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Brightstar Resources (ASX: $BTR) commences diamond drilling at Cork Tree Well

Brightstar Resources' Diamond Drilling Commencement at Cork Tree Well


Brightstar Resources Limited (ASX: $BTR) has announced the commencement of diamond drilling at Cork Tree Well (CTW) in the Laverton Gold Project. The program, consisting of twenty holes and approximately 2,000m, is designed for metallurgical and geotechnical test work as part of the Pre-Feasibility Study (PFS) currently underway. The company is also anticipating the imminent release of assays for RC drilling completed at the Menzies Gold Project in Q4 2023.

Executive Commentary on Diamond Drilling Commencement


As part of the PFS work streams underway, Brightstar has commenced the maiden diamond drilling campaign at Cork Tree Well in order to generate information both within the ore zones and the designed pit walls, which will provide the requisite material for metallurgical test work and improve Brightstar's knowledge of geological and geotechnical domains within the CTW area. It is an exciting time to be drilling, growing our mineral resource base, completing the technical work for the PFS underway and also see the progress our joint venture partners BML are making with the Selkirk mining campaign, which is due to conclude this quarter. A successful mining campaign at Selkirk will see positive cashflow generated for Brightstar to continue to fund exploration efforts across the Laverton and Menzies Gold Projects.

Summary of Diamond Drilling Commencement and Future Outlook


Brightstar Resources has initiated a diamond drilling program at Cork Tree Well, marking a significant step in the company's efforts to gather essential data for metallurgical and geotechnical purposes as part of the ongoing Pre-Feasibility Study. Additionally, the imminent release of assays for RC drilling completed at the Menzies Gold Project is expected to provide further insights. The company's Managing Director, Alex Rovira, expressed optimism about the progress and highlighted the potential positive cashflow from the Selkirk mining campaign, which would support continued exploration efforts. Brightstar's focus on growing its mineral resource base and completing technical work for the PFS demonstrates its commitment to future development and expansion across the Laverton and Menzies Gold Projects.

Sourcehttps://announcements.asx.com.au/asxpdf/20240110/pdf/05z9h28zv2trz0.pdf

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