Brightstar Assets Restricted (ASX: BTR) (Brightstar) is happy to announce the primary spherical of non-priority assay outcomes from sixteen Geotechnical diamond drillholes at Cork Tree Effectively (CTW) throughout the Laverton Gold Challenge (LGP). These sixteen holes have been a part of a broader 20-hole diamond drilling program1 designed for metallurgical and geotechnical functions.
HIGHLIGHTS
- Assays acquired from the primary two geotechnical diamond holes accomplished at Cork Tree Effectively with gold assays as much as 16.83g/t Au
- Excessive-grade outcomes beneath present pit shell design offers confidence for anticipated mineralisation extensions at depth
- Intercepts returned embody 8.4m @ 3.97g/t Au from 141.65m (CTWGT008), together with:
- 0.35m at 16.83 g/t Au from 141.65m, and
- 1.0m at 8.67 g/t Au from 145m
- Intercepts returned from CTWGT007 (beneath the historic open pit) embody:
- 8.2m @ 1.67g/t Au from 103m
- CTWGT007 and CTWGT008 have been drilled perpendicular to the orebody beneath the northern portion of the traditionally mined southern pit at Cork Tree Effectively, with the gold mineralisation solely contained inside a quartz breccia sedimentary unit
- Metallurgical and geotechnical take a look at work packages underway to feed into PFS workstreams
Brightstar’s Managing Director, Alex Rovira, commented“It’s pleasing to see additional high-grade assays persevering with from non-priority geotechnical holes from the diamond drilling program that was accomplished at Cork Tree Effectively. CTWGT008 returned an intersection of 8.4m @ 3.97g/t Au from 141.65m, which enhances the beforehand announced2 intersection of 11.4m @ 3.1g/t Au (CTWMET001) drilled 200m to the north.
The metallurgical and geotechnical drilling marketing campaign, carried out in Q1, represents the primary diamond holes drilled at Cork Tree Effectively by Brightstar, with analyses of gold mineralisation now underway after the latest completion of geotechnical logging and sampling. Geotechnical parameters are being strengthened by the information gained from this just lately accomplished program.
As we speak’s outcomes proceed to bolster our view that the gold mineralisation at Cork Tree Effectively is structurally hosted, with gold mineralisation returned in CTWGT007 and CTWGT008 being positioned inside a chert-breccia horizon within the sedimentary package deal beneath the traditionally mined shallow open pit.
The sixteen Geotechnical drillholes (CTWGT001 – CTWGT016) have been drilled into the present optimised $2,750/oz pit- shell(s) generated within the 2023 Scoping Study3 with CTWGT007 and CTWGT008 designed by Brightstar’s unbiased geotechnical consultants concentrating on structural and rock mass information. Each CTWGT007 and CTWGT008 have been drilled perpendicular to the orebody and thus reported intersections signify estimated true widths of great mineralised intercepts.
Given the calibre of the assays acquired from the drilling up to now, Brightstar continues to see robust potential to construct on the prevailing 303koz @ 1.4g/t Au Mineral Resource4 each at depth with high-grade plunging shoots and strike extensions concentrating on the structurally-controlled mineralised traits. The high-grade outcomes returned up to now are considerably increased than the present 1.4g/t Au head grade of the Mineral Useful resource and 1.85g/t mine grade from the 2023 Scoping Examine, representing important upside to each metrics.
We sit up for updating shareholders with extra data on our diamond program, which kinds the premise for metallurgical and geotechnical take a look at work inside our Pre-Feasibility Examine underway.”
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