Ballymore Resources Says Drilling Results at Queensland Target Confirm Visual Estimates; Shares Reach All-Time Peak

MT Newswires Live

01/14

Ballymore Resources (ASX:BMR) said assays from the maiden drilling program at the Torpy's target, part of the Ruddygore project in Queensland, confirmed visual estimates, according to a Wednesday Australian bourse filing.

The program encountered intercepts of 23 meters at 215.6 grams per tonne (g/t) grade of silver, 8.6% grade of lead, and about 2% grade of zinc from 130 meters, per the filing.

David A-Izzeddin, managing director, said the company will finalize downhole electromagnetic surveying at the site shortly, with preparations underway for follow-up drilling at Torpy's once weather conditions improve.

The company's shares rose 9% in recent trading on Wednesday and earlier reached an all-time peak.

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