TIDMEST
RNS Number : 6156Z
East Star Resources PLC
26 January 2022
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26 January 2022
East Star Resources Plc
("East Star" or the "Company")
First Drill Results from Apmintas Licence, Kazakhstan
Discovery Hole
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold
and copper explorer, announces the first batch of assay results
from reconnaissance Reverse Circulation (RC) drilling undertaken in
September 2021 on the Apmintas Licence in the Chu-Ili Gold Belt in
central Kazakhstan. The results include a "discovery hole" at the
first drill target at "Novoe" returning 63 meters at 4.51 g/t Au
from surface.
Highlights:
-- AP_008 discovery hole with 63m @ 4.51 g/t Au from surface
including 19m @ 14.36 g/t Au from 44m - hole ended in
mineralisation, remaining open at depth
-- Vein system with stockwork style mineralisation with four
higher grade veins, including a bonanza grade zone of 2m @ 131.4
g/t Au
-- Mineralisation starting from surface and plunging below depths previously mined by artisanals
-- 12 holes drilled at "Novoe" target - one of seven targets
tested in the 51-hole drilling programme in September 2021
Alex Walker, East Star CEO, commented:
"We are delighted to report outstanding high-grade intersections
from the first set of assay results received from our 51-hole
September 2021 drilling programme. The discovery hole shows high
grade gold hosted within near vertical stockwork mineralised zones
close to surface. Four higher grade veins include a bonanza grade
zone of 2m at 131.4 g/t.
AP_008 hole was collared close to artisanal workings where
historic lump samples assayed up to 401.7 g/t. Data from an
ultra-high resolution drone-based survey flown in September 2021 is
currently being processed to determine strike extent and direction
and will be used in planning follow-up diamond drilling exploration
expected to commence in Q2 2022."
Background
The "Novoe" target on the Apmintas Licence is one of seven drill
targets tested by RC drilling in September 2021. The entire drill
programme comprised 51 holes for a total of 3,127 metres.
Analytical results have been received for the first 12 holes
drilled at the "Novoe" target only.
Hole AP_008 in the "Novoe" target intersected a vein system with
stockwork style mineralisation with four higher grade veins,
including a bonanza grade zone of 2m @ 131.4 g/t Au. The intercepts
in hole AP_008 include:
-- 1m @ 4.66 g/t from 5m
-- 1m @ 1.20 g/t from 12m
-- 1m @ 3.04 g/t from 29m
-- 19m @ 14.36 g/t Au from 44m
o including 2m at 131.41 g/t from 44m
Hole AP_008 ended in mineralisation, which remains open at
depth.
Correlating the high-grade intercept of hole AP_008 with
high-grade mineralisation from the historical artisanal pits at
surface, the mineralised vein stockwork is likely south-easterly
sub-vertical dipping. Hole AP_008 is the closest hole to the
outcrop of the mineralised system marked by the chain of artisanal
pits. Other holes drilled on the "Novoe" target were positioned
further from historic workings and are assumed to have
under-drilled the target (example: AP_007 in Figure 1 as shown in a
version of this announcement with supplementary information and
images which can be found at
http://www.rns-pdf.londonstockexchange.com/rns/6156Z_1-2022-1-25.pdf.
Low grade mineralisation encountered in the other 11 holes are
interpreted as splay-offs from the main mineralised zone, with
higher grades within the main stockwork potentially existing
further to the southeast.
Whereas historical reports showed gold is largely hosted in
quartz veins with minor sulphides, East Star's drill results
clearly show a dissemination of the mineralisation into the host
rock, creating a larger gold bearing halo and increasing the width
of the mineralised zone significantly.
A drone-based ultra-high resolution magnetic survey was flown
over the entire licence area by Geoscan Group during September and
October 2021. The data is currently being interpreted by
international specialists which will further improve the
understanding of the geometry and strike extent of the mineralised
system at "Novoe" and similar structural settings on the Apmintas
Licence area as well as the Company's second licence in the Chu-Ili
Gold Belt at Dalny.
Based on these encouraging results of the virgin reconnaissance
drilling campaign, East Star plans for a follow-up diamond drilling
campaign to include testing of the orientation and extent of the
mineralised systems at the "Novoe" target where historical surface
sampling (Figure 2 in supplementary version) demonstrates high
grades along strike to the southwest and untested terrain to the
northeast.
Results from the remainder of the 2021 drill programme across
the Apmintas Licence are pending and are expected to be received,
interpreted and released during Q1 2022.
For further information visit the Company's website at
www.eaststarplc.com , or contact:
East Star Resources Plc
Alex Walker, Chief Executive Officer
Tel: +44 (0)20 7390 0234 (via Vigo Consulting)
Peterhouse Capital Limited (Corporate Broker and Placing
Agent)
Duncan Vasey / Lucy Williams
Tel: +44 (0) 20 7469 0930
Vigo Consulting (Investor Relations)
Ben Simons / Oliver Clark
Tel: +44 (0)20 7390 0234
About East Star Resources Plc
East Star Resources is focused on the discovery and development
of gold, copper, and base metal deposits in Kazakhstan. With an
initial four licences covering 1,432 km(2) in two mineral rich
belts, East Star is undertaking an intensive exploration programme,
applying modern geophysics to discover gold, copper, and base
metals in levels that were not explored in the Soviet era. The
Company also intends to expand its licence portfolio in Kazakhstan.
East Star's management are based permanently on the ground,
supported by local expertise, and a joint venture with the state
mining company.
Follow us on social media:
LinkedIn:
https://www.linkedin.com/company/east-star-resources/
Twitter: https://twitter.com/EastStar_PLC
The person who arranged for the release of this announcement was
Alex Walker, CEO of the Company.
Competent Persons Statement
Information and data presented within this announcement has been
compiled by Mr Azamat Bizhanov, a Member of the Australian
Institute of Geoscientists ("MAIG"). Mr Bizhanov is the Exploration
Manager for East Star Resources Plc and has sufficient experience,
which is relevant to the style of mineralisation, deposit type and
to the activity which he is undertaking to qualify as a Competent
Person defined by the 2012 Edition of the Australasian Code for
Reporting Exploration Results, Mineral Resources and Ore Reserves
(the "JORC" Code). This includes 10 years of Mining, Resource
Estimation and Exploration relevant to the style of
mineralisation.
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END
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