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Highlights
- Ballymore reports bonanza-grade gold intercepts at Dittmer
- Stage 5 drilling confirms extensive high-grade mineralisation
- Mining lease expansion underway for continued project development
Ballymore Resources (ASX:BMR) has delivered a promising update from its Dittmer Project in North Queensland, reporting high-grade gold assay results from its Stage 5 underground drilling campaign. The drilling program, which included nine diamond drill holes, successfully intercepted the Duffer Lode extension with strong veining across all holes — a signal that has caught attention within the broader ASX300 index space.
Among the standout results were drill hole DTDD054, which returned 3.65 metres at 11.92 grams per tonne (g/t) gold, including a sub-interval of 0.8 metres at an impressive 48.16 g/t gold. Another significant intercept came from DTDD053, revealing 2.85 metres at 10.55 g/t gold, with a rich section grading 0.3 metres at 99.8 g/t gold. These figures highlight the presence of high-grade mineralisation across meaningful widths, further supporting Ballymore's exploration model.
The company is also advancing its mining lease application to expand beyond the currently granted lease. If approved, the new lease will facilitate broader underground access and support further drilling to delineate the ore zones. The application is currently under review by the Land Court, and a successful outcome would mark a pivotal milestone in progressing the project toward production.
According to Ballymore’s management, the latest results not only validate the geological model but also reinforce the scale of the mineral system at Dittmer. The consistency of bonanza-grade intercepts across multiple drill holes enhances confidence in the continuity and potential of the gold-bearing structures.
Looking ahead, Ballymore has mapped out a comprehensive work plan for 2025, which includes finalising metallurgical test work, continuing technical reviews, and completing Stage 5 underground drilling. The company is also preparing to engage the broader investment community at the Noosa Mining Investor Conference in July.
In the broader context of the Australian market, Ballymore’s momentum places it among noteworthy developments on the ASX300 index. For investors tracking opportunities beyond traditional blue-chip stocks or exploring emerging growth stories, such resource discoveries offer alternative interest points — especially when compared with more established plays like ASX dividend stocks that often dominate conservative portfolios.
As Ballymore continues to advance its gold project, its strategic location, robust results, and lease expansion efforts could play a key role in shaping its future in the Australian mining landscape.
