Ballymore Resources Delivers 580g/t Silver Hit at Torpy’s High-Grade Shoot
Key Takeaways
- Hole BTPRC013 returned 2m @ 580.4 g/t silver, 25.88% lead, 10.08% zinc and 8.7 g/t indium, with peak 1m samples hitting 898.0 g/t silver and 39.59% lead — grades that exceed the historical Torpy's mine benchmark of 435 g/t silver and 15.3% lead.
- The new intersection sits 40m up-dip of prior significant results, extending the mineralised corridor and reinforcing the emerging high-grade shoot model along major fault structures.
- Assay results from 15 remaining holes (BTPRC017–031) are pending, with several already showing strong visual sulphide estimates of galena and sphalerite — representing a near-term re-rating catalyst.
- A drone magnetic survey is scheduled to commence at Torpy's in September 2026, designed to expand the target inventory across the broader district within a 556km² project holding.
- A Maiden Mineral Resource Estimate for the Dittmer target is targeted for Q4 2026, adding a second near-term milestone to an already dense newsflow pipeline across the Ruddygore Project.
Torpy’s delivers another exceptional high-grade hit as Ballymore’s silver-lead-zinc discovery keeps growing
Ballymore Resources (ASX: BMR) has received further high-grade assay results from its Torpy’s discovery at the Ruddygore Project near Chillagoe, North Queensland. The headline intersection from hole BTPRC013 returned 2m @ 580.4 g/t silver, 25.88% lead, 10.08% zinc and 8.7 g/t indium, with individual 1m samples reaching 898.0 g/t silver, 39.59% lead and 10.35% zinc.
Critically, these holes were drilled 40m up-dip of prior significant intersections, extending the mineralised corridor in the up-dip direction and reinforcing the company’s emerging high-grade shoot model. The full suite of results from the June 2026 programme (holes BTPRC017–031) remains pending, with a drone magnetic survey expected to commence in September 2026.
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What makes Torpy’s stand out — understanding high-grade polymetallic mineralisation
To understand why these results matter, it helps to know what the numbers actually mean.
“g/t” stands for grams per tonne — the standard measure of precious metal concentration in a rock sample. “%” refers to the proportion of a base metal by weight. Both figures describe grade: how rich the mineralisation is per unit of rock extracted.
Grade is the primary driver of project economics in base metal exploration. A few key points explain why Torpy’s is generating genuine interest:
- Shallow, high-grade mineralisation means lower development costs. Ore close to the surface requires less excavation to access, reducing capital intensity and improving the economics of any future operation.
- Massive to semi-massive sulphide intersections — the style confirmed at Torpy’s — indicate dense concentrations of ore minerals (in this case, galena and sphalerite) rather than disseminated, lower-grade material. This is a hallmark of high-value polymetallic deposits.
- Polymetallic nature adds value. Torpy’s carries silver, lead, zinc and indium together. A deposit generating revenue from multiple metals simultaneously is more economically resilient than a single-commodity project.
- Indium deserves a specific mention. It is a critical mineral used in flat-panel displays, solar cells and semiconductors. Its presence as a co-product alongside silver and lead adds a technology-metals dimension to the project.
- Historical production provides a credibility benchmark. Records from 1912 to 1914 show the Torpy’s mine yielded approximately 84,000 ounces of silver from around 6,000 tonnes of ore, at an average grade of approximately 435 g/t silver and 15.3% lead. The grades Ballymore is now intersecting are consistent with — and in places exceed — that historical benchmark.
Building a discovery — how the Torpy’s picture has developed
From maiden campaign to a growing high-grade system
Ballymore’s maiden drilling campaign at Torpy’s was completed in late 2025, establishing the presence of high-grade polymetallic mineralisation and providing the basis for a follow-up programme. The June 2026 programme comprised 22 drill holes (BTPRC010–031) for 2,609m, targeting up-dip extensions of the high-grade shoots and evaluating additional targets.
The table below summarises the most significant intersections across both campaigns:
| Hole ID | From (m) | Interval (m) | Headline Grade |
|---|---|---|---|
| BTPRC005 | 130 | 23 | 215.6 g/t Ag, 8.55% Pb, 1.99% Zn |
| BTPRC010 | 76 | 14 | 76.6 g/t Ag, 3.43% Pb, 2.32% Zn & 3.7 g/t In |
| BTPRC011 | 105 | 29 | 71.3 g/t Ag, 3.64% Pb, 2.19% Zn & 7.1 g/t In |
| BTPRC012 | 54 | 4 | 130.9 g/t Ag, 4.78% Pb, 0.64% Zn & 1.4 g/t In |
| BTPRC013 | 44 | 7 | 170.0 g/t Ag, 7.60% Pb, 3.27% Zn & 2.9 g/t In |
Each successive campaign has extended the footprint and added confidence to grade continuity within the system.
High-grade results at Dittmer have similarly shaped Ballymore’s geological model across the broader Ruddygore Project, with bonanza-grade gold intersections at that target reinforcing the project area’s capacity to host multiple distinct high-value mineralised systems.
Near-miss holes add confidence to the model
Holes BTPRC014, 015 and 016 did not return significant high-grade mineralisation, but each encountered alteration consistent with what is typically observed as drill holes approach high-grade intervals. The company has characterised these as “near-misses” — results that refine the geological model and help identify the next generation of drill targets.
Key results from these holes include:
- BTPRC014: Drilled 20m west of BTPRC012; intersected extensive quartz veining and broad silica-chlorite alteration from 18m to 123m; assay results included 15m @ 0.53% zinc from 68m
- BTPRC015: Drilled 20m southwest of BTPRC001; encountered moderate to strong chlorite-silica alteration from 17m to end of hole; assay results included 4m @ 17.6 g/t silver, 0.87% lead from 14m
- BTPRC016: Drilled 20m east of BTPRC013; intersected moderate to strong silica-chlorite alteration from 20m to 106m; assay results included 1m @ 21.6 g/t silver, 1.65% zinc from 63m
In addition, several pending holes have returned significant visual estimates of galena and sphalerite — including BTPRC017, 018, 022, 030 and 031. These are preliminary visual observations only and are not a substitute for laboratory assay results.
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What’s next — catalysts and the path toward Mineral Resource definition
The planned work programme for the remainder of 2026 represents a substantial near-term newsflow pipeline:
- September 2026: Commence Torpy’s drone magnetic survey
- September 2026: Receive remaining Torpy’s drill assay results (holes BTPRC017–031)
- October 2026: Model final Ruddygore gravity data
- October 2026: Receive and model final Dittmer magnetotelluric survey data
- Q3 2026: Complete development of the upgraded 4 level access at Dittmer
- Q4 2026: Commence Stage 6 drill programme from the newly developed southern exploration drive at Dittmer
- Q4 2026: Dittmer bulk sample recovery
- Q4 2026: Maiden Mineral Resource Estimate (MRE) for Dittmer, pending completion of the Stage 6 drill programme
The Ruddygore gravity survey has already identified multiple high-priority structural targets across the broader project area, providing a geophysical framework that the upcoming drone magnetic programme at Torpy’s is designed to complement and extend.
The pending assay results from holes with strong visual sulphide estimates represent a potential near-term re-rating catalyst. The drone magnetic survey is expected to expand the target inventory across the greater Torpy’s district. Both activities sit within a broader 556km² project holding in a historically productive North Queensland mining district that hosts multiple deposit styles.
Managing Director David A-Izzeddin
“These latest results are another important step forward for Torpy’s, with BTPRC013 delivering an exceptionally high-grade intersection 40m up-dip of our previous drilling. Importantly, the new results continue to support our geological model, which points to high-grade shoots developed along major fault structures. The combination of shallow mineralisation, strong grades and multiple additional targets gives us confidence that Torpy’s has considerable potential to grow…”
Torpy’s is emerging as a genuine polymetallic discovery with shallow, high-grade mineralisation, a growing drill inventory across multiple targets, and a clear path toward future Mineral Resource definition. With a significant volume of assay results still pending from holes showing strong visual sulphide estimates, and a magnetic survey about to commence, the newsflow from this project is expected to continue in the months ahead.
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