Brightstar Resources Limited’s New Drilling Program Yields High-Grade Gold Intercepts, Bolstering 1.5Moz & 0.9Moz Resources and Near-Term Growth Potential

Thursday, May 8, 2025
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9:22 am
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Brightstar Resources Limited reported strong new gold drill results at its Indomitable East and Cork Tree Well deposits, revealing promising extensions and high-grade intersections. Accelerated drilling and imminent development studies signal potential near-term resource growth and enhanced mining opportunities for investors.

Brightstar Resources Limited has announced encouraging new gold assay results from its extensive Reverse Circulation drilling programs at its key projects in Western Australia. The company reported robust intercepts from both the Indomitable East deposit and the Cork Tree Well deposit, which are integral to its Sandstone and Laverton hubs. Highlights include multiple high-grade intervals at Indomitable East such as 14 meters averaging 2.46 g/t gold (with 2 meters at 9.29 g/t) and 3 meters at 6.50 g/t gold including a 1‐meter section at 13.5 g/t. Comparable results at Cork Tree Well featured intercepts like 3 meters averaging 4.53 g/t gold and 4 meters at 7.84 g/t gold including an interval reaching 14.7 g/t. These technical indicators demonstrate continuous mineralisation that remains open along strike and at depth, suggesting significant potential for resource growth. The drilling programs are running alongside active mining operations at Brightstar’s underground Second Fortune and Fish Mines in Laverton, with current ore processing scheduled under the existing Ore Purchase Agreement. Additionally, the company is nearing completion of a Definitive Feasibility Study for its Laverton and Menzies projects, which is expected to boost its near-term gold production profile. To further de-risk and advance exploration, Brightstar Resources plans to significantly increase drilling activity with the mobilization of three new rigs, including an additional RC rig, a surface diamond drill rig, and an underground diamond rig targeting extensional drilling across its key hubs. The announcement details precise technical data including drill hole intercepts, depth intervals, and drilling orientations, reinforcing confidence in the geological model and future potential for upgrading its Mineral Resource Estimate to Indicated status. The consistent results and systematic drilling approach have set the stage for further refinements of the pit shells optimized at gold prices of AUD 2,500 to 2,750 per ounce, paving the way for a scaled upgrade in resources and eventual mining operations. The news carries a bullish undertone as strong assay results coupled with an aggressive drilling expansion plan signal positive near-term developments. For beginner traders, these technical milestones indicate that Brightstar Resources Limited is well-positioned to advance its high-quality gold assets and potentially achieve increased production levels. However, as with any exploration and development project, inherent risks remain, lending a note of caution even amidst the optimistic outlook.

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