Ballymore Advances Torpy's Discovery with New Drilling and Gravity Targets

Drilling Extends High-Grade Silver-Lead-Zinc System at Torpy's

Ballymore Resources (ASX:BMR) has paused its latest drilling campaign at Torpy's after completing 22 reverse circulation holes totalling 2,673 metres, reinforcing the continuity of its growing silver-lead-zinc-indium discovery near Chillagoe in North Queensland. Visual logging from recent holes reveals strong sulphide mineralisation, with intervals such as 17m at 2% galena and 3% sphalerite from 15m in hole BTPRC022, including a 1m section grading up to 10% galena and 15% sphalerite.

The drilling program builds on Ballymore's 2025 success, which included standout intersections like 23m at 215.6 g/t silver and 8.55% lead from 130m depth, highlighting the project's potential scale. The current campaign also covered Little Torpy's, located 600m south of Torpy's, where recent holes intersected significant mineralisation such as 22m at 4% galena and 5% sphalerite from 34m in hole BTPRC030.

Gravity Survey Uncovers New Targets Across Ruddygore Corridor

Complementing the drilling results, Ballymore's recently completed high-resolution ground gravity survey over the 32-kilometre Ruddygore mineral corridor identified multiple compelling anomalies beyond the current drill footprint. The survey, which included nearly 2,000 stations with detailed coverage at Torpy's and other prospects like MAN03 and Armada East, is now feeding into three-dimensional modelling to prioritise targets for the next exploration phase.

This integrated approach aims to maximise drilling effectiveness by focusing on high-confidence targets, rather than solely extending the known mineralisation at Torpy's. The company expects to resume drilling following the completion of this modelling, setting the stage for a busy exploration period.

Field Mapping Reveals Historic Workings and High-Grade Rock Chips

Field teams continue to uncover previously unrecognised historic workings around Torpy's, with rock chip samples returning impressive grades, including up to 288.8 g/t silver and 12.46% lead. These findings suggest the mineral system extends well beyond the areas currently drilled, supporting Ballymore's view of a larger, robust silver-lead-zinc system in the region.

Such surface sampling complements the drilling and geophysical data, reinforcing the potential for significant mineralisation extensions and new discoveries within the Ruddygore Project.

Upcoming Catalysts and Strategic Exploration Plans

Ballymore anticipates a steady flow of news in the coming months as assay results from the recent drilling become available alongside final gravity modelling outcomes. These data points will underpin follow-up drilling campaigns and further fieldwork aimed at testing newly identified mineralised shoots and targets.

The company has outlined an ambitious 2026 work program, including commencement of a CEI-funded magnetotelluric survey at Dittmer, development of underground access, and a Stage 6 drill program at the Dittmer gold project. Meanwhile, at Ruddygore, the focus remains on integrating multiple datasets to unlock the full potential of the corridor's diverse mineral systems.

Managing Director David A-Izzeddin emphasised that Torpy's is rapidly emerging as one of Queensland's most exciting silver-lead-zinc discoveries, with multiple avenues for growth and value creation for shareholders.