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Brightstar Resources has hit the ground running with its latest drilling program at its Cork Tree Well project, near Laverton in WA’s northern Goldfields, as it bids to expand its JORC-compliant resource. The gold developer reports drilling is averaging more than 200m a day and eight holes have already been completed at the Delta 2 prospect. Previous drilling has already uncovered a 12m intersection, going 3.47 grams per tonne and Brightstar has said more drilling is needed to establish the “size of the prize”. The company’s ambition is to extend Cork Tree Well’s current JORC-compliant resource of 3.9 million tonnes of gold at 1.9 grams per tonne for 237,000 ounces. In total, 10,000m of RC drilling is scheduled for the Delta prospect and Delta 2, to the north-east. First in line is Delta 2. The 12-hole-RC program totalling 1790m aims to test the bedrock under an air core anomaly, with a strike length of more than 500m at more than 1 g/t in shallow historic drilling. The bedrock beneath the mineralisation has never been drill tested. After Delta 2, the drill rig will shift to Delta for a 50-hole, 7350m program to investigate any opportunities for splay and parallel lodes identified in the previous program and extend the drilling along strike of the main deposit in the north. We look forward to growing the current resource at Cork Tree Well main lode with this program as well as the discovery of new opportunities in the project area. Brightstar Managing Director, William Hobba
Brightstar has three major projects — Cork Tree Well, Alpha, and Beta. All are in the Laverton area and together boast a JORC 2012-compliant mineral resource of 445,000 ounces. Cork Tree Well’s two pits already have historic runs on the board: between 1987 and 1989, a combined total of 57,000oz of gold was processed from 740,000 tonnes at 2.4 g/t. The company says it has a three-year plan to reopen the Brightstar processing plant, 15km south of Laverton and currently on care and maintenance, by expanding its resource through brownfields exploration. Brightstar says it is the only company among its ASX-listed gold peers with installed processing infrastructure — sure to be a bonus if the gold developer eventually grows into a producer. Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

Brightstar drill program widens gold hunt

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NEW YORK, HUNTSVILLE, Ala. & BURLINGTON, Mass., May 24, 2022 /PRNewswire/ -- Brightstar Capital Partners , today announced that its portfolio company, ERC, LLC , and Oasis Systems, LLC ("Oasis"), have joined forces to scale and expand  their agile software development, systems engineering and cybersecurity capabilities for mission critical defense and federal agencies. The signing of the transaction's definitive agreement was previously announced on April 13. By combining expertise in aviation, space, defense and cybersecurity with leading-edge innovations, the companies will bring together complementary capabilities and cultures to serve customers in more than 36 states across the U.S.
Tom Colatosti , Executive Chair of Oasis, will serve as Board Chair and CEO of the go forward company and Tim Nickerson , CEO of Oasis, will serve as Chief Operating Officer. The company will continue to operate out of headquarters' locations in both Huntsville, Alabama, and Burlington, Massachusetts. "We are thrilled to hit the ground running and help our customers solve their greatest challenges by utilizing our expanded capabilities and resources," said Colatosti . "Our motto has been 'Serving Those Who Serve Us' and combining the cultures and mission focus of our two companies will enhance our ability to deliver advanced, full lifecycle solutions." "We will unite the strong performance records of ERC and Oasis and their history of delivering cutting-edge engineering, technology, and specialized services to support our customers' missions," said Nickerson . "We believe that our customers across national security and scientific industries will benefit from our expanded capabilities and achieve greater mission success. " 
"The industry is evolving quickly, and we believe that this combination accelerates the company's growth trajectory while continuing to deliver comprehensive solutions for new and existing customers," said Michael Singer , Partner at Brightstar Capital Partners. "We are confident that Tom and the experienced leadership team will lead the combined company into a successful new era." "Our two companies are joining forces around one mission – customer success," said Stacy Riley, Interim CEO of ERC. "With more than 5,000- employees and subcontractors across the country, we will be able to continue providing mission critical solutions for our customers and maintain our steadfast commitment to our nation and its future." ERC and Oasis share many important characteristics including an entrepreneurial engineering approach, core values, and a commitment to our nation and its future. Their common cultures are built on respect, empowerment, and collaboration. Combined, ERC and Oasis will offer differentiated capabilities that deliver advanced, full lifecycle solutions in the areas of:
Agile Software Development
Test & Evaluation
ERC was advised by legal counsel Kirkland & Ellis and financial advisor Houlihan Lokey. Rothschild & Co served as the exclusive financial advisor to Oasis, and Sullivan & Cromwell served as legal counsel. About Oasis
Oasis Systems is a premier provider of customer-driven, cost-effective, and quality Engineering Services; Enterprise Systems and Applications; Human Factors Engineering; Information Technology and Cyber Security; Professional Services; and Specialized Engineering Solutions to the Department of Defense, Federal Aviation Administration, Nuclear Regulatory Commission, and other federal agencies. Oasis domain and technical experts provide leadership capabilities and competencies to help maintain customers' technological superiority and dominance in space, in the air, on land, at sea and under the sea. For more information, go to www.oasissystems.com . About ERC
ERC is a leading provider of mission-critical engineering, technical and consulting services to the space and defense markets. For over 30 years, ERC has worked closely with such customers as the U.S. Department of Defense, NASA and other high-tech governmental entities on missions of national importance. ERC's solutions combine precise engineering, innovative technologies, deep subject-matter expertise, firsthand mission understanding, and long-term customer knowledge to deliver the critical advantage needed to solve critical challenges. For more information, go to  www.erc.us . Follow us on  LinkedIn ,  Twitter  and  Facebook . About Brightstar Capital Partners
Brightstar Capital Partners  is a middle market private equity firm focused on investing closely held family, founder or entrepreneur-owned businesses where Brightstar believes it can drive significant value with respect to the management, operations and strategic direction of the business. Brightstar employs an operationally intensive "Us & Us" approach that leverages its extensive experience and relationship network to help companies reach their full potential. For more information, please visit  www.brightstarcp.com . Media Contact:

Brightstar Capital Partners Combines ERC and Oasis Systems to Advance Customer Mission Success in Aerospace, Defense and Cyberspace

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Brightstar Capital Partners Combines ERC and Oasis Systems to Advance Customer Mission Success in Aerospace, Defense a...

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Brightstar Resources has high hopes for a new RC drill program at its Cork Tree Well project at Laverton, WA where previous drilling delivered a 12m intersection grading 3.47 grams per tonne gold. The company is targeting the northern extensions of the main Delta lode whilst also chasing down new Delta 2 targets as it looks to grow its JORC resource. The Delta part of the program will be focused on growing the JORC Resource more than one kilometre north of the current deposit whilst at Delta 2 the company is planning to identify primary mineralisation with drilling set to commence next week. The ASX-listed gold developer has a JORC-2012 compliant 445,000 ounce mineral resource spread across three major projects, Cork Tree Well, Alpha, and Beta. Each of the projects is located within 60km of the company’s flagship 330,000 tonnes per annum Brightstar Plant, 15km south of the town of Laverton. The new round of drilling will likely attract plenty of interested onlookers given the previous results delivered at Cork Tree Well. Aside from the standout 12m intersection grading 3.47 grams per tonne gold, the drill bit also hit a number of other encouraging results including 9m at 1.46g/t gold , 5m at 2.67g/t gold and 12m at 1.69g/t gold. Brightstar says it is working on a three-year strategy to return the Brightstar Plant to production and expanding its Mineral Resource through brownfields exploration. It says following completion of its “productive extensional drilling campaign” late last year it is evident the company would need to expand its drilling programs to fully comprehend the “size of the prize” at Cork Tree Well. Given the relatively scant drilling so far, there remains a number of significant unknowns for Brightstar at Cork Tree Well. Despite drillholes intersecting widespread and highly-anomalous primary mineralisation down-dip and north along strike from previous drilling and outside the boundary of the existing Resource envelope the company is still yet to determine the edge of the orebody. An update of the MRE for Cork Tree Well is underway, however the consistent positive drill intersections from last year’s program have indicated a pressing need for further extensional drilling. Coupled with the acquisition of E38/3434 in March 2022 containing the exciting Delta 2 project which has the potential to create a second Resource in the project area. Brightstar is keen to grow these opportunities aggressively and effectively. Brightstar Resources Managing Director, Bill Hobba
The Delta program of 50 RC holes for 7350m is intended to investigate opportunities for splay and parallel lodes identified in the previous program north of the historic pits. It also plans to extend the effective drill spacing on the deposit more than 1000m north which the company believes should help determine the scale of the mineralised system. The more modest drill program at Delta 2 has been locked in as a restrained 12 RC hole program across 1800m to better determine the extent of primary mineralisation underlying the Delta 2 anomaly. Brightstar says if the program is successful, the company will most likely fast-track follow-up work to try and advance the prospect alongside the CTW/Delta prospect. It is anticipated the new program will take about two months to complete, with full assay results to follow
Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

Brightstar returns to the rig at Cork Tree Well

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