Brightstar Resources (ASX: BTR) announced notable assay results from RC drilling at the Pericles deposit, part of the Lady Shenton System within the Menzies Gold Project. Highlights include high-grade gold intercepts such as 4m at 22.4 g/t Au, including 1m at 80.4 g/t Au, and other significant intercepts from different drill holes. This drilling marks the completion of a 30,000-meter drilling program contributing to their ongoing Definitive Feasibility Study (DFS).
In tandem, BTR is working on a Mineral Resource Estimate update, planning mining optimisations, and pursuing various strategic partnerships and funding opportunities. These include a potential gold prepayment facility for up to $11.5M from Ocean Partners and ongoing negotiations for toll milling and ore processing agreements aimed at scaling gold production by 2025.
DYOR..
BTR Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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