Ballymore Resources has extended high-grade silver-lead-zinc-indium mineralisation closer to surface at its Torpy’s discovery in North Queensland. The latest drilling supports a multiple-shoot interpretation, but the project remains at an early exploration stage with assays pending and no Mineral Resource defined.
- 5m at 149.4g/t silver, 6.92% lead, 9.09% zinc and 3.5g/t indium from 27m
- 2m within that interval returned 334.0g/t silver, 15.61% lead and 19.08% zinc
- Mineralisation extended approximately 30m up-dip from previous intersections
- Near-miss holes are helping define the margins of the high-grade shoots
- Assays remain pending for five Torpy’s holes and five Little Torpy’s holes
High-Grade Zones Move Closer to Surface
Ballymore Resources Limited (ASX:BMR) has extended the high-grade core of its Torpy’s silver-lead-zinc-indium discovery by about 30 metres up-dip, with the latest intersections among the shallowest reported at the Ruddygore Project near Chillagoe in North Queensland.
The standout result came from BTPRC018, which returned 5 metres at 149.4g/t silver, 6.92% lead, 9.09% zinc and 3.5g/t indium from 27 metres. Within that interval, 2 metres ran at 334.0g/t silver, 15.61% lead, 19.08% zinc and 6.4g/t indium.
That hole also cut a second 12-metre zone grading 97.6g/t silver, 5.40% lead, 3.60% zinc and 2.7g/t indium from 37 metres, including 4 metres at 284.4g/t silver, 15.79% lead, 10.40% zinc and 7.9g/t indium. BTPRC017 added 10 metres at 90.3g/t silver, 8.72% lead, 9.08% zinc and 2.4g/t indium from 49 metres, while BTPRC019 returned 3 metres at 119.6g/t silver, 5.72% lead, 4.46% zinc and 5.2g/t indium from 27 metres.
Drilling Supports Multiple Mineralised Shoots
The three holes encountered intervals of massive sulphide mineralisation and alteration, while BTPRC018 intersected three mineralised lenses and BTPRC019 encountered two. Ballymore says the pattern supports an emerging interpretation of several high-grade shoots within a broader polymetallic envelope, rather than a single uniform zone.
Managing Director David A-Izzeddin said the latest drilling was providing a clearer picture of the system’s geometry. “We are seeing multiple high-grade mineralised shoots within a broader polymetallic envelope, while the lower-grade near-miss holes are helping us understand the margins and geometry of those shoots,” he said.
Results from BTPRC020 and BTPRC021 provide the counterpoint to the headline grades. Drilled near the western side of the historic workings, the holes intersected broad alteration but substantially weaker mineralisation, including 17 metres at 11.0g/t silver, 0.30% lead and 0.16% zinc in BTPRC020 and 41 metres at 2.6g/t silver and 0.19% zinc in BTPRC021. Ballymore is treating these holes as near misses that may help refine future targeting.
More Assays and Geophysical Targets Ahead
The May-June 2026 drilling campaign covered 22 holes across Torpy’s and Little Torpy’s. Assays have been received for holes BTPRC010 to BTPRC021, while results remain outstanding for 10 holes. Several of those holes contained visible galena and sphalerite, including preliminary visual estimates of 22 metres in BTPRC030 and a 3-metre higher-sulphide interval within BTPRC031.
Those observations are not laboratory assays and may not translate into comparable grades. The company plans to combine the pending assays with the completed geological interpretation before setting priorities for follow-up drilling across the roughly 600-metre prospective corridor linking Torpy’s and Little Torpy’s.
Ruddygore Exploration Broadens Beyond Torpy’s
Ballymore has also completed a gravity survey across the broader Ruddygore Project and is modelling the final data to identify structures and further targets. The company says the survey is intended to test for additional Torpy’s-style polymetallic mineralisation and Red Dome-style skarn-hosted systems beyond the current discovery.
A drone magnetic survey at Torpy’s is scheduled to begin in October 2026, weather permitting. The additional geophysical data may help refine structural interpretations, but the immediate test for the discovery remains whether further drilling confirms continuity, geometry and scale.
The technical caveat is material: the reported intervals are downhole lengths, not confirmed true widths, and Ballymore states that true widths may be up to 50% less. The company has not defined a Mineral Resource or Ore Reserve, so the high grades are promising exploration results rather than evidence of an economic deposit.
Bottom Line?
The next value-bearing step is not another isolated high-grade interval, but evidence that the shoots have consistent true widths and continuity when the pending assays and follow-up drilling arrive.
Questions in the middle?
- Will the pending Torpy’s and Little Torpy’s assays confirm a continuous mineralised system across the broader corridor?
- How much narrower will the reported downhole intervals be once true widths and structural geometry are established?
- Can the gravity and drone magnetic surveys generate targets that materially expand the discovery beyond the current drilled area?