Brightstar Resources Limited (ASX: BTR) (Brightstar or the Company) is pleased to announce that diamond drilling has commenced at Cork Tree Well (CTW) in the Laverton Gold Project, with a twenty hole, ~2,000mprogram designed for metallurgical and geotechnical purposes. The diamond drilling is targeted across the open pit shells delivered in the Scoping Study1 released in September 2023 (see Figure 1).
Inaugural diamond drilling program has commenced at Cork Tree Well at the Laverton Gold Project~2,000m diamond drilling program is designed for metallurgical and geotechnical test work as part of the Pre-Feasibility Study underwayAssays for RC drilling completed at the Menzies Gold Project in Q4 2023 due imminently
We are also expecting to receive assay results from reverse circulation drilling competed at the Aspacia and Link Zone deposits at the Menzies Gold Project in December. This 5,000m program was designed as extensional and infill drilling to grow the existing resource at the Link Zone, and provide sufficient drill density to potentially declare a maiden resource at Aspacia.
It is an exciting time to be drilling, growing our mineral resource base, completing the technical work for the PFS underway and also see the progress our joint venture partners BML are making with the Selkirk mining campaign, which is due to conclude this quarter. A successful mining campaign at Selkirk will see positive cashflow generated for Brightstar to continue to fund exploration efforts across the Laverton and Menzies Gold Projects.
This ASX announcement has been approved by the Managing Director on behalf of the board of Brightstar.
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