- Brightstar Resources (BTR) will soon begin reverse circulation (RC) drilling at its Cork Tree Well project in WA
- The company will complete 50 holes at the Delta target to extend the JORC resource 1000 metres north
- A further 12 holes will be drilled at the Delta 2 target to determine the extent of primary mineralisation underlying an aircore anomaly
- Brightstar expects drilling will take two months to complete and results will be used to update the Cork Tree Well MRE
- BTR shares are up 25 per cent and trading at 2.5 cents
Brightstar Resources (BTR) is about to begin a reverse circulation (RC) drilling program at the Cork Tree Well project in Western Australia’s Laverton district.
The upcoming drilling effort will focus on the Delta and Delta 2 targets and follows a drilling program conducted in late 2021.
The extensional drilling program intersected anomalous mineralisation down-dip and north along strike as well as outside the boundary of the existing resource envelope. However, it didn’t determine the edge of the orebody.
According to the company, the program showed further drilling would be needed to understand the “size of the prize” at Cork Tree Well.
Brightstar Resources plans to drill 50 holes at the Delta target to assess the potential for
splay and parallel lodes north of the historical pits and extending the JORC resource over 1000 metres north of the deposit.
Drilling at Delta 2 will comprise 12 holes to determine the extent of primary mineralisation underlying an aircore anomaly.
Depending on the results, the company will fast-track follow-up work to advance the Delta 2 target alongside the CTW and Delta prospects.
Managing Director William Hobba said BTR is “enthusiastic” to receive the drill results and unlock more of the “incredible value within this amazing prospect.”
“If successful these programs will not only expand the footprint of the Cork Tree Well Resource but augur the beginning of a new exploration focus for the Brightstar North area, opening the way for more new discoveries,” Mr Hobba said.
Brightstar expects drilling will take two months to complete and the assays will be used to update the Cork Tree Well Mineral Resource Estimate and potentially develop a mineral reserve model for mining studies.
BTR shares were up a healthy 25 per cent and trading at 2.5 cents at 12:54 pm AEST.