Brightstar Resources Limited (ASX: BTR) has announced a maiden mineral resource estimate (MRE) at its Link Zone at the Menzies Gold Project (MGP). This MRE was undertaken on over 200 reverse circulation (RC) holes including a recent programme completed with gold intercepts including 1m @13.95g/t and 4m @3.21g/t.
“We are excited to announce this latest increase to our gold inventory, with the new ounces at Link Zone providing strong potential for future near-term mining scenarios. The Link Zone prospect is a near surface opportunity with potential for strong economics given the shallow depth to mineralization and favourable ore body geometry,” Brightstar’s managing director, Alex Rovira, commented.
“With the prefeasibility study (PFS) work streams underway, RC drilling will be commencing this quarter at the MGP, focusing on infill/extensional drilling at Link Zone (for potential fast-tracked development optionality) and at the high-grade Aspacia Prospect, which represents significant potential to delineate a maiden high-grade mineral resource for inclusion in the PFS mine plan.”
Highlights included Brightstar identifying the Link Zone as having the potential to generate operational working capital to organically fund exploration and development activities. The MRE displays favourable orebody characteristics of near surface stacked lodes, oxidized material, likely low strip mining and is still open at depth and along strike at all three deposits within the Link Zone.
A higher-grade core within the MRE of approximately 100Kt @2.0g/t Au for +6Koz illustrates the potential for modest scale mining operations that is synergistic and value accretive to the larger scale development of Brightstar’s Menzies and Laverton Gold Projects.
PFS work streams for the Menzies and Laverton Gold Projects are underway with drilling to be completed in Q4. Further work planned to advance the Link Zone deposit includes infill & extensional drilling, fast-tracking mining approvals and assessing mining scenarios.
For further information, please visit: www.brightstarresources.com.au
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