Brightstar Resources (ASX:BTR) reports it has increased the mineral resource to 252,100oz at its Cork Tree Well Project, located some 35km north of Laverton in Western Australia.
The results of its Mineral Resource Estimation (MRE) process follows drilling undertaken in Q4 2021 in which 90 reverse circulation (RC) drillholes were completed to confirm previous drill data and extend potential mineralised structures.
The completion of the program and the intersection of mineralisation in the majority of the drillholes has allowed Brightstar to announce the growth of the resource to 5.61Mt @ 1.4g/t Au for 252,100oz, representing an increase of 15,100oz.
The company reports that this is a significant result as it has confirmed both the grade and continuity of the mineralisation as was represented in previous mineral resource estimates.
This also shows the potential for growth that still exists for the Cork Tree Well Project.
Importantly, the company notes, mineralisation remains open down-dip and along-strike at CTW with many high-grade intercepts remaining to be followed up at depth.
Commenting on the results, Brightstar Managing Director Bill Hobba, said: “These results confirm Brightstar’s confidence in the CTW project and support further investment in the project.
“These results confirm Brightstar’s confidence in the CTW project”
The resource is proving to be robust and consistent with previously published models and is still growing.
We are excited to grow the project further and focus on the immediate exploration upside as we progress this excellent orebody towards potential production.”
Brightstar said the MRE has produced a ‘highly robust’ and reliable model that will provide a strong base for the future.
The company expects the resource can be grown from this point with the majority of the ‘high-grade’ intersections having not been closed off down-dip and require further follow-up drill testing.
The model is also now fit for optimisation and pre-feasibility which will allow Brightstar to undertake the process to move the project to a JORC compliant reserve.
Images: Brightstar Resources Limited
