Ballymore Extends High-Grade Torpy's Silver-Lead-Zinc Discovery

New Drilling Extends High-Grade Mineralisation at Torpy's

Ballymore Resources (ASX:BMR) has delivered compelling assay results from the first two holes of its latest 22-hole drilling campaign at the Torpy's discovery within the Ruddygore Project near Chillagoe, North Queensland. The initial assays confirm broad zones of massive sulphide mineralisation with high-grade silver, lead, zinc, and indium, extending known mineralisation closer to surface and reinforcing the company's emerging model of multiple high-grade shoots.

Highlights include a 14m intercept grading 76.6 g/t silver, 3.43% lead, 2.32% zinc, and 3.7 g/t indium from 76m in hole BTPRC010, with a standout 3m section hitting 249.6 g/t silver and over 12% lead. Meanwhile, BTPRC011 returned 29m at 71.3 g/t silver, 3.64% lead, 2.19% zinc, and 7.1 g/t indium from 105m, including a 13m interval grading 104.9 g/t silver and 13.27 g/t indium. Individual samples reached up to 434.4 g/t silver and 27.09% lead, underscoring the discovery's potential.

Emerging High-Grade Shoot Model Supported by Drilling and Surveys

These results build on Ballymore's maiden drilling campaign in late 2025, which included a standout 23m intercept at 215.6 g/t silver and 8.55% lead (BTPRC005). The recent holes targeted up-dip extensions of mineralised lenses and intersected massive to semi-massive sulphide mineralisation dominated by galena and sphalerite, key ores for lead and zinc respectively.

Alongside drilling, Ballymore's gravity surveys, mapping, and rock-chip sampling continue to identify new targets across the greater Torpy's district. The company's gravity survey covered a 32km corridor and included a detailed 25m by 25m station spacing over the mine area, revealing multiple anomalies that align with historic workings and high-grade mineralisation.

Historic Context and Exploration Potential

Torpy's Crooked Creek mine, discovered in 1904, historically produced around 84,000 ounces of silver and 920 tonnes of lead from approximately 6,000 tonnes of ore between 1912 and 1914, with average grades of roughly 435 g/t silver and 15.3% lead. Despite these exceptional grades, modern exploration has been limited until Ballymore's recent programs.

Ballymore's geological model suggests mineralisation is concentrated within high-grade shoots at the intersection of major fault structures. The shallow nature of mineralisation, exceptional grades, and growing inventory of drill targets support the potential to expand the mineralised footprint and progress towards a Mineral Resource Estimate.

Ongoing Drilling and Future Catalysts

With assay results pending for 20 additional drill holes, including visual estimates indicating significant galena and sphalerite mineralisation in several holes, Ballymore is poised to further delineate the extent of the Torpy's system. The company also plans to integrate final gravity and magnetotelluric survey data into its models by August 2026.

Beyond Torpy's, Ballymore's Ruddygore Project hosts a range of deposit styles including porphyry copper-gold, skarn-hosted copper-gold-lead-zinc, and sediment-hosted massive sulphide deposits. The company is advancing multiple exploration fronts with substantial work programs planned through 2026, including drilling, resource modelling, and bulk sampling at its Dittmer Project.

Managing Director David A-Izzeddin highlighted that "Torpy’s continues to deliver" and emphasised that the latest results provide further evidence of multiple high-grade shoots and new targets, suggesting the discovery is still in its early stages. The unfolding data will be critical to assessing the project's scale and economic potential.