TIDMEST
RNS Number : 3831W
East Star Resources PLC
18 August 2022
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18 August 2022
East Star Resources Plc
("East Star" or the "Company")
Drilling Update, Kazakhstan
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold,
rare earths and copper explorer, is pleased to provide an interim
update on the ongoing Diamond Drilling programme on the Apmintas
Licence on the Chu-Ili Orogenic Gold Belt in Kazakhstan.
Highlights:
-- Four boreholes totalling 970 metres have been drilled on the Novoe target
-- All four Novoe boreholes recorded wide intersections of
quartz diorite containing interspersed quartz veining and sulphides
with some more intense sections of alteration
-- Visual inspection of the core corroborates Reverse
Circulation drilling from September 2021, which contained
disseminated sulphides in host rock, demonstrating the potential
for greater tonnage outside of the higher-grade gold veins
-- First three boreholes have been transported to Karaganda
where they will undergo cutting and sample preparation before being
sent for assay
-- Due to the presence of chalcopyrite and sphalerite some
sampling will also include assay for other elements such as copper,
lead and zinc
-- Rig now drilling on the Southern Shabdar target where the
first borehole is complete and the second is underway
Alex Walker, East Star CEO, commented:
"The drillers and our geological team are making great progress
with some shifts at 85m/day while maintaining excellent core
recovery. Visual inspection of the core indicates exactly what we
had hoped and expected to see, with consistent sulphides over large
intersections as well as quartz veins which have the potential to
carry much higher grades as they have done in historical surface
samples and in our RC drilling. The presence of chalcopyrite was a
pleasant surprise and will help to build our geological
understanding of the deposit and the region.
We have now moved onto the Southern Shabdar target where
historical drilling yielded high grades and wide intersections in
oxide, close to surface, so we're excited to be drilling this
target for the first time."
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 / Tara Benniman
Tel: +44 (0)20 7390 0234
About East Star Resources Plc
East Star Resources is focused on the discovery and development
of gold, rare earth, and copper deposits in Kazakhstan. With an
initial nine licences covering 1,687 sq km in three mineral rich
districts, East Star is undertaking an intensive exploration
programme, applying modern geophysics to discover minerals in
levels that were not previously explored. The Company also intends
to further expand its licence portfolio in Kazakhstan. East Star's
management are based permanently on the ground, supported by local
expertise, and joint ventures 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
Subscribe to our email alert service to be notified whenever
East Star releases news:
www.eaststarplc.com/newsalerts
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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