HIGHLIGHTS
Brightstar’s Managing Director, Alex Rovira, commented “These assays represent the first results from the recently acquired Linden Gold exploration package at the Jasper Hills Gold Project. The results are highly encouraging and align with grades and widths we expected from the existing 244koz Au mineral resource.
The increased confidence from this infill drilling will feed back into future resource estimates and ultimately help guide the near-term development of open pit mining operations at Lord Byron, as detailed in our recent scoping study1, which outlined the highly profitable production of 2.2Mt @ 1.6g/t for 115koz Au over three years.
Drilling continues with two drill rigs currently active at the Jasper Hills and Menzies Gold Projects, which will generate ongoing news flow in the coming months as assays are received and our geological understanding develops across our portfolio.”
TECHNICAL DISCUSSION
The RC drilling program at the Lord Byron totals 54 drill holes for ~8,000m of drilling, with assays pending for 25 holes.
The program aimed to infill the inferred portion of the resource within optimised open pit shells to a nominal 20m x 20m spacing in order to facilitate and upgrade of the resource to Indicated classification. This supports the ongoing definitive feasibility study and the assessment of a potential fast-tracked mine development.
An additional 1,500m diamond drilling program is presently underway at Lord Byron, which will provide structural, geotechnical, and metallurgical data for mine design and planning purposes.
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