Brightstar Resources Limited (ASX:BTR) Announces Gold Drilling Results
Drilling Results
Brightstar Resources Limited (ASX:BTR) has announced further results from its Reverse Circulation (RC) drilling programs at the Indomitable East and Cork Tree Well deposits. At Indomitable East within the Sandstone Hub, significant assays include 25m @ 1.67g/t Au from 90m and 3m @ 6.50g/t Au from 118m. The Cork Tree Well deposit in the Laverton Hub reported 4m @ 7.84g/t Au from 101m and 6m @ 4.37g/t Au from 92m. These results confirm that mineralisation remains open along strike and at depth, offering opportunities for future resource growth.
Operational Update
Brightstar is continuing its mining operations at the underground Second Fortune and Fish Mines in Laverton, with the next processing campaign scheduled for May under the Ore Purchase Agreement. The company is nearing the completion of its Definitive Feasibility Study on the Laverton and Menzies Gold Projects, which is expected to support a near-term increase in gold production. Additionally, Brightstar is mobilising three additional drilling rigs to accelerate exploration across the Menzies, Laverton, and Sandstone Hubs.
Executive Comments
Managing Director Alex Rovira stated, “On-going drilling results from Sandstone continue to illustrate excellent continuity with our infill drilling programs focused on drilling within A$2,500/oz optimised pit shells. The consistency of the mineralisation bodes well for our current mining studies and expected eventual development, with the Indomitable East deposit still open at depth and along strike which will be drill tested to support Mineral Resource growth.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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