Anyone here taking this one?
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Ballymore Resources Ltd Initial Public Offer to raise $11 million at $0.20 per share
Ballymore Resources Pty Ltd is a junior explorer / developer targeting three highly prospective, potentially company making projects in historically prolific Queensland gold belts that have been underexplored using modern techniques.
Investment Highlights:
Three highly prospective projects in prolific Queensland mineral belts
Extensive historic workings for gold, copper, silver, lead and zinc exist across projects though there has been a lack of modern exploration
Targeting bulk tonnage gold, copper, and other mineral deposits around historic workings
Located nears existing processing infrastructure
Drill ready targets
16,000m drill campaign planned to test multiple advanced targets
Extensive pipeline of additional prospective targets will be worked up with geophysics and exploration
Experienced team with track record of success
Exploration success: Discovery of Mount Wright (1Moz) and delineation of the Nolans/Sarsfield mines (4.8Moz) in close proximity to Ravenswood Project
Mining success: Start up / operation of Capricorn Copper and Ernest Henry Mine
Commercial success: Founding of ASX listed Stanmore Coal and Renascor Resources
Project Overview: Three highly prospective projects in prolific Queensland mineral belts
Ruddygore Project – Large copper porphyry target
Major porphyry target defined at Ruddygore
Historic mines sit within an extensive mineralisation corridor that hosts Red Dome and Mungana mines (combined 3.2Moz Au)
Extensive historic workings – mined 29,293 t @ 3.9% CU, 56g/t Ag
26 drillholes completed for 1,669m demonstrating significant results
Rock chips up to 32.5% CU and 471g/t Ag
Ravenswood Project – Drill ready targets in 17Moz gold province
Multiple gold targets within Mount Leyshon Corridor
Geological similarities to nearby Mt Leyshon (3.8Moz Au) and Ravenswood (4.8Moz Au) mines
Historic drill results include 4m @ 301g/t Au
Rock chip up to 582g/t Au & 260g/t Ag
Mount Leyshon-style drill target to be drilled in 2021
Dittmer Project – potential rapid, low-cost reopening of historic mining area
Fully permitted project at Dittmer
Dittmer was the largest gold mine in the region – historically produced 54,500 Oz of gold at 151g/t Au plus 2.8% Cu (1935 – 1984)
Bonanza grade silver drill result – 2m @ 5,395g/t Ag & 2.1% Cu
Rock chips up to 304g/t Au, 67g/t Ag & 2.1% Cu
Underground channel sampling up to 264g/t Au, 49g/t Ag & 4.2% Cu
Numerous prospects, drill intersections and geochemical anomalies