Mining

Brightstar Resources discovers high-grade gold in drilling at Second Fortune mine

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Brightstar Resources (ASX:BTR) reported results from its recent diamond drilling at the Second Fortune Gold Mine south of Laverton, Western Australia.

The assays from both surface and underground drilling showcase significant high-grade gold mineralisation.

Brightstar's Managing Director, Alex Rovira, stated, "We are delighted with the results which successfully proved that the high-grade Second Fortune vein system continues at depths well below the current mine plan. This result provides a compelling target for Brightstar to explore further in order to extend the mine life at Second Fortune."

Rovira added that further underground drilling is set to commence imminently to inform an upgraded mineral resource estimate in 2024.

The deepest hole drilled, SFRCD2408, returned an impressive 31.7 g/t Au from a 0.3m intercept at 465.75m depth.

Other notable intercepts include 0.57m @ 21.3g/t from 426.55m and 0.42m @ 24.84g/t from 63.27m depth in underground drilling.

The drilling program aimed to target and infill areas within and below the current 12-month mine plan, significantly improving the classification of mineral resource estimates, as well as future mine planning and scheduling activities.

The current results showcase continuity at depths, providing confidence for potential mine life extensions.

Following the success of the program, Brightstar has commenced further underground drilling to enhance geological knowledge and 2025 production confidence.

Additional updates will be provided as assays from ongoing programs, including the reverse circulation and diamond drill programs across the Brightstar portfolio, are received.

At the time of reporting, Brightstar Resources' share price was $0.018.

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