Brightstar Assets Restricted (ASX: BTR) (Brightstar) is happy to announce the ultimate assay outcomes from the Reverse Circulation (RC) drilling program on the Menzies Gold challenge (Menzies), a part of the big RC and diamond drilling (DD) program throughout the broader 2Moz Au Brightstar portfolio. The infill program focused gold mineralisation inside delineated pit shells and underground designs outlined inside Brightstar’s Scoping Studies3,4 together with extensional drilling throughout the portfolio to develop the present JORC Mineral Useful resource Estimates inside Brightstar’s Goldfields belongings.
HIGHLIGHTS
- The ultimate assays have been obtained for infill RC drilling performed on the Pericles deposit, inside the bigger 287koz Au Woman Shenton System on the Menzies Gold Challenge
- Drilling outcomes included huge and high-grade intercepts (>10 gram-metres) together with:
- LSRC24014
- 4m at 22.4 g/t Au from 74m, together with 1m at 80.4 g/t Au from 75m, and
- 6m at 2.30 g/t Au from 92m
- LSRC24042
- 4m at 14.9 g/t Au from 0m, and
- 12m at 1.87 g/t Au from 129m
- LSRC24039
- 10m at 7.1g/t Au from 129m, together with 1m at 55.4g/t from 132m
- LSRC24032A
- 12m at 3.87g/t Au from 123m, and
- 1m at 15.5g/t Au from 110m
- LSRC24029
- 4m at 6.77g/t Au from 131m, together with 1m at 19.1g/t Au from 133m
- LSRC24028
- 7m at 3.82g/t Au from 121m
- LSRC24025
- 6m at 3.51g/t Au from 108m
- LSRC24013
- 7m at 2.89g/t Au from 58m, together with 1m at 13.4g/t from 64m
- LSRC24011
- 7m at 2.81g/t Au from 81m, together with 1m at 14.0g/t Au from 87m
- LSRC24022
- 2m at 9.13g/t Au from 81m, and
- 2m at 5.23g/t from 60m
- LSRC24026
- 2m at 8.0g/t Au from 132m, and
- 8m at 1.78g/t Au from 119m, and
- 7m at 1.57g/t Au from 138m
- LSRC24012
- 3m at 4.66g/t Au from 41m
- LSRC24023
- 1m at 12.34g/t Au from 81m, and
- 9m at 1.28g/t from 152m
- LSRC24014
- This program completes the drilling element of the beforehand introduced Definitive Feasibility Study1 and +30,000m drilling program2, with materials presently being assessed at metallurgical laboratories in parallel with Mineral Useful resource Estimate updates, geotechnical research and deliberate mining optimisation workflows deliberate for supply in H1 2025
Brightstar’s Managing Director, Alex Rovira, commented“The excessive grade and huge intercepts obtained from this drilling marketing campaign builds on our current information of the Woman Shenton System, with these outcomes displaying constant mineralisation inside and instantly beneath the A$2,750/ouncespit shell generated throughout our Scoping Research. On the time, this gold worth was thought of conservative and much more so provided that the present spot gold worth is over A$4,100/oz.
We intend to right away begin a Mineral Useful resource Estimate replace for this accretion, with the view to constructing excessive ranges of confidence in our DFS mine design in parallel with different workstreams at present underway. We’re additionally progressing approvals for Menzies, with proactive environmental planning and neighborhood engagement ongoing to facilitate mining operations focused to begin in 2025.
With these Menzies RC assays now obtained, we sit up for receiving the excellent Fish and Lord Byron diamond gap assays from the Jasper Hills Challenge over the approaching weeks, together with re-commencing RC drilling at our newly acquired Montague East Gold Challenge situated north of Sandstone within the Murchison area”.
Determine 1 – Woman Shenton location inside broader Menzies Gold Challenge
TECHNICAL DISCUSSION
A grand whole of 58 holes have been drilled in two campaigns on the Pericles deposit throughout 2024, with outcomes from 26 drill holes launched beforehand on eighth July 2024 together with intercepts equivalent to 5m at 15.62g/t Au from 104m (LSRC24049) and 2m at 22.32g/t Au from 95m (LSRC24051). All assays from the second marketing campaign have now been obtained and assessed, with data introduced in Tables 2 & 3 and Figures 2 & 3 of this launch.
As a part of the September 2023 Scoping Research for the Menzies and Laverton Gold Initiatives, Brightstar commissioned unbiased mining engineering consultants to finish open pit optimisations at a conservative gold worth of A$2,750/ouncesAu for a “base case” state of affairs evaluation as proven in Determine 3. On the time of reporting, the gold worth assumption used within the Scoping Research is considerably beneath the spot gold worth of +A$4,100/oz.
Determine 2 – Woman Shenton System drilling program (Pericles Deposit) Cross part A-A’ is displayed in Determine 3
The general program, which was accomplished in two campaigns to permit for a chance to fast-track drilling on the Jasper Hills Gold Challenge, was designed to verify mineralised lode positions inside the $2,750/ouncespit shell with the intent of infilling key areas to extend mineral useful resource estimate confidence to assist the potential declaration of Ore Reserves as a part of the DSF.
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