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Ballymore Resources Limited ( (AU:BMR) ) has issued an update.
Ballymore Resources Limited is set to launch a 2,000-meter Stage 5 diamond drilling campaign at the Dittmer Gold Project in the first quarter of 2025. The program aims to explore extensions of known gold mineralization and a deep pipe-like porphyry magnetic body beneath the historic mine, potentially leading to a mineral resource estimation. The success of previous drilling campaigns, with all 42 holes intersecting gold, underscores the project’s potential. This initiative is a strategic move amid high gold prices, enhancing Ballymore’s operational scope and potentially boosting its market position by targeting a major copper-gold system akin to significant deposits in Eastern Australia. The drilling results could have significant implications for stakeholders, offering insights into the potential mineral wealth of the Dittmer area.
More about Ballymore Resources Limited
Ballymore Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. It is primarily engaged in the gold mining sector with a significant emphasis on expanding its operations around the historic Dittmer mine area in north Queensland, Australia.
YTD Price Performance: -4.17%
Average Trading Volume: 106,132
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$20.32M
See more data about BMR stock on TipRanks’ Stock Analysis page.
