The All Ordinaries Index (ASX: XAO) is up 0.2% in morning trade today, with this ASX All Ords gold stock charging ahead of those gains.
The outperforming miner in question is Brightstar Resources Ltd (ASX: BTR).
Brightstar shares closed yesterday trading for 43.50 cents. In early morning trade on Wednesday, shares are changing hands for 44.25 cents apiece, up 1.7%.
Here’s what’s catching investor interest.
ASX All Ords gold stock gains on results
The Brightstar share price is marching higher after the miner announced a promising batch of results from its ongoing diamond and reverse circulation (RC) drilling programs at its Sandstone Gold Project, located in Western Australia.
Sandstone hosts a current Mineral Resource Estimate (MRE) of 2.4 million ounces at 1.5 grams of gold per tonne (2.4Moz at 1.5g/t Au).
The ASX All Ords gold stock said its diamond and RC drilling campaign targeted infill and extensions to key deposits at the Sandstone Hub, including Two Mile Hill-Shillington, Whistler, and Lord Nelson.
Brightstar sounded particularly optimistic about the Two Mile Hill deposit, noting it presents a potential bulk-tonnage underground mining operation. This could provide a higher-grade ore contribution within the miner’s proposed multi-ore source processing hub at Sandstone.
Among the top results at the deposit, the ASX All Ords gold stock reported an unconstrained intercept of 411.2 metres at 1.11g/t Au from 80 metres.
Two Mile Hill hosts a current MRE of 664koz at 1.6g/t Au, and it remains open at depth.
Brightstar has two RC rigs and two diamond drill rigs currently active at Sandstone.
The company said a Sandstone Mineral Resource upgrade is due in the June quarter, with the pre-feasibility study (PFS) targeted for delivery in the second half of calendar year 2026.
What did management say?
Commenting on the results helping boost the ASX All Ords gold stock today, Brightstar managing director Alex Rovira said, “The latest drill results from the Sandstone project clearly highlight how the potential scale is developing.”
Rovira added:
The Two Mile Hill-Shillington deposit is shaping up to be a significant contributor to a future Sandstone operating hub. With high grades zones within a lower grade halo up to 400m wide, the drilling illustrates the substantial extent of the mineralisation delineated to date.
Looking ahead, Rovira concluded:
With the addition of further results from Whistler and Lord Nelson, work at the Sandstone Hub continues to progress. The latest results, including 31m @ 5.17g/t Au at the Whistler Deposit, will flow into the upcoming MRE updates, due later this year, and the ongoing pre-feasibility study workstreams.
The post ASX All Ords gold stock lifts off on exploration success appeared first on The Motley Fool Australia.
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.