Join our daily newsletter At The Bell to receive exclusive market insights
- Ballymore Resources (BMR) receives initial results from the stage one drilling program at its Ruddygore copper project in North Queensland
- Under the stage one program, six holes were drilled to test zones of mapped mineralisation with elevated soil and rock chip samples
- The company received results for the first two holes with up to 0.9 per cent copper and 21 g/t silver intersected
- Planning is now underway for the next stage of drilling which will test further targets as well as the Black Cockatoo and Ruddygore East workings
- Ballymore is trading 5.56 per cent in the red at 17 cents at 12:25 pm AEST
Ballymore Resources (BMR) has received initial results from the stage one drilling program at its Ruddygore copper project in North Queensland.
Under the stage one program, six holes, for 1799.9 metres, were drilled to test zones of mapped mineralisation with elevated soil and rock chip samples.
The drilling encountered broad zones of strongly altered and brecciated granodiorite with veining and breccia fill mineralisation.
Furthermore, multiple significant visual intervals of chalcopyrite-pyrite mineralisation have been identified.
The company received results for the first two holes with results including 86 metres at 0.47 per cent copper and 11 grams per tonne (g/t) silver from four metres including 14 metres at 0.9 per cent copper 21 g/t silver from 22 metres.
Results for the remaining four holes are expected next month.
“This drilling program and assays received to date have identified broad zones of copper mineralisation. These are exceptional results for the first holes and will guide our next steps for the project,” Technical Director David A-Izzeddin said.
“There are extensive shallow historic workings within the Ruddygore project area which lie along strike from and adjacent to significant mines including Red Dome and Mungana.”
Planning is now underway for the next stage of drilling which will test further targets as well as the Black Cockatoo and Ruddygore East workings.
Ballymore was trading 5.56 per cent in the red at 17 cents at 12:25 pm AEST.
