Brightstar (ASX:BTR) goes Bonanza-grade in Laverton

Brightstar (ASX:BTR) goes Bonanza-grade in Laverton

February 27, 2024 Off By Jack Baker

Brightstar Resources’ final two metallurgical diamond holes into Cork Tree Well have returned a topflight 27.6 metres at 17.8 grams per tonne gold from 51m intercept, holding bonanza-grade assays exceeding 1000g/t north of Laverton in Western Australia.

First assays of uncorked high-grade Laverton gold as strong as 34.4m at 7.94g/t Au from 43.5m are now surpassed from a hole drilled into the WA Goldfields project’s unmined central Delta deposit.

Intercepts from beneath the historical shallow open pit also returned heady intercepts of 11.4m @ 3.1g/t Au and 8.3m at 1.45g/t Au, with both holes featuring plentiful sightings of visible gold.

Brightstar Resources Managing Director Alex Rovira said it was great to see more gold and high-grade assays from the now completed round of drilling.

“The drilling campaign represented the first diamond holes drilled at Cork Tree Well by Brightstar, with our understanding of the geology and mineralisation styles being strengthened by the knowledge being gained from this recently completed program,” Mr Rovira said.

“Today’s results continue to reinforce our view that the gold mineralisation at Cork Tree Well is structurally hosted, with a mafic metadolerite host rock observed in CTWMET003 whilst gold mineralisation returned in CTWMET001 is positioned within the sedimentary package underneath the historically mined shallow open pit.”

Mr Rovira added the four metallurgical holes of the 20-hole campaign were drilled into known orebodies falling within optimised $2750 an ounce pit shells generated in the project’s 2023 scoping study.

“Given the calibre of the assays received from the drilling to date, Brightstar continues to see strong potential to build on the existing 303 kiloounce at 1.4 per tonne Au mineral resource both at depth with high-grade plunging shoots and strike extensions targeting the structurally controlled mineralised trends,” he said.

Mr Rovira said the high-grade results returned to date were significantly higher than the current 1.4g/t and 1.85g/t head and mine grades from the scoping study, representing significant upside as Brightstar continues work on a pre-feasibility study.

The Cork Tree Well resource stands among over 1.3 million ounces the explorer-turned-miner has accumulated in the region, all sitting within 60-kilometres of a Brightstar-owned processing plant.

The company mined its first ore from the nearby Menzies project late last year, and Brightstar has had a significantly higher share price target placed on its back for having one of the cheapest and quickest pathways to start generating cash in Laverton.

BTR Cork Tree Well

Brightstar Resources shares a cross section of assay results from the unmined Delta deposit.

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