The Brightstar Resources Ltd (ASX: BTR) share price is in focus after the company announced exceptionally wide, high-grade gold intercepts from infill drilling at its Two Mile Hill-Shillington deposit, part of the Sandstone Gold Project. Standout results include a 225.7 metre interval at 3.11 grams per tonne gold, with individual assays up to 449 grams per tonne.
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What did Brightstar Resources report?
- Received further assay results from reverse circulation and diamond core drilling at Two Mile Hill-Shillington.
- Key intercepts include 225.7m @ 3.11g/t Au (including 19m @ 24.3g/t Au) and 194m @ 2.10g/t Au (including 13m @ 4.35g/t Au).
- Current Mineral Resource Estimate: 14.6 million tonnes at 1.6g/t Au for 731,000 ounces gold at Two Mile Hill-Shillington.
- Infill drilling targets areas for potential underground mining and aims to upgrade resources to Indicated classification.
- Visible gold was observed throughout significant intersections, typically associated with galena and pyrite.
What else do investors need to know?
Drilling at Sandstone is ongoing, with both RC and diamond rigs active across multiple deposits as part of workstreams for the pre-feasibility study. These latest results support Brightstar's plans to potentially include underground mining in its upcoming study.
The infill drilling builds on recent success, following earlier results such as 305m at 1.8g/t Au from extension drilling. Initial work has also identified a newly discovered "Shirvington Zone" at Two Mile Hill, revealing even broader mineralisation than previously modelled.
What did Brightstar Resources management say?
Managing Director Alex Rovira said:
The latest results continue to demonstrate the broad widths of the Two Mile Hill deposit and high-grade nature of the quartz veining within the host tonalite, with individual grades reaching 449g/t Au. These infill results are hugely encouraging for a potential future underground mining operation at Two Mile Hill, which is currently being assessed by Brightstar and Entech for inclusion in the upcoming pre-feasibility study.
What's next for Brightstar Resources?
Brightstar plans to incorporate the new infill drill results into its next Mineral Resource Estimate and pre-feasibility study, both set for release in November 2026. The ongoing drilling programs seek to further enhance geological confidence and explore extensions at depth.
Construction of the 1.5Mtpa processing plant is already underway as part of the broader Goldfields Hub development, with initial gold production targeted for June 2027. The company aims to progress towards large-scale underground and open pit mining across its Western Australian gold assets.
Brightstar Resources share price snapshot
Over the past 12 months, Brightstar Resources shares have risen 32%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
