Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce further assay results from the Link Zone Reverse Circulation (RC) drilling program, part of the large RC and diamond drilling (DD) program across the broader 1.45Moz Brightstar portfolio. The program is targeting gold mineralisation within delineated pit shells and underground designs outlined within Brightstar’s Scoping Studies2,3 along with near-term development assessment of the Link Zone deposit comprising the Westralian Menzies, Merriyulah and Golden Dicks deposits.
HIGHLIGHTS
- Remaining assays received for the RC drilling completed at the Link Zone deposit at the Menzies Gold Project, part of the +30,000m drilling program1, targeting resource upgrades & extensions across Brightstar’s portfolio
- Results produced a number of high-grade intercepts, confirming mineralisation within and outside A$3,000/oz Au optimised pit shells at shallow depths
- Intercepts returned at Link Zone include:
- LZRC24029:
- 9m @ 4.4 g/t Au from 18m, including 1m @ 29.1 g/t Au from 18m
- LZRC24011:
- 18m @ 1.2 g/t Au from 4m
- LZRC24016:
- 1m @ 20.2 g/t Au from 16m
- LZRC24013:
- 9m @ 1.75 g/t Au from 23m
- LZRC24021:
- 5m @ 2.0 g/t Au from 2m
- 4m @ 2.4g/t Au from 14m
- LZRC24029:
- Assays pending for 52 drillholes drilled at the Lady Shenton System targeting areas for infilling and resource confidence growth
- RC drill rig has commenced drilling at Second Fortune Gold Mine to prepare pre-collars for deep diamond drilling, which will occur after the diamond drill rig completes a geotechnical and metallurgical drill program at Link Zone
- Metallurgical and geotechnical consultants have been engaged to complete requisite studies for Link Zone after successfully completing their Selkirk workstreams
The first phase of the RC drilling program at the Menzies Gold Project (MGP) has been completed, with the RC rig now drilling at the Second Fortune mine. Drilling at Menzies comprised infill drilling at the Link Zone deposits and the Lady Shenton System. Link Zone is located ~1km south of the 287koz Lady Shenton deposit and ~1km north of the 43koz Lady Harriet System.
The program at Link Zone was focused on areas within and adjacent to A$3,000/oz Au optimised pit shells to potentially upgrade mineralisation into the Measured & Indicated Mineral Resource Estimate (MRE) categories. Further technical studies will follow prior to a potential “Decision to Mine” on the development of a small-scale mining operation, similar to the successful campaign completed at the Selkirk deposit which generated $13 million in profits4.
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