Ballymore Resources Limited

BMR

AU0000156796

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 01:32:32 2024-04-29 am EDT			5-day change	1st Jan Change
0.13 ^AUD	0.00%		0.00%	+8.33%

Apr. 16	Ballymore Resources Doubles Known Gold-Copper Mineralization Area at Queensland Mine	MT
Apr. 02	Ballymore Resources Hits More Gold at Stage Four Drilling at Queensland Mine	MT

Ballymore Resources unveils promising results from Dittmer gold project in Queensland

April 11, 2024 at 07:18 am EDT

(via NewsDirect)

Ballymore Resources Ltd (ASX:BMR) technical director David A-Izzeddin tells Proactive's Stephen Gunnion that initial assay results from a Stage 4 drilling program at the company's Dittmer gold project in north Queensland are very encouraging.

The company has a number of projects in the area, which A-Izzeddin said is "remarkably under-explored," despite significant gold findings in the 1990s.

Dittmer stands out for its history as a high-grade gold mining area in the late 1800s to early 1900s, with the Dittmer mine noted for its extraordinary gold yield. Ballymore's recent drilling programs have uncovered evidence suggesting the potential for substantial mineral deposits near the historic mine sites, with results indicating the presence of high-grade gold within a shear zone that appears to widen with depth.

Further exploration and drilling efforts have identified promising structures and anomalies, suggesting an extensive mineralisation that remains open for exploration. The company plans to continue its exploration activities with surface drilling programs aimed at revealing the full potential of these areas, including the possibility of encountering porphyry copper systems as indicated by geochemical anomalies and historical data from nearby locations.

With a recent $5 million investment from the Taurus Mining Royalty Fund, A-Izzeddin said Ballymore Resources is well-funded to advance its ambitious exploration projects. This financial support, part of an $11 million funding effort, enables the company to explore not only the promising targets at Dittmer but also other locations like Cedar Ridge. Although the primary focus remains on discovering significant mineral deposits, there's also the potential for initiating small-scale mining operations in the near term, leveraging the high-grade findings and proximity to existing infrastructure.

Contact Details

Proactive Australia Pty Ltd

Proactive Australia Pty Ltd

+61 431 597 771

writers.australia@proactiveinvestors.com

Latest news about Ballymore Resources Limited

Ballymore Resources Doubles Known Gold-Copper Mineralization Area at Queensland Mine	Apr. 16	MT
Ballymore Resources Hits More Gold at Stage Four Drilling at Queensland Mine	Apr. 02	MT
Ballymore Resources Secures AU$600,000 in Grants from Queensland	Mar. 24	MT
Ballymore Resources Finalizes $5 Million Investment for Queensland Gold Project; Shares Up 4%	Mar. 20	MT
Ballymore Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 12	CI
Ballymore Resources Extends Copper Target at Ruddygore Project	Nov. 06	MT
Ballymore Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-26	CI
2,958,000 Options of Ballymore Resources Limited are subject to a Lock-Up Agreement Ending on 3-SEP-2023.	23-09-02	CI
49,879,808 Ordinary Shares of Ballymore Resources Limited are subject to a Lock-Up Agreement Ending on 3-SEP-2023.	23-09-02	CI
Ballymore Resources Limited Appoints Andrew Greville as Non-Executive Chairman	23-07-02	CI
Ballymore Resources Extends Gold at Dittmer Project	23-04-11	MT
Ballymore Resources Finds Copper at Mount Molloy	23-03-20	MT
Ballymore Resources Extends Orebody at Dittmer Project in Queensland; Shares Up 11%	23-03-16	MT
Ballymore Resources Limited Announces High Grade Intersections Confirm Dittmer Orebody Extension	23-03-15	CI
Ballymore Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-03-08	CI
Ballymore Resources Hits Quartz-Sulphide Mineralization at North Queensland's Dittmer Gold Project	23-02-20	MT
Ballymore Resources Limited Announces Drilling Progressing Well At Dittmer Gold Project, Located Near Proserpine in North Queensland	23-02-19	CI
Ballymore Resources Limited Commences At the Company's Dittmer Gold Project, Located Near Proserpine in North Queensland	23-01-29	CI
Ballymore Resources Completes Share Purchase Plan	22-11-22	MT
Ballymore Resources to Raise $2.2 Million in Institutional Placement, Share Purchase Plan; Shares Slip 11%	22-10-27	MT
Ballymore Resources Finds High-Grade Gold-Silver Mineralization at Queensland Prospects	22-10-05	MT
Outstanding Results for Day Dawn Deposit, Ravenswood Project	22-10-04	CI
Ballymore Resources Strikes Broad Gold Mineralization at Queensland Project	22-09-28	MT
Ballymore Resources Limited Receives Broad Gold Intersections from Recently Completed Drilling Programs Within Ravenswood Project	22-09-28	CI
Ballymore Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-09-20	CI

Chart Ballymore Resources Limited

Duration

Period

More charts

Company Profile

Ballymore Resources Limited is an exploration and development company. The Company holds a portfolio of exploration and development projects in the Queensland mineral belts that are prospective for gold and base metals. These consist of about two granted Mining Leases (MLs), 14 Exploration Permits over four project areas at Dittmer, Ruddygore, Ravenswood, and Mount Molloy. The Dittmer Project covers an area of approximately 488 square kilometers and is located about 20-50 kilometers (km) west and southwest of the regional center of Proserpine in central Queensland. The Ruddygore Project is located adjacent to the regional center of Chillagoe in north Queensland and consists of four granted EPMs with an area of about 558 square kilometers. The Ravenswood Project covers an area of about 309 square kilometers and is located to the south and east of Charters Towers. The Mount Molloy Project is located south of the town of Mount Molloy and approximately 50 km northwest of Cairns.

Sector

Specialty Mining & Metals

Calendar

2024-09-24 - Q4 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Other Specialty Mining & Metals

	1st Jan change	Capi.
BALLYMORE RESOURCES LIMITED	+8.33%	14.98M
SOUTHERN COPPER CORPORATION	+40.41%	90.41B
FREEPORT-MCMORAN INC.	+23.11%	72.53B
MINING AND METALLURGICAL COMPANY NORILSK NICKEL	-.--%	27.75B
JIANGXI COPPER COMPANY LIMITED	+46.01%	10.49B
SUMITOMO METAL MINING CO., LTD.	+24.16%	9.2B
BOLIDEN AB	+16.31%	8.86B
KOREA ZINC INC.	-6.33%	6.9B
WESTERN MINING CO.,LTD.	+40.22%	6.78B
JINDUICHENG MOLYBDENUM CO., LTD.	+20.85%	5.19B

Other Specialty Mining & Metals

Ballymore Resources Limited

Equities

BMR

AU0000156796

Specialty Mining & Metals

Ballymore Resources unveils promising results from Dittmer gold project in Queensland

Contact Details

Latest news about Ballymore Resources Limited

Chart Ballymore Resources Limited

Company Profile

Income Statement Evolution

Sector Other Specialty Mining & Metals