Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Syntholene Energy Announces Completion of Reverse Takeover
Gold Price Soars Above US$4,200 as Fed Cuts...
Locksley Resources LimitedCommences EOI for Scoping Study at...
Gold Moving “Relentlessly Up,” Generalist Rotation Starting —...
Peter Krauth: Silver Price at New Floor, US$70...
US Government Approves Major Drilling Program at McDermitt
Licence Applications Submitted for Glava Cu-Au Project Area
Aurum Returns High Grade Gold Intercepts at Tchaga,...
Finlay Minerals Announces Grant of Stock Options
Menzies Mineral Resource increases 22% to 0.7Moz @...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

Diamond Drilling Assays Return Best Results to Date from Link Zone with Intercepts to 55.8g/t Au

by admin September 11, 2024
September 11, 2024
Diamond Drilling Assays Return Best Results to Date from Link Zone with Intercepts to 55.8g/t Au

Brightstar Resources Ltd (ASX: BTR) (Brightstar) is pleased to announce assay results from the inaugural Link Zone diamond drilling (DD) drilling program, part of the larger drilling program across the broader1.45Moz Au Brightstar portfolio in Menzies and Laverton. The program is targeting gold mineralisation for near-term development assessment of the Link Zone deposit, specifically targeting the Merriyulah and Golden Dicks deposits, located between the 287koz Au Lady Shenton System and 43koz Au Lady Harriet System at the Menzies Gold Project.

HIGHLIGHTS

Assays have been received for five diamond holes drilled at the Link Zone deposit at the Menzies Gold Project, part of the previously announced +30,000m drilling program1, with all holes at Link Zone drilled for metallurgical and geotechnical testwork purposesResults produced multiple high-grade intercepts targeting conceptual pit shells at the Merriyulah and Golden Dicks deposits within the Link Zone areaIntercepts returned at Link Zone include:LZMET24001:12.0m @ 11.90 g/t Au from 51.0m, including 1.0m @ 55.8g/t Au from 54.0m,10.0m @ 0.97 g/t Au from 23.0m, and0.6m @ 12.0g/t Au from 43.4mLZGT24001:1.0m @ 5.57 g/t Au from 45.0mLZGT24002:9.7m @ 1.77 g/t Au from 34.3mLZGT24003:8.49m @ 1.56 g/t Au from 14.0mLZGT24004:13.1m @ 1.19g/t Au from 11.3m

The program at Link Zone was focused within and adjacent to conceptual $3,000/oz Au pit shells, with holes targeting interpreted ore lode positions to gain mass for metallurgical testwork, along with varying orientations of geotechnical holes to gain information for assessment ahead of a potential small-scale mining campaign.

Brightstar’s Managing Director, Alex Rovira, commented“The diamond drilling component of our +30,000m campaign kicked off at Link Zone, with excellent grade results returned despite most holes being drilled for geotechnical purposes. Additionally, the metallurgical hole has given us valuable information for downhole lode grade variability, highlighted by a superb 6.0m @ 21.08g/t Au intercept containing six individual 1.0m +5.0 g/t Au intercepts within a broader down dip intercept of 12.0m @ 11.90g/t Au. We’re particularly encouraged by the grades returned, with these results released today along with our recently completed Link Zone RC program2 all returning grades well above the global MRE estimate for Link Zone emphasising areas for potential open pits.

Geotechnical logging was completed ahead of sampling & assaying, with the remaining core and existing RC samples being utilised for a metallurgical testwork program presently underway to feed into re-optimised pit shells and ultimately define a pathway to monetisation via a small-scale mining campaign similar to the successfully completed Selkirk Mining JV earlier this year.

Approximately 1km to the north, the Lady Shenton System RC drilling program will complete in the coming fortnight, with these results to be assessed and integrated into an updated Mineral Resource Estimate for the Definitive Feasibility Study presently underway. We look forward to updating the market with these results, along with previously completed RC and diamond programs at Jasper Hills and Second Fortune with assays progressing through the laboratory.”

TECHNICAL DISCUSSION

Five shallow diamond drill holes were completed at Link Zone (refer Figure 2), with holes drilled at varying orientations for metallurgical and geotechnical purposes. Three geotechnical holes were focused on drilling across the structure, with reported assays approximating true thicknesses and geometry of ore lodes; one geotechnical hole (LZGT24003) was drilled down dip targeting the west wall of the conceptual Merriyulah pit shell, whilst the single metallurgical hole (LZMET24001) was drilled down dip for sample mass purposes and thus should not be considered representative of lode thicknesses in the Golden Dicks deposit.

As shown in core photographs for LZGT24003 (Figure 4) and LZMET24001 (Figure 6), mineralisation observed at Link Zone is largely hosted by or along the margins of quartz-sulphide veins developed within shears associated with the Menzies Shear Zone, with the highest grades observed in intervals with abundant veining. The host rock is predominately amphibolitised basalt, with intermittent evidence of sulphide mineralisation (predominately pyrite) associated with shearing, bleaching and veining on geological contacts.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Top 10 Pharma Companies by Revenue (Updated 2024)
next post
$5.6M Contract Awarded for US Department of Defense Project

You may also like

Altech Batteries Limited (ASX: ATC) – Trading Halt

August 1, 2024

Canadian Investment Regulatory Organization Trade Resumption – ANK

October 7, 2025

Group Eleven Announces C$5M Bought Deal Private Placement

July 22, 2025

Bold Ventures Identifies New Gold Zone at Its...

December 13, 2024

Crypto Market Recap: US Unveils Bitcoin Reserve, Solana...

March 8, 2025

Grande Portage Completes Non-Brokered Private Placement

December 11, 2024

Allied Critical Metals Announces Corporate Update

May 17, 2025

CY25 Production Program Underway, First Gold Pour in...

January 29, 2025

American Pacific Gains Full Ownership of Palmer VMS...

November 20, 2024

CHARBONE Engage la Societe Americaine de Relations aux...

November 1, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Syntholene Energy Announces Completion of Reverse Takeover

      December 11, 2025
    • Gold Price Soars Above US$4,200 as Fed Cuts Rates, Silver Hits New High

      December 11, 2025
    • Locksley Resources LimitedCommences EOI for Scoping Study at the Desert Antimony Mine

      December 11, 2025
    • Gold Moving “Relentlessly Up,” Generalist Rotation Starting — OceanaGold’s Gerard Bond

      December 11, 2025
    • Peter Krauth: Silver Price at New Floor, US$70 in the Cards for 2026

      December 11, 2025
    Promotion Image

    banner ads

    Categories

    • Business (915)
    • Economy (829)
    • Investing (3,441)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved