Brightstar Resources

Diamond Drilling Commenced at Cork Tree Well

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).

HIGHLIGHTS

  • 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 underway
  • Assays for RC drilling completed at the Menzies Gold Project in Q4 2023 due imminently
Brightstar’s Managing Director, Alex Rovira, commented: “As part of the PFS work streams underway, Brightstar has commenced the maiden diamond drilling campaign at Cork Tree Well in order to generate information both within the ore zones and the designed pit walls, which will provide the requisite material for metallurgical test work and improve Brightstar’s knowledge of geological and geotechnical domains within the CTW area.

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.

Figure 1 – Overview of diamond drill collar locations with Scoping Study pit shell outlines

This ASX announcement has been approved by the Managing Director on behalf of the board of Brightstar.


Click here for the full ASX Release

This article includes content from Brightstar Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

BTR:AU
Brightstar Resources

Brightstar Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Brightstar Resources

Brightstar Resources


Keep reading...Show less

Emerging gold producer and district-scale resource developer in Western Australia

Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Maritime Resources (TSXV:MAE)

Maritime Resources

Keep reading...Show less
Triumph Gold

Triumph Gold

Keep reading...Show less
Brightstar Resources

Brightstar Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×