BTM – Ballymore Resources | Aussie Stock Forums

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Ballymore Resources Limited (BTM) was incorporated on 12 April 2019 for the purpose of pursuing opportunities in the resources sector and build shareholder value by acquiring, exploring, evaluating and exploiting mineral resource projects.

The Company holds the following projects as exclusive owner:

(a) Dittmer Project; and
(b) Ruddygore Project.

The Company also has the right to earn an 80% interest in the Ravenswood Project pursuant to the ActivEX Joint Venture and Option Agreement that includes an option to acquire a 100% interest in the Ravenswood Project.

The Dittmer Project is located inland from Proserpine and comprises two granted mining leases (MLs) and three exploration permits. The project area contains the historic, high-grade Dittmer mine, which was discovered in 1934 and historically mined for 54,500 ounces of gold at an average grade of 151 g/t, as well as copper (2.8%) and silver (66 g/t). The Dittmer Project area also contains numerous other shallow high grade historic workings which have yet to be properly tested with modern exploration techniques.

The Ruddygore Project is located near Chillagoe and includes a major copper-silver porphyry target at the Ruddygore mine, the Maniopota lead-zinccopper-gold-silver skarn deposit and the sediment hosted silver-lead-zinc Torpy’s mine works. These deposits sit within an extensive mineralised corridor containing the nearby Red Dome and Mungana mines.

The Ravenwood Project is located within the 17 Moz Charters Towers gold province and contains a number of old workings and breccia hosted gold targets including Seventy Mile Mount, Middle Mount, Matthews Pinnacle and Pinnacle Creek.

It is anticipated that BTM will list on the ASX during July 2021.

 

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