Brightstar Resources Limited (ASX:BTR) Announcement Highlights

Brightstar Resources Limited (ASX:BTR) has announced the receipt of further drill assays from the Jasper Hills Gold Project, particularly at the Fish deposit, with significant gold intercepts. The company's Managing Director, Alex Rovira, commented on the results, emphasizing the high-grade nature of the resource and the ongoing geological interpretations being conducted across the Brightstar portfolio. The drilling program also included geotechnical diamond core drilling at the Cork Tree Well deposit, with pleasing results received for open pit mining assessment.

Executive Commentary on Recent Results

Alex Rovira, Managing Director of Brightstar Resources, expressed satisfaction with the assays returned from the Fish deposit, confirming the high-grade nature of the resource. He highlighted the consistent mineralization over several meters, supporting conventional underground mine designs and stoping widths at shallow depths. Rovira also mentioned the ongoing geological interpretations being conducted across the company's portfolio, with a field team mobilizing for a RC program at the Montague East Gold Project in Sandstone in the coming months. Additionally, he discussed the pleasing results from the geotechnical diamond core drilling at the Cork Tree Well deposit, which were obtained for gaining geotechnical data for open pit mining and are being utilized for the Definitive Feasibility Study currently underway.

Summary of ASX Announcement and Outlook

The recent drill assays from the Jasper Hills Gold Project's Fish deposit have confirmed the high-grade nature of the resource, with consistent mineralization over several meters. These results are expected to contribute to early cash flows from the development of the Jasper Hills Gold Project. Brightstar's scoping study outlines Stage 1 production expectations, and ongoing geological interpretations are being conducted across the company's portfolio. The geotechnical information obtained from the Cork Tree Well deposit is being utilized for the Definitive Feasibility Study, and the company looks forward to sharing ongoing results as they are received. With significant progress made in the drilling programs at Menzies and Laverton Gold Projects, Brightstar is advancing through Definitive Feasibility Study workstreams, with potential near-term development of mining operations being assessed at the Jasper Hills deposit.