Ballymore Resources Limited (ASX:BMR) has received significant gold assay results from the initial drilling programme at the Seventy Mile Mount prospect, within the Ravenswood Project area, in Queensland, Australia.
Technical Director, David A-Izzeddin, said these assay results demonstrate the potential for Seventy Mile Mount to host a significant breccia-hosted gold deposit similar in style to Mount Leyshon (3.8 Moz Au) and Mount Wright (1.0 Moz Au).
“The Seventy Mile Mount breccia target has a lot of similarities to major breccia-hosted gold deposits in the region and these recent holes are the first completed in the area since 2004,” Mr A-Izzeddin said.
“These holes targeted a previously unrecognised breccia zone with similarities to the higher grade breccia zones present at Mount Leyshon and Mount Wright, both major gold producers in the local region in the past 30 years.
“This initial drilling programme was designed to test the continuity of the gold from the eastern margins to the west, and has proven successful in intersecting shallow, ore grade mineralisation 200m west of the zone of best historic drill results.
“Initial assessment of the breccias and geochemical data suggests that we are at the top of a zoned system similar to Mount Wright.
“The only previous deep drilling at Seventy Mile Mount was completed on the eastern margin of this breccia zone and these results support the interpretation that grades will improve with depth.
“A large area of this breccia remains untested beneath the latest holes and planning is now underway to follow-up this initial drilling campaign.”
Seventy Mile Mount is located within the highly prospective Mount Leyshon Corridor, some 20km south of Charters Towers and 7km east-northeast of Mount Leyshon.
Drilling was completed in November 2021 and targeted a milled polymictic breccia which Ballymore identified on the northern margin of the Seventy Mile Mount breccia pipe.
The surface expression of the breccia zone is approximately 300m x 50m in area and it remains poorly tested at depth.
The initial drill programme at Seventy Mile Mount comprised two diamond drill holes for a total of 654m, testing a gap in previous drilling on the targeted breccia. Both holes intersected broad zones of altered breccias similar in style to Mount Leyshon mineralisation.
These mineralised breccias were consistent with the geological model developed from mapping completed by Ballymore.
Assay results have now confirmed the presence of broad, shallow zones of gold mineralisation associated with the mapped target breccia.
Significant intersections included:
• 40m @ 1.06 g/t Au including 3m @ 9.38 g/t Au (BSMDD001: 47 – 87m)
• 15m @ 0.55 g/t Au including 5m @ 1.44 g/t Au (BSMDD002: 76 – 91m)
For further information please visit: https://www.ballymoreresources.com/
