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Ballymore Resources Limited (ASX:BMR)

ALERT: Price-sensitive ASX Announcement for BMR
Current share price for BMR : $0.115 -0.055 (-32.35%)+
Announcement
Release
18 Mar 2026 9:42AM
Price at Release
$0.170
Full Release
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Summary
Ballymore Resources Limited has expanded its flagship Dittmer Gold Project in North Queensland, identifying a 5km gold corridor with high-grade assays at Mount Quandong. This project has been enhanced by the discovery of visible gold in stream sediment samples, with gold values reaching up to 24.28 g/t. Geological mapping has highlighted a large hydrothermal system, and soil sampling indicates increasing gold values towards the summit of Mount Quandong. Ongoing underground development at Dittmer supports upcoming drilling efforts targeting the extensions of the Duffer Lode and other new corridor targets. This development is part of Ballymore's strategy to explore and unlock the broader potential of the Dittmer corridor. The company plans significant exploration work and aims to test these targets further following the wet season.
Key Points
  • Large-scale gold system emerging at Dittmer Gold Project over 5km.
  • Visible gold identified in stream sediment samples.
  • High-grade assays returning up to 24.28 g/t Au.
  • Soil sampling shows increasing gold values towards Mount Quandong summit.
  • Geological mapping identifies silica-clay altered hydrothermal breccias.
  • Significant exploration upside with more drilling planned.
  • Underground development progressing despite adverse weather conditions.
  • Planned drilling in Q2 2026 targeting Duffer Lode extensions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.