Excellent 90% recoveries at Cork Tree Well & Board Update

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Stock Brightstar Resources Ltd (BTR.ASX)
Release Time 17 Feb 2025, 9:37 a.m.
Price Sensitive Yes
 Excellent 90% recoveries at Cork Tree Well & Board Update
Key Points
  • Results from DFS-level metallurgical testwork programs at Cork Tree Well have returned recoveries in excess of 90%, including a high gravity gold content, ranging from 25% - 60%
  • Testwork shows low levels of deleterious elements, with minimal impact on metallurgical recoveries in all rock types
  • RC drill program being expedited to infill dolerite-hosted mineralisation at Delta and target high grade plunging lodes below the shallow historic pits
Full Summary

Brightstar Resources Ltd announced the metallurgical results from the 303koz Au Cork Tree Well (CTW) deposit within the Laverton Gold Project. The results were from a specific metallurgical diamond drilling program in 2024, with all final testwork completed and reported by Brightstar's independent metallurgical consultants. The testwork programs returned recoveries in excess of 90%, including a high gravity gold content, ranging from 25% - 60%. Metallurgical recoveries for all rock types in the Cork Tree Well mine area include: Dolerite-hosted mineralisation (Delta, Cork Tree Well North) - Oxide: 90-98%, Transitional: 90-98%, Fresh: 90-95%; Sediment-hosted mineralisation (Cork Tree Well South) - Fresh Chert: 91-96%, Fresh Shale: 90-94%. The testwork shows low levels of deleterious elements, with minimal impact on metallurgical recoveries in all rock types. Brightstar is expediting an RC drill program to infill dolerite-hosted mineralisation at Delta and target high grade plunging lodes below the shallow historic pits. Additionally, Brightstar's Non-Executive Director Matthew Bowles has resigned from the Board to pursue other business interests.