Join our daily newsletter At The Bell to receive exclusive market insights
- Ballymore Resources (BMR) confirms through diamond drilling that the historic Duffer lode at its Dittmer gold mine in Queensland has been displaced by a fault
- Logging of the drill core from this program confirmed BMR’s interpretation that the bonanza-grade lode had been displaced and sits 30 metres away from historical workings
- The company says “significant” quartz chalcopyrite veins have been logged in all three holes, and the mineralised lode appears to continue and broaden at depth
- However, BMR says assays from the drill program are facing delays due to COVID-19 and are expected in August
- Shares are trading 6.94 per cent higher at 19.3 cents each at 3:25 pm AEST
Ballymore Resources (BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer gold mine in Queensland had been displaced by a fault.
The company said it had completed a stage-two underground diamond drilling program in the area, and logging of the drill core from this program confirmed its interpretation that the bonanza-grade lode had been displaced and sat 30 metres away from historical workings.
Ballymore noted that “significant” quartz chalcopyrite veins were logged in all three holes, and the mineralised lode appeared to continue and broaden at depth.
However, BMR said assays from the drill program were facing delays due to COVID-19 and were expected in August.
In the meantime, the company is planning to investigate depth extensions in the area by expanding the existing underground exploration chamber to support further drilling.
In other news, further potential for a large gold and copper target was seen in regional mapping and rock chip results near the mine.
Several high-grade results were detected over a broad area, extending one kilometre outside of the Dittmer mine.
Meanwhile, the company has completed a six-hole program at its Ruddygore project, also in Queensland, with assays expected from now through to August.
Shares in Ballymore Resources were trading 6.94 per cent higher at 19.3 cents each at 3:25 pm AEST.
