TIDMEST
RNS Number : 7375F
East Star Resources PLC
09 November 2022
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9 November 2022
East Star Resources Plc
("East Star" or the "Company")
Chu-Ili Gold Belt Drilling Update, Kazakhstan
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold,
rare earths and copper explorer, is pleased to announce the
completion of a three and a half month diamond core drilling
programme on the Company's two Chu-Ili orogenic gold belt licences
in Kazakhstan.
Highlights:
-- Total of 4,947m of diamond core drilling across both licences comprising:
o 17 boreholes totalling 3,088m on the Novoe, Southern Shabdar
and Eshkilitau II targets on the Apmintas Licence
o 19 boreholes totalling 1,860m on the Alatagyl target on the
Dalny licence
-- Programme was designed to test mineralisation along strike
and down dip from previous intersections from both East Star's
reverse circulation drilling programme in 2021 and historical
drilling at Southern Shabdar and Alatagyl
-- Visual inspection of core shows promising signs of
potentially gold bearing mineralisation across all targets
-- Company intends to release assay results on a target-by-target basis for completeness
Alex Walker, East Star CEO, commented:
"We are pleased with the pace and quality of the drill programme
and encouraged by visual indicators in core samples. By doing
oriented diamond core drilling, our team can get a strong
understanding of the geometry of the structures controlling the
mineralisation. This will form the basis for the design of future
work programmes and assist with targeting additional areas on the
huge and prospective Apmintas Licence. Shallow recordings of
sulphides on the Alatagyl target also demonstrate a good indication
of potentially gold bearing mineralisation.
Core is being logged, cut, and weighed, and some are undergoing
density measurements and XRF analysis before being sent for assay
preparation at the laboratory and then for assay. Lab turnaround
times in Kazakhstan are variable and we intend to release assay
results on a target-by-target basis to provide complete information
to the market for each target.
I am proud of our hardworking team and contractors for their
execution of an efficient and safe programme. As we progress
through the assay phase, we will continue to undertake the quality
control to ensure an efficient process without compromising on
quality."
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 / Peter Jacob
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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