Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Brightstar Resources Ltd.
Project name: Cork Tree Well
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 26m @ 2.97g/t Au from 111m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Brightstar Resources Limited (ASX: BTR) (Brightstar or the Company) is pleased to announce further assay results from the successful RC drilling program at Cork Tree Well, located in the Laverton Gold belt of Western Australia. Commenting on the latest results, Managing Director, Mr Hobba, said: “The opportunity for Brightstar at the Cork Tree Well project continues to grow with more intersections returned down-dip and outside of the current JORC Resource envelope. With an additional 22 holes returned in this latest batch of analyses, we have now received 69 holes of the 89 holes completed at Cork Tree Well. We are keen to share the results of the final 20 holes when received, and QAQC and analytical review is completed.” Discussion of Results Results to date from the Cork Tree Well RC drilling program (69/89 holes) have confirmed the location of the lodes as interpreted in the current Resource model, furthermore the average grade of many of the intersections appear to be higher than previous holes and the modelled Resource headgrade. Brightstar therefore expects these results to contribute to a more robust JORC compliant Resource and eventually JORC compliant Reserve. For the first exploration program conducted on this area since 2012 this is an encouraging outcome.
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