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17.0¢ ballymore resources limited

They have done a great job finding the faulted extension of the...

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GeoFiji

1,030 Posts.

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13/05/24

08:30

Post #: 73789599
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Originally posted by gutumike: ↑

L.S. might be referring to SMD or DXC, or he might be referring to somebody's uncle who told his friend's cousin's niece, but I prefer to stick to facts.

Dittmer produced about 54K oz of high grade gold, mainly in the 1930s and 40s. Recent drilling has confirmed multiple high grade hits. 48 out of 48 holes drilled struck gold. A 2km long mineralised corridor has been identified, most of which has never been drilled. Bonanza grade gold and silver have been found in soil and rock chip samples. Sure, that doesn't mean those grades will be repeated in drilling, but it gives a darned good clue about what might be found when they do drill.

I think that BMR have got a pretty good handle on what they are looking for and where and how to find it.

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They have done a great job finding the faulted extension of the mined lode. If they announced a JORC resource now, it might be similar ounces to the historic production but lower grade, I think. Still a nice find, but the real bonus comes if they can find significant strike extensions or prove mineable shoots on other lodes.
DYOR Not investment advice

BMR Price at posting: 15.5¢ Sentiment: Buy Disclosure: Not Held
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