Connect with us

Hi, what are you looking for?

Economy

High Grade Gold Assays Returned Within Menzies’ Lady Shenton System

Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce initial assay results from the Reverse Circulation (RC) drilling program at the Menzies Gold project (Menzies), part of the large RC and diamond drilling (DD) program across the broader +1.45Moz Au Brightstar portfolio. The broader program is targeting gold mineralisation within delineated pit shells and underground designs outlined within Brightstar’s Scoping Studies1,3 along with extensional drilling across the portfolio to grow the current JORC Mineral Resource Estimate.

HIGHLIGHTS

Initial assays have been received for the Pericles and Stirling deposits RC drilling program, within the 287koz Au Lady Shenton System at the Menzies Gold Project The Pericles and Stirling deposits are adjacent to the historic Lady Shenton open pit, and target material within the Lady Shenton System open pit mine plan of 1.9Mt @ 1.6g/t Au for 100koz Au inside a A$2,750/oz optimised pit shell, as outlined in Brightstar’s 2023 Scoping Study1 The Menzies drilling program is part of the +30,000m drilling program2, targeting resource upgrades & extensions across Brightstar’s 1.45Moz Au portfolio in the Eastern Goldfields Drilling intercepts returned at the Pericles and Lady Shenton deposits include: LSRC24049 5m at 15.62 g/t Au from 104m, including 1m at 45.76g/t Au from 104m, and 2m at 10.96 g/t Au from 115m LSRC24051 2m at 22.32 g/t Au from 95m, including 1m at 42.28g/t Au from 95m LSRC24053 7m at 4.94g/t Au from 115m, including 1m @ 27.82g/t Au, and 5m at 7.92g/t Au from 128m, including 1m at 28.48g/t Au from 128m LSRC24068 10m at 3.16g/t Au from 1m LSRC24066: 4m at 5.85 g/t Au from 13m LSRC24062: 4m at 4.51 g/t Au from 22m Shallow intercepts returned from drilling at the Stirling deposit include: STRC24017: 2m at 9.62 g/t Au from 4m, including 1m @ 16.50 g/t Au from 44m STRC24014: 3m at 2.73 g/t Au from 38m STRC24009: 6m at 1.88g/t Au from 16m and 1m at 4.10g/t Au from 29m STRC24010: 4m at 2.58 g/t Au from 63m, including 1m at 6.24g/t Au from 65m

These results are from the first phase of the RC drilling program at Menzies Gold Project (MGP), with the RC rig currently drilling at the Lord Byron deposit (part of the Jasper Hills project area) and the diamond rig presently at the Second Fortune Gold mine. Post completion of drilling within the Laverton Hub, the RC rig will return to Menzies to complete the outstanding holes and conduct exploration RC drilling in the area. The drilling at the MGP is focused largely on infill and extensional drilling at the Pericles, Stirling and Lady Shenton deposits (collectively, the Lady Shenton System) ahead of feasibility study workstreams in preparation for mining activities in CY2025.

Brightstar’s Managing Director, Alex Rovira, commented“These results from the Lady Shenton System highlight the immense potential that Menzies holds. With numerous high-grade hits in all three deposits at Pericles, Lady Shenton and Stirling indicating mineralisation is still open at depth, we look forward to completing the program once high priority drilling is completed at the Laverton Hub.

We’ve taken opportunity to bring on a third rig, with two RC rigs presently at Jasper Hills drilling out the Fish and Lord Byron deposits, whilst the diamond rig is maintaining good progress and accuracy with the ‘diamond tails’ being drilled at depth at the Second Fortune Mine. These programs will generate valuable information for our feasibility studies and ongoing mine plans, which will be utilised for geotechnical, metallurgical and mine planning purposes at our Menzies & Laverton Hubs”

TECHNICAL DISCUSSION

A total of 52 RC drill holes have been completed with assays returned at Menzies. These holes include 26 drill holes completed at the Pericles deposit (Figures 2, 3, 4 & 7), eight drill holes were completed at the Lady Shenton open pit ramp (Figure 2) and 18 holes completed at the Stirling deposit (Figures 2, 5 & 6).

Assay results and hole details for the drilling outlined above are detailed in Tables 1 – 4.

A further 36 RC holes are planned for future drilling in the coming weeks at Pericles (Figure 2) once the RC program at the Jasper Hills project concludes.

Click here for the full ASX Release

This post appeared first on investingnews.com
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Former First Lady Melania Trump will ‘most certainly’ have an influence on who her husband selects as a running mate for the 2024 presidential...

    Latest News

    It’s hard to tell who needs who more.Former President Trump or House Speaker Mike Johnson, R-La.It’s too early to say if Mr. Trump will...

    Investing

    Maximizing Profits in Forex with the XMaster Formula Indicator Key Takeaways: XMaster Formula Indicator is a reliable and accurate tool for Forex traders to...

    Editor's Pick

    On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...