Brightstar’s high-grade love affair with Lord Byron continues

Brightstar Resources has struck high-grade gold at the Lord Byron deposit within its 239,000oz gold Jasper Hills project.

The high-grade gold hits will add to an MRE update of the Jasper Hills project. Pic: Getty Images

• Thick, 26m at 2.69g/t gold has been intersected during infill drilling at Jasper Hills’ Lord Byron deposit

• Drilling complete and assays will add to a mineral resource update

• Rigs to move to new Sandstone asset for exploration drilling

 

Special Report: Brightstar Resources has struck high-grade gold mineralisation while spinning the drillbit into the Lord Byron deposit at its 239,000oz gold Jasper Hills project.

The Goldfields developer has completed infill drilling of the existing mineral resource and increased confidence in the geological interpretation ahead of a planned update to the mineral resource estimate (MRE).

The highlight hole – LBRC24049 – cropped up an impressive 26m at 2.69g/t gold from 120m, including 3m at 12.4g/t from 123m and 8m at 3.48g/t from 28m to wrap up the 54-hole, 8000m drilling campaign at Lord Byron.

The program forms part of Brightstar Resources’ (ASX:BTR) RC and diamond drill-out at Jasper Hills, designed to increase the resource confidence, improve geological understanding and provide geotechnical and metallurgical data for development and production.

Infill drilling results so far at the Lord Byron deposit. Pic supplied: (BTR)

Excitement brewing

BTR MD Alex Rovira emphasised that the new Lord Byron assays are particularly exciting in the lead up to the resource update of Jasper Hills.

“The results have shown the wide intervals of great, open pit mineable gold grades, but also contain discrete zones of high-grade, including in some of the deeper holes, at the base of a $3,000/oz gold optimised pit shell,” said Rovira.

“These highly encouraging results will feed into updated development studies at the deposit, as outlined in the recent Jasper Hills scoping study and with successful RC programs now complete at Fish and Lord Byron, the Jasper Hills project is rapidly advancing.

“Once the RC assays are received from the Fish deposit, attention will turn to geotechnical and metallurgical testwork utilising the diamond core material produced from the drilling program concluding in the coming weeks.”

Up next

Assays for an additional seven completed diamond holes are still pending and the rig is currently on site at Lord Byron completing the final six diamond tails out of the 13-hole, 1700m program. These have been drilled as extensions to RC pre-collar holes, while an RC drill rig is still spinning at Menzies and is expected to finish up in the coming days.

BTR says a short drilling break will allow assays to be returned and geological interpretations to be updated prior to resource upgrades across the projects.

Drilling will then restart, with a large program being planned at the company’s new Sandstone assets set to commence once those transactions are complete.

This article was developed in collaboration with Brightstar Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.