Why did Ballymore Resources (ASX:BMR) resume drilling at the Ruddygore Project?

Ballymore Resources resumed reverse circulation (RC) drilling following the end of a prolonged wet season that had previously halted operations. The company is now targeting extensions of known silver-lead-zinc-indium mineralisation at the Torpy’s discovery in north Queensland.

What are the key drilling targets for Ballymore Resources (ASX:BMR) in this campaign?

The current 3,000-metre drilling programme focuses on testing extensions to existing mineralisation and investigating new structural targets. A major priority is the "Little Torpy’s" area, located 600 metres south of the main workings.

What were the standout results from the previous drilling at Torpy’s?

The maiden drilling campaign delivered several high-grade intersections, including 10 metres at 483.2 g/t silver (Ag) and 19.35% lead (Pb). Other notable results included 5 metres at 280.6 g/t Ag and 3 metres at 350.1 g/t Ag.

What does the discovery at Little Torpy’s mean for the Ruddygore Project?

The discovery of broad, shallow mineralisation at Little Torpy’s is a potential game-changer because it indicates the mineralised system is more extensive than first thought. Managing Director David A-Izzeddin stated this suggests the project contains multiple high-grade shoots.

When can investors expect news flow from the Ballymore Resources (ASX:BMR) drilling?

The 3,000-metre RC drilling programme is scheduled for completion in June. Assay results, which provide the actual mineral grades from the samples, are expected to be released progressively throughout the period.

What is the "major value-generation phase" mentioned by Ballymore management?

Management describes this phase as the transition from an early-stage discovery to proving the scale and grade of the system. By testing new structural targets and extensions, the company aims to significantly increase the known value of the Torpy's asset.

Ballymore resumes drilling at high-grade Ruddygore Project

Written by Liezl GambePublished May. 14 2026Last Updated May. 14 2026

Ballymore Resources (ASX:BMR) has resumed reverse circulation drilling at the Ruddygore Project's high-grade Torpy’s discovery in north Queensland.

Following the cessation of a prolonged wet season, the company has mobilised to complete up to 3,000m of drilling, targeting extensions to known silver-lead-zinc-indium mineralisation and fresh structural targets.

The phase follows a highly successful maiden campaign that yielded exceptional intersections, such as 10m at 483.2 g/t Ag and 19.35% Pb.

Managing Director David A-Izzeddin noted that the project is entering a "major value-generation phase," with the discovery of broad, shallow mineralisation at Little Torpy’s—located 600m south of the main workings—suggesting a much larger mineralised system than initially anticipated.

The current drilling programme is scheduled for completion in June, with assay results expected to be received progressively throughout the period.

Further exploration will be bolstered by a CEI-funded semi-regional gravity survey set to commence this May.

At the time of reporting, Ballymore Resources’ share price was $0.15.