Ballymore Resources is fast-tracking preparations for a further drilling campaign at the Dittmer gold project, near Proserpine, with its sights set on getting into production as soon as possible.

The recently completed Stage 5 drilling at the historical mining site encountered some of the highest grade gold, silver, and copper intersections to date.

“With gold prices at near-record highs, and a successful capital raise completed, Ballymore is
kicking off work targeting extensions to known mineralisation and delineating a resource at Dittmer to support a pathway to production at the earliest opportunity,” Ballymore managing director David A-Izzeddin said.

“Ballymore has located the faulted extension of the high-grade Duffer Lode, which averaged 151g/t gold (when formerly mined), and all holes targeting this zone across five drill campaigns have encountered this repeat.

“Drilling has proven the lode’s continuity and increased our confidence that higher grade shoots
plunge moderately towards the south and are broadening at depth.

“Final assays have now been received for the Stage 5 drilling program and have delivered more exciting step-out intersections.”

Related: Land Court gives thumbs up to Dittmer gold development

Latest results included 1.10m at 24.54 g/t gold, 8.3 g.t silver and 0.45 per cent copper, including 0.35m at 76.39 g/t gold, 25,71 g/t silver and 1.40 per cent copper.

Highlights of the Stage 5 program included an intercept of 0.40m at 221.31g/t gold, 70.2g/t silver, and 2.71 per cent copper.

Mr A-Izzeddin said preparations were well-advanced to resume development of the exploration drive at Dittmer and set up additional underground drill sites.

The planned work will test for southern extensions of the Dittmer orebody beyond some of the highest grade hits during the Stage 5 program.

The company also provided an update on results from an induced polarisation (IP) geophysics survey over the Andromache porphyry prospect, located 20km south of Dittmer.

The company received a Collaborative Exploration Initiative (CEI) grant for $150,000 from the Queensland Government to support the survey.

“Preliminary results from this survey appear to be highlighting potential chargeable responses at depth, supporting our interpretation of a buried porphyry target,” Mr A-Izzeddin said. “Modelling of the IP data is underway.”

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