Dittmer drilling brings ‘exciting’ results for Ballymore

Drilling is continuing to expand the mineralised zone at Ballymore Resources' Dittmer gold project, near Proserpine. Assays for the first four holes in the current campaign have returned significant high-grade results including 3.5m at 8.89 g/t gold and 2.7 g/t silver, including a 2.75m intercept grading at 11.24 g/t gold and 3.4 g/t silver and 0.55m at 48.82 g/t gold and 14.4 g/t silver. The company believes the results of these holes, in conjunction with previous drilling completed by Ballymore, demonstrate that the area hosts a significant, previously undiscovered gold deposit. The company reports that the ongoing drilling campaign has demonstrated excellent continuity, with all drill holes intersecting the fault-displaced extension to the former Dittmer mine's Duffer Lode, in line with Ballymore’s geological model. Technical director David A-Izzeddin. “This step-out drilling program is expanding the previously unrecognised fault-repetition of the bonanza-grade Duffer Lode and remains on schedule and within budget," Ballymore Resources technical director David A-Izzeddin said. "To date, nine holes (DTDD011 – 019) have been completed for 1663.4m, with a further 1337m planned. "This program continues to deliver exciting results with all holes intersecting the fault repetition of the Duffer Lode, as planned. This work is demonstrating excellent continuity of the mineralised structure with widths generally exceeding the lode mined in the historic mine." Related: Old digs revisited under Pajingo gold project Mr A-Izzeddin said step-out drilling indicated that the lode extended for more than 260m along strike and more than 200m down-dip. It remains open beyond current drilling, with significant gold grades and improving down-hole widths. The Dittmer mine was one of the highest-grade gold mines in Australia when operating. Historic mining produced more than 54,500 oz of gold, 23,400 oz of silver and 295 long tons of copper (300t) from 17,100 long tons of ore. Mr A-Izzeddin said historic mining only extended 90m below the access level and the newly recognised lode structure had been up-faulted to within 20m of this level, representing an extremely shallow, high-grade target within a granted mining lease. "The deposit remains untested at depth and to date has only been tested to approximately 200m beneath the access drive," he said. "The Dittmer mine area had never been drilled prior to Ballymore acquiring the project. The decision to refurbish the historic workings by the Ballymore team and drill from underground has been highly successful, reducing required drill metres and associated costs to reach target, as well as enabling us to drill during the North Queensland wet season. "The current program continues to expand the fault-extension of the Duffer Lode and provide substantial additional information regarding the controls on mineralisation. "Drill holes DTDD015 – 018 have now been logged and sampled, with assay results expected in April. Following receipt of the full set of results from this program, further assessment will be completed by the Ballymore technical team to determine steps to advance the project through to a mineral resource and subsequent feasibility study.”

Dittmer drilling brings ‘exciting’ results for Ballymore

Industry Queensland

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