Connect with us

Hi, what are you looking for?

Money And WelfareMoney And Welfare

Investing News

Diamond Drilling Commenced at Cork Tree Well

Brightstar Resources Limited (ASX: BTR) (Brightstar or the Company) is pleased to announce that diamond drilling has commenced at Cork Tree Well (CTW) in the Laverton Gold Project, with a twenty hole, ~2,000mprogram designed for metallurgical and geotechnical purposes. The diamond drilling is targeted across the open pit shells delivered in the Scoping Study1 released in September 2023 (see Figure 1).


Inaugural diamond drilling program has commenced at Cork Tree Well at the Laverton Gold Project~2,000m diamond drilling program is designed for metallurgical and geotechnical test work as part of the Pre-Feasibility Study underwayAssays for RC drilling completed at the Menzies Gold Project in Q4 2023 due imminently

Brightstar’s Managing Director, Alex Rovira, commented: “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.

We are also expecting to receive assay results from reverse circulation drilling competed at the Aspacia and Link Zone deposits at the Menzies Gold Project in December. This 5,000m program was designed as extensional and infill drilling to grow the existing resource at the Link Zone, and provide sufficient drill density to potentially declare a maiden resource at Aspacia.

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.

This ASX announcement has been approved by the Managing Director on behalf of the board of Brightstar.

Click here for the full ASX Release

This post appeared first on

You May Also Like

Stock News

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

Stock News

SPX Monitoring Purposes: Long SPX 8/9/23 at 4467.71. Long SPX on 2/6/23 at 4110.98: Sold 6/16/23 at 4409.59 = gain of 7.26%. Gain since...

World News

An hour before the public release of an indictment that alleges the former president of the United States led a criminal conspiracy to overturn...

Investing News

Description The securities of Melodiol Global Health Limited (‘ME1’) will be placed in trading halt at the request of ME1, pending it releasing an...