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- Brightstar Resources (BTR) reports “high-grade” extensions to gold mineralisation from recent drilling work at its Cork Tree Well (CTW) project in Western Australia
- The company says the mineralised intervals it intersected confirmed or extended locations of the gold lode in the northern part of the project
- Brightstar is now planning an additional drilling program to “aggressively” try to grow the size of the system
- The results from this extra drilling work could enable the company to begin the process of improving the current resource to ‘reserve’ status and initiate a pre-feasibility process
- Shares in Brightstar are trading grey at two cents per share at 12:46 pm AEST
Brightstar Resources (BTR) has confirmed “high-grade” extensions to gold mineralisation from recent drilling at its Cork Tree Well (CTW) project in Western Australia.
This program, which consisted of 31 reverse circulation (RC) holes for approximately 4750 metres, was developed to improve Brightstar’s understanding of the lode morphology and position to the north of the existing open pits following a previous RC program back in 2021.
The best results from the new program include five metres at 9.46 grams per tonne (g/t) gold from 103 metres and four metres at 2.56 g/t gold from 169 metres.
The company said the mineralised intervals it intersected confirmed or extended locations of the lode in the northern part of the project.
Holes drilled further north along-strike from the main lode did not intersect the lode in any significant way, which Brightstar said indicated that the main lode position may be pinched out and mineralisation development transferred to the eastern lode location.
Managing Director William Hobba said the results demonstrated further mineralisation continuity in this area that would likely improve the quality of the resource when included in future models.
“Subsequent to the successful drilling program last year that did not find the extents of the project to the north and the ensuing re-interpretation of the model, it was incumbent on the company to investigate the northern part of the deposit where there is less drilling density,” Mr Hobba said.
Brightstar said it would now potentially plan an additional drilling program to “aggressively” try to grow the size of the system
Drill holes are also planned to provide samples for metallurgical testing and geotechnical logging.
The results from this extra drilling work could enable the company to begin the process of improving the current resource to ‘reserve’ status and initiate a pre-feasibility process.
Shares in Brightstar were trading grey at two cents per share at 12:46 pm AEST.
