Drilling At Menzies Returns Multiple High Grade Gold Intersections Up To 39 G/T AU

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to confirm that drilling has been safely completed at the Menzies Gold Project, with initial assays received for drillholes at the Lady Irene and Aspacia prospects. Drilling at the Lady Irene deposit, ~7km north of Menzies, has returned several high grade hits from the program, with assays received from 10 holes at Aspacia returning high-grade gold intercepts from multiple high-grade gold mineralised horizons. The remaining assays from Aspacia, along with all results from the Lady Shenton-Lady Harriet “Link Zone” drilling (Figure 2) are yet to be received which are shaping up to represent compelling targets for resource growth.

HIGHLIGHTS

• Brightstar’s inaugural RC drilling program at the Menzies Gold Project, comprising 37 holes for 4,486m at three locations has returned numerous high-grade hits typical of the Menzies Goldfields:
  • Aspacia:
    • 1m @ 39.58 g/t Au from 56m (MGPRC020)
    • 1m @ 12.12 g/t Au from 113m (MGPRC014)
    • 4m @ 3.11 g/t Au from 48m (MGPRC023)
    • 2m @ 5.35 g/t Au from 48m (MGPRC012)
  • Lady Irene:
    • 8m at 4.09 g/t Au from 138m (MGPRC009)
      • including 1m at 16.57g/t Au from 143m
• Aspacia assays confirm the high-grade historically mined underground is still open both at depth and along strike, with multiple lodes intersected warranting further testing
• Geological theory confirmed at Lady Irene, which presents attractive targets for follow- up drilling within Lady Irene and along the largely untested 7km Northern Trend including additional strike gained from recent Ardea tenement swap1
• Drilling now completed at Menzies, with assays received for 19 holes and assays pending for a further 18 holes at Aspacia and the Lady Shenton-Lady Harriet “Link Zone”
• Rig has mobilised to Cork Tree Well (Laverton Gold Project) for ~2,000m RC campaign. Drilling is underway with six holes completed to date
• Initial clearing at Selkirk commenced ahead of mining fleet mobilisation in late July

The increased geological understanding from the Lady Irene program will allow us to refine drilling targets in the Northern Trend of our Menzies Gold Project, with several targets already identified for further investigation along the 7km of under-explored tenure, including our recently acquired tenement package from Ardea Resources Ltd1. The rig also completed a program at Aspacia targeting high grade ‘Menzies style’ mineralisation under the Aspacia headframe around the historical underground mine; and also tested three targets in the Lady Shenton-Lady Harriet “Link Zone” which presented a great opportunity to explore for shallow oxide material whilst the rig was on site.

Figure 1 - Drilling MGPRC012 at Aspacia with Lady Shenton waste rock dump in background

Historic records from Aspacia suggest a +30g/t Au head grade, which is replicated in our drilling results received thus far with an unexpected stope void intercepted in the Aspacia West area, suggesting potential for structural repeats or stacked lodes, which will be assessed once all assays are received and interpreted.

On a recent site visit to Menzies, we were also pleased to see activity at Selkirk, with a locally based company in Menzies Mining Pty Ltd doing the initial clearing work in preparation for the mobilisation of equipment and facilities later this month by our JV Partners, BML Ventures Pty Ltd.”

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.