BMR – Ballymore Resources | Aussie Stock Forums

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Ballymore Resources has assembled three project areas located in historic mining provinces in Queensland with granted permit areas totalling 1,355km2. Ballymore’s projects either host historic gold and base metal mines or are located adjacent to significant historic mines. Typically, Ballymore’s projects are also strategically located near existing processing infrastructure, which offers potential to reduce both the lead time and capital requirements associated with any future mining developments of the projects.

The Dittmer Project comprises two granted mining leases (MLs) and three exploration permits (EPMs) and contains the historic, high-grade Dittmer mine which was discovered in 1934 and produced a total of 54,500 oz of gold at an average grade of 151 g/t as well as copper averaging 2.8% and silver averaging 66 g/t through to 1951. The Dittmer Project also contains numerous other highgrade lodes mined to shallow depths which Ballymore intends to thoroughly test using modern exploration methods.

The Ruddygore Project contains numerous targets that were mined in the early 1900s but have not been subject to meaningful modern exploration since. These include a major copper-silver porphyry target at the Ruddygore mine, the Maniopota lead-zinc-copper-gold-silver skarn deposit and the sediment hosted silver-lead-zinc Torpy’s mine. These deposits sit within an extensive mineralised corridor containing the nearby Red Dome and Mungana mines, with a combined pre-mine inventory of 3.2 Moz of gold.

The Ravenswood Project is located in the Charters Towers district and contains drill-ready targets within a historic 17 Moz gold province. These targets include Seventy Mile Mount, Middle Mount, Matthews Pinnacle and Pinnacle Creek which show geological similarities to the nearby Mount Leyshon (3.8 Moz Au) and Ravenswood/Mount Wright (5.8 Moz Au) mines.

A key strategic aspiration for Ballymore, should exploration work yield success, is to bring one or more of its prospective deposits into production, with the Dittmer mining complex currently being the most advanced.

It is anticipated that BMR will list on the ASX during August 2021.

 

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