USD $4,165.18
Goldman Final assay results complete Brightstar’s RC drilling at Lady Shenton, showing promising mineralisation for future resource updates
Brightstar Resources Limited (ASX: BTR) has reported the final assay results from its Reverse Circulation (RC) drilling at the Menzies Gold Project, specifically within the Lady Shenton System. The program, part of the broader 287,000-ounce gold deposit at Menzies, has delivered multiple high-grade intercepts, underscoring the project’s potential.
Key results from the RC drilling campaign included:
- LSRC24014: 4m at 22.4 g/t Au from 74m, including 1m at 80.4 g/t Au from 75m
- LSRC24039: 10m at 7.1 g/t Au from 129m, including 1m at 55.4 g/t Au from 132m
- LSRC24023: 1m at 12.34 g/t Au from 81m, and 9m at 1.28 g/t Au from 152m
- LSRC24026: 2m at 8.0 g/t Au from 132m, and 8m at 1.78 g/t Au from 119m
- LSRC24012: 3m at 4.66 g/t Au from 41m
This program concludes the RC component of Brightstar’s 30,000-metre drilling initiative, which contributes to the company’s Definitive Feasibility Study (DFS). Material from these assays is now being processed at metallurgical laboratories for Mineral Resource Estimate (MRE) updates, geotechnical assessments, and mining optimisation workflows, with results anticipated in the first half of 2025.
Brightstar’s Managing Director, Alex Rovira, commented:
The high-grade and wide intercepts received from this drilling campaign build on our existing knowledge of the Lady Shenton System, with these results showing consistent mineralisation within and immediately below the A$2,750/oz pit shell generated during our Scoping Study. At the time, this gold price was considered conservative and even more so given that the current spot gold price is over A$4,100/oz.
We intend to immediately commence a Mineral Resource Estimate update for this deposit, with the view to building high levels of confidence in our DFS mine design in parallel with other workstreams currently underway. We are also progressing approvals for Menzies, with proactive environmental planning and community engagement ongoing to facilitate mining operations targeted to commence in 2025.
With these Menzies RC assays now received, we look forward to receiving the outstanding Fish and Lord Byron diamond hole assays from the Jasper Hills Project over the coming weeks, along with re-commencing RC drilling at our newly acquired Montague East Gold Project located north of Sandstone in the Murchison region.
