Heritage Survey Completed and Drilling Commences at Menzies

Brightstar Resources Limited (ASX: BTR) (Brightstar or the Company) is pleased to announce that reverse circulation drilling has recommenced at Menzies, with a program targeting shallow, near surface mineralisation at Link Zone and potential high-grade underground material at Aspacia. In particular, the Aspacia program is designed to confirm strike lengths of ~700m with drilling down to 170m vertical depth in certain sections; whilst Link Zone represents an opportunity for Brightstar to expand on the recently announced maiden JORC Mineral Resource Estimate (MRE) and prove up additional shallow mineralisation for potential fast-tracked open pit mining opportunities.

HIGHLIGHTS

• Heritage Survey completed of Menzies Gold Project by Watarra Darlot Native Title Group covering proposed mining areas at Lady Shenton, Yunndaga and Link Zone and key exploration areas
• ~5,000m Reverse Circulation drilling campaign underway at Aspacia and Link Zone
• Diamond drilling program planned for Cork Tree Well (Laverton Gold Project) to commence in January for geotechnical assessment and metallurgical testwork purposes

Brightstar’s Managing Director, Alex Rovira, commented: “In preparation for mining activities at Menzies, we have recently spent a week onsite with members of the Watarra Darlot Group conducting a comprehensive archaeological and ethnographical survey of our Menzies Gold Project. Key areas of focus for the survey were the mining centres outlined in the Scoping Study, the Link Zone and important exploration areas including Aspacia and the underexplored Northern Trend at Menzies. The successful completion of the survey and engagement with the Watarra Darlot Group is an important step to ensure our social license to operate at Menzies as we progress through towards production. Importantly, the survey has cleared previously unsurveyed areas within the Northern Trend at Menzies, where Brightstar will be conducting further greenfields exploration.

We’re excited to recommence drilling at our Aspacia and Link Zone prospects, with the program expected to refine and expand our knowledge of strike and depth extensions to known mineralisation previously intercepted by Brightstar drilling throughout 2023.”

Brightstar is also actively planning further drill programs to commence in Q1, 2024 using diamond core and reverse circulation drilling techniques for geotechnical and metallurgical property testing of various deposits within the Scoping Study.

Figure 1 – Regional Geology of Menzies Gold Project area with resource outlines

ASPACIA DRILLING PROGRAM

The Aspacia Prospect is located approximately 800m south of the Selkirk deposit, which is currently being mined under the mining joint venture with BML Ventures Pty Ltd.

Aspacia contains multiple high-grade lodes, including the Aspacia Main and Aspacia West Lodes, Pandora and Etrenna Lodes. Historic records indicate that past production at Aspacia was modest in size but very high grade with a production head grade of 35.7g/t1 including a 100m deep shaft at Aspacia.

Compilation and interpretation of historical drilling and mine survey data, in conjunction with results from Brightstar’s 19-hole RC drilling program completed earlier in the year, were utilised to develop a mine void and mineralisation model created by Brightstar. This model is being utilised to vector exploration efforts to determine if the multiple mineralised horizons extended materially beyond currently defined boundaries laterally and at depth.

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