Brightstar Resources Limited (ASX: BTR) has successfully completed a successful RC drilling programme at Cork Tree Well, located in the Laverton Gold belt of Western Australia.
Managing Director, William Hobba, said the results continue to correlate very well with Brightstar’s geological model and exceed its expectations for grade profile within the Cork Tree Well deposit.
“This latest batch of assays for an additional 21 holes mean we have now received 47 holes in total from the program of 89 holes completed at Cork Tree Well.
“We eagerly await the balance of the gold assays as well as the multi-element nickel assays in line with our previous ASX announcement, including re-assays of the original intercepts. Results will be announced when analysed and QAQC processes completed.”
Highlights
• High-grade gold assays returned in shallow RC drilling, including:
o 16m @ 3.26 g/t Au from 112m (BTRRC022) 12m @ 4.25 g/t Au from 131m (BTRRC031)
o 7m @ 3.03 g/t Au from 58m (BTRRC081)
o 6m @ 2.60 g/t Au from 68m (BTRRC081)
o 7m @ 2.28 g/t Au from 69m (BTRRC083)
o 2m @ 6.23 g/t Au from 137m (BTRRC078)
o 2m @ 16.84 g/t Au from 96m (BTRRC075)
Overview
Results for the drilling programme, the first exploration programme conducted on this area since 2012, have been received for 47 holes along the Cork Tree Well deposit. The completed approximately 12,000m and 89-hole programme was designed to infill and extend the current JORC Resource of 237koz @ 1.9g/t Au.
Gold assays received to date continue to provide confidence that the Resource is robust and will convert to higher confidence JORC Resource categories and ultimately a JORC Reserve once declared.
Significant (> 1g/t Au) assays were returned in 36 of the 47 holes assayed to date. The results continue to conform closely with Brightstar’s geological model and show continuity down dip and along strike.
Mr Hobba said the drilling results are encouraging with the grade exceeding the JORC Resource grade profile in many areas of the Resource envelope.
The best intersection returned so far is 16m @ 3.26g/t Au from 112m from BTRRC022.
For further information please visit: http://www.brightstarresources.com.au/
