself to rapidly advance the project. The company’s methodical exploration strategy and strong early results have the potential to reshape the understanding of the Torpy’s mineral system and its economic prospects.