Brightstar Resources Limited (ASX: BTR) deliver the final assay results from its Reverse Circulation drilling program at the Menzies Gold Project, a key component of its extensive two-million-ounce gold portfolio. It sought to extend its drilling efforts across the portfolio to enhance its Goldfields assets' current JORC Mineral Resource Estimates.
Brightstar's Managing Director, Alex Rovira, stated, the impressive high-grade and wide intercepts from this campaign significantly deepen the understanding of the Lady Shenton System. These results reveal consistent mineralization within and just beneath the AU$2,750/oz pit shell derived from its Scoping Study—considered conservative, especially with the current spot gold price exceeding AU$4,100/oz. Moreover, the company is making substantial progress in securing the necessary approvals for Menzies, driven by focused environmental planning and community engagement. This will ensure that mining operations are on track to commence in 2025.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.