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Brightstar Resources (ASX:BTR) has found the presence of continuous high-grade gold within an optimised pit shell at the Nelson deposit in Western Australia.
The intercepts from the completed drilling program, shared in a company report today, include 40 metres at 1.89 grams per tonne (g/t) of gold (Au) from 178 metres, including 15 metres at 3.07 g/t Au from 196 metres.
Other results included 22 metres at 2.38 g/t Au from 228 metres; 22 metres at 2.05 g/t Au from 216 metres; four metres at 4.23 g/t Au from 172 metres; and – in one hole – 14 metres at 2.27 g/t Au from 212 metres, including four metres at 4.97 g/t Au from 212 metres.
Fourteen reverse circulation (RC) holes were drilled for approximately 3,700 metres; this was designed to infill mineralisation within a portion of current mineral resource.
Following the hit, Brightstar is now seeking to update its mineral resource estimate (MRE) for its Sandstone gold project, which is measured at 1.5 million ounces at 1.5 g/t Au from surface, through a strong program of RC drilling which comprises 55,000 metres across multiple deposits.
Its RC rig has now been moved to the new drilling focal point of Vanguard Camp, where it will be targeting along strike and down plunge extensions, as well as infilling key areas of the high-grade Vanguard North deposit.
“The results from our first drill program at the Lord Nelson deposit within our Sandstone Gold Project are significant, highlighting the continuity of the high-grade mineralisation and the robustness of the current mineral resource,” managing director Alex Rovira said after sharing the news.
“Drilling is ongoing with the RC rig now at the Vanguard Camp, infilling key areas for future resource upgrades and targeting extensions to the high-grade Vanguard North deposit.
“This drilling represents the start of our exploration focus at Sandstone and with over 80,000m of total drilling planned for the year at our Sandstone Hub, we look forward to rapidly advancing these assets through systematic and sustained exploration and feasibility study workstreams.”
Brightstar has been trading at 2 cents this morning.
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