Ballymore Launches Gravity Survey to Sharpen Ruddygore Drill Targets

Gravity Survey Targets Blind Massive Sulphides

Ballymore Resources (ASX:BMR) has commenced a high-resolution ground gravity survey over a 32-kilometre mineralised corridor at its Ruddygore Project near Chillagoe, North Queensland. The survey aims to enhance subsurface geological understanding and refine drill targets for large-scale silver-lead-zinc and skarn-porphyry systems, including the high-grade Torpy’s prospect. Funded by two Queensland Government Collaborative Exploration Initiative grants totalling A$383,000, the program underscores government support for unlocking Queensland’s mineral potential.

Survey Design to Accelerate Targeting

The gravity survey, conducted by DAISHSAT Geodetic Surveyors, involves 618 stations spaced on a 500-metre grid along the corridor, complemented by 879 detailed infill stations over priority areas such as Torpy’s, MAN03, Eleventh, and Armada East. These targets are known for skarn and massive sulphide mineralisation, which produce strong density contrasts detectable by gravity methods. Ballymore’s Managing Director David A-Izzeddin emphasised the integration of gravity data with existing electromagnetic datasets as a “powerful exploration toolkit” to identify blind deposits while reducing exploration risk.

The survey is expected to be completed within three weeks, with rapid data modelling to accelerate drilling campaigns. This approach builds on Ballymore’s ongoing drilling at Torpy’s, where recent results have confirmed multiple high-grade lead-zinc shoots, supporting the prospect’s scale potential and positioning it as a significant emerging silver-base metal system in Queensland. The company has resumed a 3,000-metre reverse circulation drilling program at Torpy’s, following a weather-induced pause, with assay results expected progressively after June completion of drilling 3,000m reverse circulation drilling resumed at Torpy’s.

Multiple Targets Across a Rich Mineral Corridor

Beyond Torpy’s, Ballymore is targeting several compelling prospects. MAN03 hosts extensive skarn alteration and hydrothermal breccias coincident with a complex magnetic anomaly, with rock chips showing anomalous silver, copper, lead, and zinc. Armada East features a large doughnut-shaped magnetic anomaly with historic workings and polymetallic soil anomalies. Eleventh shares geological similarities with the historic Red Dome mine, with elevated gold, silver, bismuth, and copper values recorded in rock chips.

These targets sit within the Chillagoe District, an area with a rich history of mining and exploration encompassing porphyry copper-gold, skarn-hosted copper-gold-lead-zinc, sediment-hosted massive sulphide, and intrusive-related gold systems. Ballymore’s methodical application of modern geophysical and geochemical techniques aims to unlock new bulk tonnage deposits in this underexplored region.

Capital Raise and Development Plans Parallel Exploration

To support its aggressive exploration and development agenda, Ballymore is finalising a capital raise expected to close in June. The funds will underpin ongoing programs at Ruddygore and other projects, including the flagship Dittmer Gold Project near Proserpine. At Dittmer, Ballymore is progressing underground development and preparing for a 3,000-metre drill program in Q2 2026, aiming for a maiden Mineral Resource Estimate later in the year Ballymore Resources Raises $3.24M.

This multi-pronged approach; combining high-resolution geophysics, systematic drilling, and strategic capital management; positions Ballymore to advance its Queensland portfolio through key milestones in 2026.