Brightstar jags gold to 59g/t in latest WA | Australian Markets

Brightstar Assets’ 6000 metres of reverse circulation drilling accomplished in December produced a string of stable gold hits, together with 4m at 59 grams per tonne (g/t) from its Whistler and Montague-Boulder deposits close to Sandstone in Western Australia.

All three holes reported from Whistler within the latest release nailed gold. The highest-shelf 4m at 59g/t from 24m got here with two more hits of 3m at 1.35g/t gold from 176m and 5m assaying 7.64g/t gold from 82m.

A second gap at Whistler additionally gave up a respectable run of 9m at 7.16g/t gold from 123m.

Different promising hits from the Montague-Boulder deposit, centred simply 1300m south/southwest of Whistler, included a best end result of 2m going 33.7g/t gold from 100m, together with 1m assaying 66.1g/t gold from 101m.

A second gap bored out an spectacular 1m going 66.7g/t gold from 130m. A 3rd best response got here with 7m going 5.39g/t gold from 127m, together with 1m at 16.4g/t gold, which is simply over half a Troy ounce of the yellow metallic within the outdated parlance.

Each deposits and their associated gold intercepts lie within the instant neighborhood of earlier open pit developments or their partitions.

The ultimate outcomes from the Whistler deposit are extraordinarily encouraging, highlighting the broad, high-grade nature of the mineralisation. Equally, the outcomes from Montague-Boulder are significantly fascinating within the northern extents the place shallow dipping, high-grade mineralised shoots are noticed to increase past beforehand outlined lodes.

Mineralised buildings at Whistler, apart from a shallow flat-lying supergene zone, all dip steeply in the direction of the east, with the principal mineralised block sitting on a contact between a western granodiorite and an japanese basalt.

Brightstar says the mineralisation seems to be hosted within strongly silica-pyrite-chlorite altered granodiorite, related to quartz-carbonate veining.

Three of essentially the most sturdy mineralised buildings intercepted at Whistler stay open at depth. The utmost vertical depth of mineralisation within the deepest gap, which comprises the reported 59g/t end result, is about 155m beneath the natural floor degree.

The orientation of the mineralisation at Montague-Boulder differs markedly from that at Whistler. It contains a stack of flat-lying, west-dipping mineralised lodes.

In contemporary rock, the lodes are usually between 3m and 7m thick, with thinner higher-grade zones starting from 1m to 3m thick, with the deepest gold intercept within the reported knowledge sitting about 122m vertically beneath natural floor degree.

The 2 deposits lie within the Montague zone of the Gum Creek greenstone belt. They’re related to the margins of the Montague granodiorite, a felsic intrusion, with Whistler sitting at its northern extremity and Montague-Boulder on its western margin.

The Whistler deposit is at the moment on Brightstar’s books with an estimated mineral useful resource of 1.7 million tonnes grading 2.2g/t gold for a complete of 120,000 ounces of gold, whereas Montague-Boulder comprises 3.1mt averaging 1.7g/t gold for a complete endowment of 163,000 ounces of gold.

The Montague East project additionally consists of different smaller deposits which deliver the general complete estimate useful resource for the project to 9.59mt at an average grade of 1.6g/t gold for 502,000 ounces of gold attributable to Brightstar.

The drilling marketing campaign started at Montague East in mid-November following Brightstar’s $14 million acquisition in October of the project’s gold rights from Gateway Mining, with Gateway retaining rights to all different minerals at Montague East.

The entire consideration payable to Gateway included $5m in money, $7m in Brightstar shares and $2m in deferred Brightstar shares, subject to milestones.

The deal left Gateway uncovered to the potential upsides of additional consolidation and development actions within the area by means of its vital new shareholding in Brightstar and any new discoveries made within its retained ground.

Completion of the Montague East gold rights acquisition has boosted Brightstar’s gold stock by 502,000 ounces of gold.

The company’s drilling program at Whistler-Montague has confirmed the existence of high-grade extensions to identified mineralisation, with a lot of avenues open for additional exploration to enlarge their sources.

Encouragingly, each deposits trace at different comparable beneficial geological places alongside the greenstone-granite contact within the project.

In different work, Brightstar has mobilised its drill rig to the Lord Nelson deposit within the newly acquired Sandstone project, 70km south of Montague, to infill areas of identified mineralisation and determine strike and depth extensions

Brightstar’s consolidated Sandstone gold project – together with Montague East – comprises a complete estimated mixed gold useful resource of 1.55m ounces of gold from floor.

The company has already kicked off a 55,000m reverse circulation drilling program to quickly broaden the prevailing useful resource place at Sandstone, starting with the Lord Nelson and Vanguard deposits.

Brightstar is continuous to discover new goal areas throughout the extremely potential Sandstone greenstone belt and can also be planning different drilling within its Laverton and Menzie hubs to start later this quarter.

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