TIDMEST
RNS Number : 7058D
East Star Resources PLC
07 March 2022
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7 March 2022
East Star Resources Plc
("East Star" or the "Company")
Drone-Magnetics Identifies Multiple Gold Targets on Dalny
Licence
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold
and copper explorer, is pleased to announce the completion of
processing of 481km(2) of close spaced drone magnetics flown in
September 2021 over the Dalny Licence in the southern part of the
Chu-Ili orogenic gold belt.
Highlights:
-- 11 target areas prospective for gold mineralisation have been
identified along structurally prospective sections of the
first-order, deep-crustal faults totalling more than 50km of
strike
-- New targets identified beneath alluvial cover indicating the
potential for subcropping gold mineralisation not previously
identified in historic exploration
-- The large-scale Zhenis Gold Target with coinciding
geochemical, resistivity and IP (induced polarisation) anomalies is
now structurally interpreted as a 9km long and up to 900m wide area
of structural complexity, favourable for gold mineralisation
associated with second and third order faults
-- The Alatagyl Target, a 2km x 1.2km zone in the far
north-eastern tenement area is interpreted as a potential
intrusion-related gold deposit. Historic work in this area included
12 IP anomalies of which only three were tested for gold where
results included:
o 3m @ 7g/t Au
o 3m @ 4g/t Au
o 4m @ 2.85g/t Au
o 4m @ 2.5g/t Au
A supplementary version of this announcement with images can be
found at:
http://www.rns-pdf.londonstockexchange.com/rns/7058D_1-2022-3-4.pdf
Alex Walker, East Star CEO, commented:
"We are extremely pleased with the outcome of the data
interpretation and subsequent targeting work conducted by our
consultants and in-house geological team. The results widely
confirm our approach to the Chu-Ili gold belt as a primary target
for orogenic gold deposits in addition to the traditional
intrusion-related gold systems and shale hosted gold deposits which
we have seen repeated consistently along the belt. We intend now to
conduct detailed geological mapping and geochemical surveys of
these targets before the commencement of drilling in Q2 2022."
Magnetic Survey Summary
The UAV-borne high resolution magnetic survey was flown between
July and October 2021 and covered the entire licence of 481km(2) .
Flights were conducted at average altitude of 35m over the terrain
with line spacing of 100m. The total coverage of the Dalny survey
was 5,466 line kilometers.
The survey was flown by Geoscan Group with the interpretation
conducted by Earthmaps Consulting ("Earthmaps"), a company which
specialises in structural interpretation of geophysical data in
orogenic gold systems. Earthmaps was tasked with providing a
detailed sub-outcrop structural and lithological interpretation
including identification and prioritisation of prospective gold
mineralisation targets or target zones and a recommendation for
further follow-up procedures of these targets.
Targeting
The greater depth of knowledge gained from structural
understanding of target areas will assist in planning the Company's
2022 drilling campaign, which will test several key targets across
the Dalny and Apmintas licences.
The Sudusai Fault and the Akkuduk Fault are first-order
deep-crustal faults forming the south-western and northern edges of
the Sinian Thrust Belt. A total of 11 target areas which are
structurally prospective for gold mineralisation have been
identified along structurally prospective sections of the Akkuduk
Fault and the Sudusai Fault.
Key targets based on interpretation of geophysical and
geological data include:
1. Target T1A covers an 8.2km long section of the Akkuduk Fault
in the north-western part of the tenement which contains the
Tarlanat West and Tarlanat South gold stockwork occurrences with
polymetallic Au/Ag/Cu mineralisation. The Akkuduk Fault in this
target zone forms a bend or jog towards the west and locally forms
a dilational zone within a left-lateral sense of shearing along the
fault. Dilational zones are particularly prospective because they
are areas of enhanced fluid flow during orogenic deformation.
2. Target T1B covers an 11.7km long and up to 1.2km wide section
of the Akkuduk Fault in the central part of the Dalny Licence which
contains several gold occurrences in the west and the east. The
Akkuduk Fault in this target zone locally widens to 1.2km into a
number of west-vergent thrust duplexes. This local structural
complexity is favourable for orogenic gold mineralisation in higher
order faults or shears.
3. Target T2 is situated within the central western part of the
Sinian Thrust Belt and covers a 9km long and up to 900m wide area
of strong deformation and shortening. This structural complexity is
favourable for gold mineralisation in second or third order faults.
The Rodnik NW and the Zhenis gold occurrences are located within
the eastern part of this target area. Zhenis has previously been
identified as a priority target based on coincidental geochemical
anomalies with up to 1.2 g/t Au in soils, and untested resistivity
and IP anomalies.
4. Target T3A covers a 2.2km x 1.1km wide section of the Sudusai
Fault in the north-west of the Dalny Licence. The Sudusai Fault in
this target zone forms an abrupt, structural kink to the west and
steps over into sub-parallel faults. The target zone is nearly
completely covered by alluvium and scree and therefore a major gold
deposit may have easily been missed by historic explorers.
5. Target T3B covers a 1.6km x 0.8km wide section of the Sudusai
Fault in the central west of the Dalny Licence. The Sudusai Fault
in this target zone forms a structural kink to the west and the
Target T2 branches off to the north-west. The target zone is
largely covered by alluvium and scree and therefore a major gold
deposit may have easily been missed by historic explorers.
6. Target T4 measures roughly 5km x 1.8km and covers an arcuate
thrust duplex on the south-western edge of the Sinian Thrust Belt.
The high degree of structural complexity, coupled with the presence
of very iron-rich serpentinites and peridotites is prospective for
gold mineralisation in higher order faults and stockworks. The
thrust duplexes contain the Maizharylgan copper occurrence where
content of copper content in trenching up to 2.6m @ 6.12% Cu.
7. Target T5 measures 2km x 1.2km in the far north-eastern
tenement area which includes the Alatagyl North gold occurrence.
Aeromagnetic data clearly shows the ellipsoidal outline of a local
gabbro-noritic intrusion, on the western edge of which the Alatagyl
North gold occurrence is located. The Alatagyl gold occurrence
might be genetically related to the intrusion as an
intrusion-related gold deposit. The w idth of the alteration zone
is 50-200m, associated with a large historical gold soil anomaly
(up to 0.8g/t Au). Veins and host rocks at the contact contain
disseminated pyrite, arsenopyrite and visible gold with up to 10g/t
Au in rock chips.
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 historically. 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.
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