[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

5 clusters · 9 sources · 51 days · First seen · Last updated

Brightstar Resources Sandstone gold project updates

Overview

Brightstar Resources has reported significant developments regarding its Sandstone gold project in Western Australia. Initially, the company announced an interim resource update increasing the project’s resource to 2.9 million ounces of gold, consisting of 69 million tonnes at an average grade of 1.3 g/t gold. Subsequent deep drilling programs at the Two Mile Hill site have further expanded the project’s potential. Results from a diamond hole exceeding 1,000 meters intersected over 500 meters of mineralised tonalite, leading to the identification of a new deep extension known as the ‘Shirvington Zone’. Updated geological modelling indicates the host intrusion is wider than previously thought, estimated at over 300 meters horizontally at a depth of approximately 700 meters. Managing director Alex Rovira stated that the intersection of thicker mineralised tonalite and visible gold presents “material upside to the current Mineral Resource envelope”. Recent drilling at the Two Mile Hill-Shillington deposit has yielded high-grade intercepts. One drill hole produced a 225.7-metre intersection grading 3.11 g/t gold from 284 metres, which included a high-grade core of 19 metres at 24.3 g/t gold and a 1-metre section at 449 g/t gold. A second hole returned a 194-metre intersection at 2.10 g/t gold from 286 metres. In a recent update, Brightstar nearly doubled the mineral resource estimate at the Two Mile Hill-Shillington deposit, increasing it by 98 per cent from 731,000 ounces to 1.45 million ounces of gold. This updated estimate comprises 24.6 million tonnes at 1.8 g/t gold, driven by infill and extensional drilling. Alex Rovira described this update as a “landmark moment” for the Sandstone project. Expanding its footprint, Brightstar has entered a binding agreement to acquire the Mikado gold project from Panther Metals for $350,000.

Entities

Brightstar Resources · Sandstone gold project · Alex Rovira · Sandstone project · ASX

Timeline

  1. [BUSINESS] 2 sources
    Brightstar Resources doubles gold resource at Two Mile Hill

    Brightstar Resources has nearly doubled its gold resource estimate at the Two Mile Hill-Shillington deposit in Western Australia, reaching 1.45 million ounces.

  2. [BUSINESS] 2 sources
    Brightstar Resources acquires Mikado gold project near Laverton

    Brightstar Resources has acquired the Mikado gold project from Panther Metals to expand its Laverton processing hub in Western Australia and reduce long-term haulage costs.

  3. [BUSINESS] 4 sources
    Brightstar Resources reports significant gold intercepts in Western Australia

    Brightstar Resources reported major gold drill intercepts at its Sandstone gold project in Western Australia, including a 225.7-metre hit at 3.11 g/t gold.

  4. [BUSINESS] 4 sources
    Brightstar Resources expands gold potential at Sandstone project

    Brightstar Resources has identified a new underground extension, the ‘Shirvington Zone’, at its Sandstone gold project in Western Australia following successful deep drilling results.

  5. [BUSINESS] 2 sources
    ASX mining companies report significant resource updates

    Australian mining companies report significant resource updates, including Brightstar Resources increasing its Sandstone gold resource to 2.9 million ounces and PTR Minerals unveiling a maiden titanium resource

Sources

australianmining.com.au · brisbanetimes.com.au · miningmagazine.com.au · mqworld.com · smallcaps.com.au · smh.com.au · stockhead.com.au · theage.com.au · thewest.com.au

This summary has been updated 3 times: see revision history