Ballymore Resources (ASX:BMR) Announces Strong Dittmer Drilling Results
Drilling Results
Ballymore Resources reported exceptional gold grades from its Stage 5 drilling program at the Dittmer Project. All nine drill holes intersected the Duffer Lode extension with significant veining. Notable assay results include 3.65m @11.92 g/t Au, including 1.75m @24.65 g/t Au and 0.8m @48.16 g/t Au in DTDD054, and 2.85m @10.55 g/t Au, including 0.3m @99.8 g/t Au in DTDD053.
Mining Lease Application
The company is progressing its application for a larger Mining Lease surrounding its granted lease, currently before the Land Court. If approved, the new lease will enable the expansion of existing underground workings and continued drilling to explore ore zone extensions.
Executive Comments
Managing Director Mr David A-Izzeddin stated, “Ballymore is delighted with these tremendous results. Not only do they include bonanza gold grades, but they have also done so over significant lengths. The drilling further supports our geological model and provides additional evidence of a very large gold system at Dittmer.”
Future Outlook
Ballymore has planned substantial work programs for 2025, including completing technical reviews, receiving metallurgical results, and finalising Stage 5 underground drilling. Additionally, the company will participate in the Noosa Mining Investor Conference in July.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
