Ruddygore Prospect. Source: Ballymore Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Ballymore Resources (BMR) begins stage one drilling at the Ruddygore prospect in North Queensland
  • Reverse circulation and diamond drilling will be undertaken in two phases with the aim to effectively test the main targets’ lateral and depth extents
  • Ballymore will drill a target identified via an induced polarisation (IP) geophysics survey undertaken in October 2021
  • Modelling of the IP data defined a large one-kilometre long by up to 300-metre wide chargeability anomaly corresponding with a 500 parts per million copper-in-soil anomaly
  • Ballymore ends the day 8.11 per cent in the green with shares trading at 20 cents

Ballymore Resources (BMR) has begun stage one drilling at the Ruddygore prospect in North Queensland.

Drilling will be undertaken in two phases with phase one set to consist of 1650 metres of reverse circulation (RC) and diamond core drilling while phase two will consist of 1700 metres of RC and diamond core drilling.

The aim of this drilling is to effectively test the main targets’ lateral and depth extents as well as provide sufficient information to progress to a higher level of definition.

Ballymore will drill a target identified via an induced polarisation (IP) geophysics survey undertaken in October 2021.

Modelling of the IP data defined a large one-kilometre long by up to 300-metre wide chargeability anomaly corresponding with a 500 parts per million (ppm) copper-in-soil anomaly.

The anomaly lies roughly 100 metres below the surface and remains untested by drilling, however, a number of shallow holes reported broad zones of elevated copper and silver with grades peaking at 1.66 per cent copper and 28.3g/t silver.

While historical holes and workings occur above the IP anomaly, they were not drilled to sufficient depth to adequately test the target.

Ballymore has ended the day 8.11 per cent in the green with shares trading at 20 cents.

BMR by the numbers
More From The Market Herald
The Market Herald Video

" Rex Minerals (ASX:RXM) selects Thiess’ mining services for Hillside

Rex Minerals (ASX:RXM) has partnered with Thiess to deliver an optimal mining solution for its Hillside…

" Ausgold (ASX:AUC) hits further high-grade gold across Katanning project, WA

Ausgold (ASX:AUC) hits further high-grade gold intercepts at its Katanning gold project in Western Australia.
AusQuest (ASX:AQD) - Managing Director, Graeme Drew

" AusQuest (ASX:AQD) begins RC drilling at Morrisey

AusQuest (ASX:AQD) has begun reverse circulation (RC) drilling at the Morrisey Nickel-Copper-Platinum Group Element (PGE) Project…
PEXA (ASX:PXA) - Chairman, Mark Joiner

" PEXA (ASX:PXA) to begin digital remortgaging this year

PEXA Group (ASX:PXA)¬†has confirmed its first wave of lenders will begin digital remortgaging in the UK…