Ballymore Resources Limited Uncovers 221 g/t Gold Bonanza at Dittmer—Driving High-Grade Expansion with $250K CEI Funding Amid Record Gold Prices

Friday, June 13, 2025
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9:13 am
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Ballymore Resources Limited’s latest Stage 5 drilling at the Dittmer Project in north Queensland intercepted bonanza-grade gold with up to 221g/t. The promising results support their high-grade mining vision, with further assay outcomes and underground drilling plans on the horizon in an era of record gold prices.

Ballymore Resources Limited announced striking new drilling results from its Dittmer project in north Queensland, recording what it describes as a bonanza intersection in hole DTDD056 that returned 6.60 meters at an average of 13.67 g/t gold, along with intervals that include 2.50 meters at 35.63 g/t and an ultra-high-grade section of 0.40 meters grading over 221 g/t gold. The results from hole DTDD057 further support the continuity of a high-grade lode, with a broad intersection of 5.90 meters at 4.63 g/t gold, including a sub-interval of 2.90 meters at 8.07 g/t gold, all underscoring the potential of a mineralized shoot extending southwards and remaining open at depth. The campaign, now entering its fifth stage with a cumulative 61 drill holes drilled along the historic Dittmer mine area, has reinforced Ballymore’s updated exploration model. Drilling from underground has not only produced consistent intercepts from the displaced lode structure but also emphasizes the strategic focus on infill drilling aimed at achieving sufficient coverage for a prospective Mineral Resource estimate. Several additional drill holes, including DTDD055 and DTDD058, continue to build on promising results and further delineate the extent of the high-grade zones. Looking ahead, Ballymore is set to commence a deep diamond drill hole this month, supported by a $250,000 Queensland Government CEI grant, to test a large, pipe-like magnetic anomaly identified 400 meters beneath the old workings—a potential porphyry system that could underpin the high-grade near-surface mineralisation. The company is also planning to extend its underground exploration drive to target known lode extensions identified in its 2024 surface campaign, reflecting a multi-year, well-funded exploration strategy across a portfolio of projects in prolific Queensland mineral belts. Bullish sentiment is reinforced by the record-high drilling intercepts, the emerging picture of a continuous high-grade mineralised system, and the potential breakthrough posed by the deep porphyry target—all of which are occurring against a backdrop of record gold prices. Investors could view these developments as a significant step forward in unlocking a larger deposit that has both historical precedent and modern exploration potential. On the bearish side, the mineralisation remains open along strike and at depth, meaning that further infill drilling and additional testing are necessary before a JORC-compliant resource can be established. Moreover, the narrow, high-grade nature of the mineralisation brings inherent risks in scaling to a viable mining operation, which could temper early enthusiasm until further technical data is available.

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