High Grades in Sandstone Drilling, incl 4m @ 59g/t Au

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Stock Brightstar Resources Ltd (BTR.ASX)
Release Time 23 Jan 2025, 8:19 a.m.
Price Sensitive Yes
 High Grades in Sandstone Drilling, incl 4m @ 59g/t Au
Key Points
  • Final results from Whistler deposit include 4m @ 59.0 g/t Au and 5m @ 7.64 g/t Au
  • Significant intercepts from Montague-Boulder deposit include 2m @ 33.7 g/t Au and 1m @ 66.7 g/t Au
  • Results confirm high-grade extensions and bode well for planned follow-up growth-focused programs
Full Summary

Brightstar Resources has received final results from a ~6,000m Reverse Circulation (RC) drilling program completed in Q4 2024, targeting depth extensions and infill resource drilling at the Whistler and Montague-Boulder deposits located 70km north-east of Sandstone. Key results include 4m @ 59.0 g/t Au from 24m in WHRC24006 and 2m @ 33.7 g/t Au from 100m in MBRC24024 at the Montague-Boulder deposit. All assay results from the Montague-Boulder deposit have now been returned, with other significant intercepts including 1m @ 66.7 g/t Au, 7m @ 5.39 g/t Au, and 3m @ 8.27 g/t Au. The results have confirmed material high-grade extensions to known mineralization and bode well for planned follow up growth-focused programs targeting increases to the Mineral Resources. Drilling has recommenced at the Lord Nelson deposit, continuing from where the 2024 campaign paused before Christmas. The consolidated Sandstone Gold Project hosts 1.5Moz at 1.5 g/t Au from surface, and Brightstar is undertaking an aggressive 55,000m RC drilling program to rapidly expand the existing Mineral Resource.

Outlook

Brightstar is undertaking an aggressive 55,000m RC drilling program to rapidly expand the existing Mineral Resource at the Sandstone Gold Project, which currently stands at 1.5Moz at 1.5 g/t Au. The latest high-grade drilling results from the Whistler and Montague-Boulder deposits bode well for planned follow-up growth-focused exploration programs.