Ballymore Resources has significantly extended its Torpy’s silver-lead-zinc-indium discovery in North Queensland, identifying four new mineralised shoots beyond the historic mine area through recent drilling. With assays pending and multiple targets open, the Ruddygore Project’s potential continues to grow.
- Ten new drill holes reveal four additional high-grade mineralised shoots
- Visual estimates show strong galena and sphalerite mineralisation at shallow depths
- Discovery footprint expands beyond historic Torpy’s mine area
- Assay results and gravity survey data expected soon
- Multiple untested structural targets remain across Ruddygore
Multiple High-Grade Shoots Confirmed at Torpy’s
Ballymore Resources (ASX:BMR) is rapidly expanding its footprint at the Torpy’s silver-lead-zinc-indium discovery within the Ruddygore Project near Chillagoe, North Queensland. A recent reverse circulation drilling campaign comprising ten holes has intersected significant sulphide mineralisation, visually confirming multiple high-grade shoots well beyond the historic mine boundaries.
Visual logging from holes such as BTPRC017 and BTPRC018 reports intervals with up to 17% galena (lead ore) and 20% sphalerite (zinc ore) from shallow depths around 27 to 49 metres. These strong sulphide intersections reinforce Ballymore’s view of Torpy’s as a robust, multi-shoot mineral system rather than a single isolated body.
Discovery Footprint Broadens with New Mineralised Shoots
Drilling has identified at least five separate mineralised shoots across the Torpy’s system, including the original historic shoot, substantially increasing the scale potential of the discovery. The recent campaign targeted up-dip extensions and new structures beyond the historic mine, successfully demonstrating mineralisation continuity and adding new zones.
Notable visual estimates include 9 metres at 10% galena and 13% sphalerite from 49 metres in BTPRC017, and 18 metres at 5% galena and 6% sphalerite starting at 27 metres in BTPRC018. These shallow, high-grade zones are particularly encouraging for future resource development.
Pending Assays and Gravity Survey to Guide Next Steps
While visual estimates provide a strong early indication, Ballymore awaits laboratory assay results from the current drilling program expected imminently. These will be critical to confirm grades and support resource modelling. Concurrently, a CEI-funded semi-regional gravity survey across the Ruddygore corridor is underway, aiming to refine targeting and identify further mineralised shoots.
Managing Director David A-Izzeddin highlighted the ongoing exploration momentum: “Torpy’s is emerging as a significant new silver-lead-zinc discovery with multiple high-grade shoots across a growing footprint. With assays due shortly and gravity data providing additional targeting, we are entering an exciting phase of exploration.”
Ruddygore’s Diverse Deposit Styles and Exploration Potential
The Ruddygore Project encompasses a variety of deposit styles including porphyry copper-gold, skarn-hosted copper-gold-lead-zinc, sediment-hosted massive sulphide lead-zinc-silver, and intrusive-related gold systems. Ballymore’s systematic application of modern exploration tools is unlocking new prospects in this historically productive but under-explored district.
Beyond Torpy’s, the nearby Little Torpy’s prospect has returned rock-chip samples with up to 287.6 g/t silver and 24.1% lead, with initial drilling confirming significant mineralisation. This underscores the district-scale potential Ballymore is targeting across its 556 km2 tenement package.
Capital Raising Supports Aggressive Exploration Push
In early June, Ballymore completed a $1.5 million placement to fund ongoing drilling and geophysical surveys at Ruddygore and other Queensland projects. This injection of capital supports the company’s planned work programs through 2026, including completing the current Torpy’s RC drilling and advancing exploration at its flagship Dittmer gold project.
With mineralisation at Torpy’s remaining open in multiple directions and numerous structural targets yet to be tested, Ballymore’s near-term catalysts include assay releases, gravity survey results, and additional drilling campaigns that could further expand this high-grade discovery.
Bottom Line?
Ballymore’s expanding discovery at Torpy’s is shaping up as a multi-shoot silver-lead-zinc system with assays and geophysical data poised to unlock further growth potential.
Questions in the middle?
- Will upcoming assay results confirm the visual estimates and support a maiden resource?
- How will gravity survey data refine targeting and influence drill planning across Ruddygore?
- What is the potential scale of mineralisation beyond the currently identified shoots?