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Brightstar Resources Limited (ASX:BTR)

ALERT: Price-sensitive ASX Announcement for BTR
Current share price for BTR : $0.320 -0.115 (-26.44%)+
Announcement
Release
18 Mar 2026 8:21AM
Price at Release
$0.435
Full Release
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Summary
Brightstar Resources Limited reported excellent drilling results from their Sandstone Gold Project, with highlights including multiple significant gold assays from the Two Mile Hill-Shillington deposit. Notable results included a broad intercept of 411.2 meters averaging 1.11g/t gold, with high-grade sections such as 22.7 meters at 3.02g/t gold. This drilling campaign supports ongoing Pre-Feasibility Study work and aims to enhance the project’s Mineral Resource Estimate. The company’s strategy involves leveraging these results to advance the Sandstone project towards becoming a key processing hub.
Key Points
  • Brightstar received results from diamond and reverse circulation drilling at the Sandstone Gold Project.
  • Drilling aimed to infill key deposits for ongoing PFS work and test growth extensions.
  • Significant assays included intercepts like 411.2m @ 1.11g/t Au and 22.7m @ 3.02g/t Au.
  • Two Mile Hill mineralization hosted within a large felsic intrusive with quartz veins.
  • Two Mile Hill presents potential for bulk-tonnage underground mining operations.
  • Drilling results will feed into the upcoming Mineral Resource Estimate update and PFS.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.