Brightstar Assets Restricted (ASX: BTR) (Brightstar) is happy to announce the graduation of its inaugural drilling program on the just lately acquired1 Montague East Gold Mission (Montague), positioned 70km north of Sandstone in Western Australia’s Murchison area.
HIGHLIGHTS
- Brightstar has commenced a ~6,000m Reverse Circulation drilling program on the Montague East Gold Mission, concentrating on depth extensions and infill useful resource drilling on the Montague-Boulder and Whistler deposits
- Montague-Boulder and Whistler are the biggest two deposits at Montague, with a mixed gold useful resource of 4.7Mt at 1.8g/t Au for 283koz Au
- This system will take roughly 4 weeks to finish, earlier than mobilising the drill rig to finish a deliberate drilling program at Alto’s Sandstone Mission upon anticipated merger completion in December
- Brightstar has additionally executed a Heritage Safety Settlement between Watarra Aboriginal Company and Brightstar Assets over the Menzies Gold Mission
With previous manufacturing within the 1990’s at a number of deposits throughout Montague, trendy exploration has outlined a world useful resource of 526koz Au which features a appreciable part of shallow oxide materials2 which is being focused for useful resource progress and preliminary drilling forward of feasibility research workstreams that are deliberate to happen throughout 2025.
Brightstar’s Managing Director, Alex Rovira, commented“With the current completion of our vital drilling applications throughout our Goldfields property in Menzies and Laverton, our exploration efforts at the moment are centered on the Murchison property positioned within the Sandstone area. With a +500koz gold endowment throughout the Montague East Gold Mission, we stay up for concentrating on the biggest two deposits which embody the 163koz Au Montague-Boulder deposit, and the 120koz Au Whistler deposit.
We imagine these property have a robust risk of useful resource progress, and our drill applications are concentrating on lode extensions at depth and in addition infilling key areas to offer extra geological data on these deposits to extend mineral useful resource classification confidence. With a previous manufacturing of ~150koz, the Montague East Gold Mission is a key a part of our Sandstone consolidation technique and our broader aspirations of constructing a multi-asset and significant WA gold mining enterprise.”
Determine 1 – Deliberate RC Drilling on the Whistler and Montague-Boulder Deposits
Determine 2 – RC Drill Rig at Whistler
Subsequent steps
Brightstar will announce drilling data and assays as that is obtained, together with the excellent outcomes from the Fish and Lord Byron diamond drilling applications together with RC drilling from the Montague program.
Concurrently with these drilling applications, work continues on the Definitive Feasibility Examine and near-term growth of mining operations on the Jasper Hills deposit.
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