REG - East Star Resources - Chu-Ili Gold Belt Drilling Update

East Star ResourcesAnnouncement

09/11/2022 07:01

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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
(http://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/
(https://www.linkedin.com/company/east-star-resources/)

Twitter: https://twitter.com/EastStar_PLC (https://twitter.com/EastStar_PLC)

Subscribe to our email alert service to be notified whenever East Star
releases news:

www.eaststarplc.com/newsalerts (http://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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