Encouraging assay findings highlight potential for gold discovery
Ballymore Resources (ASX: BMR) has disclosed promising assay findings from its Dittmer project located in north Queensland, indicating the likelihood of a significant gold discovery. The company announced assay grades reaching up to 807 grams per tonne from the initial three step-out surface drill holes. These findings are noteworthy as they further validate the presence of a high-grade gold ore zone within the region.
The Dittmer project has long been regarded as a viable site, but these recent assays emphasize the potential magnitude of the discovery. With such impressive results, Ballymore Resources is establishing itself as a prominent figure in the Australian gold exploration landscape. Investors are likely to monitor the company’s forthcoming actions as it works to delineate the scope of this promising ore body.
Augmented drilling program seeks to reveal additional deposits
In light of these advantageous assay results, Ballymore Resources has opted to expand its drilling program at the Dittmer project. The company is now concentrating on more precisely mapping the gold-bearing formations and enlarging the known mineralised areas. This intensified program will feature further step-out drilling, aiming at both lateral and depth extensions of the high-grade ore zone highlighted in the preliminary assays.
The choice to prolong the drilling campaign is a tactical approach to optimize the project’s potential. By amplifying the quantity of drill holes and broadening the exploration area, Ballymore Resources is setting itself up to discover more gold deposits and possibly elevate the total resource estimate. Management has stated that the upcoming drilling phase will concentrate on exploring deeper targets, which may expose additional high-grade mineralization.
Investors will be eager to observe the outcomes of this extended drilling initiative, as any extra high-grade intercepts could greatly increase the project’s worth. With gold prices persisting at high levels, the prospect of a significant discovery at Dittmer might considerably enhance Ballymore Resources’ share price and market capitalisation.
