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- Reported results continue to affirm Brightstar’s expectations for Sandstone
- Emerging as a material WA gold camp with significant scale and upside
- Drilling is continuing with four rigs active
- RC drilling program completed at the Goldfields Hub
Brightstar Resources’ (ASX:BTR) belief that its Sandstone gold project has the potential as a WA gold camp has been boosted with results from ongoing diamond core (DD) and reverse circulation (RC) drilling programs.
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Drilling at Sandstone, which hosts a current Mineral Resource Estimate (MRE) of 2.4 million ounces, was focused on infill programs at key deposits across the Sandstone Hub.
MD, Alex Rovira, said assays results from Sandstone continue to provide compelling validation of the quality, scale and development upside of the gold project ahead an imminent mineral resource update.
“The drilling at Bull Oak confirms high-grade continuity at depth within extensive lower-grade mineralised envelopes, emulating the geology and mineralisation observed at Two Mile Hill-Shillington and highlighting genuine bulk-tonnage potential across these two deposits – both within five km from the proposed plant site,” Mr Rovira said.
“Achilles drilling continues to exceed expectations, with robust mineralisation now consistently delineated across both mafic and granitic lithologies. This materially strengthens our confidence in converting a substantial portion of the deposit to the Indicated category, further de-risking our development pathway.
“With four rigs operating across the Sandstone Hub, Brightstar continues to build momentum towards the release of an updated Mineral Resource Estimate this month complemented by a second update later this year. These catalysts will underpin delivery of our Pre-Feasibility Study later this calendar year alongside Brightstar’s strategy to unlock substantial long-term value from this major Western Australian asset.”
Elsewhere, a RC drilling program has also been completed at the Goldfields Hub, targeting infill and resource extension at the Lord Byron deposit ahead of commencement of open pit mining later in CY26, with assays pending.
BTR is steady at 33.5¢. Mkt cap $367.7M.
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