Ballymore Resources up on identification of lengthy gold corridor at Dittmer

Ballymore Resources (ASX:BMR) ended Wednesday’s trading day up almost +12% after the company reported a significant expansion of the scale and prospectivity of the Dittmer gold project in North Queensland.

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Recent field work, including stream sediment sampling, soil sampling and prospecting, has extended the Dittmer corridor to more than five kilometres, with gold values increasing towards the peak of Mount Quandong.

Ballymore’s MD, David A-Izzeddin, said the results reinforce the view that Dittmer forms part of a large, under-explored gold-copper-silver mineralised system.

“These results provide compelling evidence that a large-scale gold plus copper system is emerging at Dittmer. We have now traced gold mineralisation over more than five km, with high-grade results and visible gold pointing to a significant source, particularly in the Mount Quandong area,” Mr A-Izzeddin said.

“Importantly, the most significant anomalies are associated with catchments draining the upper slopes of Mount Quandong, where we have also mapped strongly altered and leached breccias associated with a large magnetic low. Soil sampling also shows a clear increase in gold values toward the summit, suggesting a localised and potentially significant mineralised source.”

Mr A-Izzeddin told Ballymore shareholders that underground development at Dittmer is progressing well despite over 800mm of rain falling this year.

“With drilling planned for Q2 2026, we are well-positioned to commence testing of these targets and unlocking the broader potential of the Dittmer corridor. Further field work across the Mount Quandong area is also planned following the wet season.”

Recent field work was designed to assess the southern extent of the Dittmer corridor, a pronounced mineralised trend. Previous work in CY25 identified visible gold in 11 stream sediment samples, primarily in the Lady Denise and Jim’s prospect areas around three to four km south of the Dittmer Project.

An additional 34 stream sediment samples have now been collected one to two km further south along the eastern flank of Mount Quandong. Significant alluvial mining has occurred historically in this area.

Extremely high-grade gold values have been returned with the best results reported from samples collected from creeks draining the upper slopes of Mount Quandong, suggesting a nearby bedrock source. Visible gold was identified in four samples draining the peak of Mount Quandong.

Significant gold assay results reported by Ballymore in this area include ten samples of 100 parts per billion (ppb) gold, five samples at 1,000 ppb gold, as well as a peak result of 24,288 ppb gold from Gold Creek.

BMR is up +11.8% to 19cps. Mkt cap $35.30M.

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