Ballymore Resources (ASX:BMR) has announced initial assays from a 22-hole drilling campaign have extended ‘high-grade’ silver–lead–zinc–indium mineralisation closer to surface at its Torpy’s discovery.
The company completed 22 reverse circulation holes for 2,673m across Torpy’s and Little Torpy’s within the Ruddygore Project in North Queensland during June 2026.
Assays have been received for the first two holes, which targeted up-dip extensions of previously identified mineralisation.
BTPRC010 returned 14m @ 76.6 grams per tonne silver (Ag), 3.43% lead (Pb), 2.32% zinc (Zn), and 3.7g/t indium (In) from 76m, including 9m @ 117.2g/t Ag, 5.26% Pb, 3.54% Zn, and 5.6g/t In from 79m.
BTPRC011 intersected 29m @ 71.3g/t Ag, 3.64% Pb, 2.19% Zn, and 7.1g/t In from 105m, including 13m @ 104.9g/t Ag, 4.59% Pb, 3.57% Zn, and 13.27g/t In from 120m.
Individual 1m samples returned grades of up to 434.4g/t Ag and 27.09% Pb.
Both holes intersected massive to semi-massive sulphide mineralisation dominated by galena and sphalerite. Ballymore says the results support its interpretation that mineralisation is concentrated in high-grade shoots at structural intersections.
Managing Director David A-Izzeddin says the results extend mineralisation closer to surface, with assays from the remainder of the campaign pending.
“Importantly, these are only the first results from a much larger drilling campaign, with numerous additional intersections still awaiting assay,” A-Izzeddin says.
“In parallel with drilling, our gravity survey, mapping, and rock-chip sampling programs continue to generate exciting new targets across the broader Torpy’s district. We believe we are still in the early stages of unlocking the full potential of this emerging discovery.”
Logging has also identified visually estimated galena and sphalerite mineralisation in six other holes. These observations include 22m containing an estimated 4% galena and 5% sphalerite from 34m in BTPRC030, although visual estimates are not a substitute for laboratory assays.
Ballymore expects the remaining drill assays and final gravity and magnetotelluric survey data during August.
The 556km² Ruddygore Project is located near Chillagoe, about 150km west of Cairns.
Write to France Pinzon at Mining.com.au
Images: Ballymore Resources
