Brightstar Resources Limited reports strong gold grades from recent reverse circulation drilling at Menzies.

Oct 29, 2024

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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