Gravity Survey Identifies Multiple Targets at Ruddygore
| Stock | Ballymore Resources Ltd (BMR.ASX) |
|---|---|
| Release Time | 29 Jun 2026, 9:41 a.m. |
| Price Sensitive | Yes |
Ballymore Resources Identifies Multiple Targets at Ruddygore
- High-resolution gravity survey identifies multiple high-priority targets at Ruddygore
- Gravity anomalies align with recent high-grade drill results and historic mines
- New targets identified include MAN03, Eleventh, Armada East, and Maniopota
- Integration of gravity data with other datasets expected to improve drill targeting
- Funded by A$383,000 in Queensland Government Collaborative Exploration Initiative
Ballymore Resources Limited has completed an expanded high-resolution ground gravity survey across its Ruddygore Project near Chillagoe in North Queensland. The survey has identified multiple compelling gravity anomalies that validate recent discoveries and define a pipeline of new high-priority drill targets across the project. The survey has identified several discrete gravity anomalies in the Torpy's area, including one that directly coincides with Ballymore's high-grade 2025 drill intersections. The anomalies also align with elevated lead and zinc soil geochemistry, providing strong independent validation of the mineralised system while highlighting nearby areas with potential to host additional high-grade mineralisation. At Torpy's, gravity anomalies align closely with recent high-grade drill results and surface geochemistry, with additional targets recognised in Torpy's area that warrant drill-testing. Preliminary modelling has also identified several new targets with geological signatures similar to major mineral systems in the Chillagoe district supported by coincident gravity, magnetic, electromagnetic and geochemical anomalies, creating compelling drill targets. The survey has not only validated Ballymore's high-grade Torpy's silver-lead-zinc discovery but also highlights several new priority targets associated with historic mines and workings, skarn alteration, polymetallic soil anomalies, magnetic features and electromagnetic conductors. The strength of the preliminary results prompted Ballymore to immediately expand the program, adding further detailed coverage at Torpy's-Little Torpy's, Armada East and Maniopota to refine key anomalies. A total of 1,948 gravity stations were ultimately completed. These results significantly expand the exploration opportunity at Ruddygore beyond the Torpy's discovery and support the Company's view that the project has the potential to host multiple mineralised systems within a district-scale corridor.