Brightstar acquires strategic acreage near Laverton
Brightstar Resources has picked up a crucial piece of acreage that connects its south and north Cork Tree Well tenure, offering the company an unfettered opportunity to explore the area. The acquisition extends its second prospective exploration trend parallel to historic workings over unbroken ground. Curiously Brightstar picked up the connecting ground within the lucrative Laverton gold belt for just $10,000 cash.
The new license locks in acreage between Brighstar’s JORC compliant 237,000-ounce gold resource at Cork Tree Well. The additional acreage may allow the company to increase its resource over the larger operational area offered by the new tenement. According to management, the new tenements overlay proven prospective units within the Laverton district within a structural corridor that feeds the Duketon district to the north. Geological analysis conducted by the company indicates the potential for the narrow neck between Laverton and Duketon to concentrate gold mineralisation within their prospective acreage.
Brightstar Resources holds three major project areas, Cork Tree Well, Alpha and Beta. The company also owns a 330,000 tonne per annum gold processing plant incorporating a modern 60-person camp within easy trucking distance of all of its project areas. All of these properties and facilities are located within operational range of Laverton, Western Australia, an active and fully-serviced regional mining hub.