TIDMEST
RNS Number : 6713U
East Star Resources PLC
27 November 2023
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27 November 2023
East Star Resources Plc
("East Star" or the "Company")
Talovskoye Prospect: Sampling Results
Identification of very high-grade Cu/Ag target
East Star Resources Plc (LSE:EST), which is defining mineral
resources in Kazakhstan for the energy revolution, is very pleased
to announce the results from sampling at the Talovskoye prospect on
the Rudny Altai Volcanic Massive Sulphide ("VMS") belt in
Kazakhstan. The Talovskoye prospect sits on licence RA1, which is
100% owned by East Star and appears to have many geological
similarities to the high-grade current and past producing VMS
deposits on the belt.
Highlights:
-- Mapping identifies high-grade Cu/Ag mineralisation only 17km
from the Nikolovskoye processing plant
-- Samples include:
o 6.30% Cu, 5.19% Pb, 0.81 g/t Au and >100g/t Ag
o 8.44% Cu, >20% Pb, 1.1 g/t Au and > 100 g/t Ag
o 2.58% Cu, 11.35% Pb, 3.84 g/t Au and >100 g/t Ag
-- Extensive sulphide mineralisation, with outcropping gossans
largely obscured under waste from historical small-scale mining
-- Existing infrastructure and proximity to the Nikolovskoye
processing plant offers potential for low-cost development
-- Further exploration is required on this high-priority target with drilling planned for 2024
Alex Walker, East Star CEO, commented:
"The Talovskoye Cu/Ag prospect is shaping up to be another very
interesting target within our VMS portfolio. The detailed mapping
undertaken this year has informed our geological understanding and
strengthened our view that this is a prospect we should be drilling
at the nearest opportunity.
Largely covered by waste from small-scale mining and only 17km
by road to the Nikolovskoye processing plant, the Talovskoye
prospect has the potential to be a very low-cost development
opportunity should it get to that stage."
Figure 1: Talovskoye Prospect mapping demonstrating high-grade
Cu/Ag mineralisation with historic shallow drill holes
Next Steps
The discovery of high-grade Cu/Ag mineralisation confirms the
importance of Talovskoye, informed by geological understanding
driven by detailed mapping conducted earlier this year. With winter
approaching, East Star will continue the geological review of the
prospect to determine the additional steps, if any, required to
refine targeting ahead of the 2024 drilling season.
Verkhuba Assay Update
Final assays (excluding gold) have been received from the
laboratory, with the Company undertaking further QA/QC protocols
prior to the results being confirmed and released to the market
which is expected in the next 1-2 weeks.
East Star Resources Plc
Alex Walker, Chief Executive Officer
Tel: +44 (0)20 7390 0234 (via Vigo Consulting)
SI Capital (Corporate Broker)
Nick Emerson
Tel: +44 (0)1483 413 500
Peterhouse Capital Limited (Corporate Broker)
Peter Greensmith
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 strategic minerals required for the energy revolution. With an
initial nine licences covering 1,321.5 km(2) in three mineral rich
districts of Kazakhstan, 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
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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
The information in this release that relates to Exploration
Results has been reviewed by Mr Mikhail Tsypukov. Mr Tsypukov is a
Fellow of the Institute of Materials, Minerals and Mining (FIMMM,
Reg. No 459707). He has a PhD in geology from A.P. Vinogradov
Institute of Geochemistry Siberian Branch Russian Academy of
Sciences with over 30 years of experience of gold and base metal
exploration in Russia, Kazakhstan, Mongolia, Rwanda and Islamic
Republic of Mauritania.
Mr Tsypukov has sufficient experience that is relevant to the
style of mineralisation and type of deposit under consideration and
the activity being undertaken to qualify as a Competent Person as
defined in 2012 Edition of the "Australasian Code for Reporting of
Exploration targets, Exploration Results, Mineral Resources and Ore
Reserves", also known as the JORC code. The JORC code is a national
reporting organisation that is aligned with CRIRSCO. Mr Tsypukov
consents to the inclusion in the announcement of the matters based
on his information in the form and context in which they
appear.
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