REG - East Star Resources - Dalny Licence Drilling Results, Kazakhstan

East Star ResourcesAnnouncement

26/04/2023 07:00

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RNS Number : 4304X  East Star Resources PLC  26 April 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET
ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE
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CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

26 April 2023

 

East Star Resources Plc

("East Star" or the "Company")

Dalny Licence Drilling Results, Kazakhstan

Gold bearing mineralised system with shallow intersections of potentially
economic grades and widths

East Star Resources Plc (LSE:EST), which is defining mineral resources in
Kazakhstan for the energy revolution, is pleased to provide results from
diamond drilling on the Dalny licence of the Chu-Ili Orogenic Gold Belt in
Kazakhstan. Results show shallow intersections of potentially economic grades
and widths from the Alatagyl northern zone with planning of follow-up
exploration work ongoing.

 

Highlights:

·    19 drill holes totalling 1,860 m were drilled on the Alatagyl target
on the Dalny licence

·    Programme was designed to test mineralisation where East Star sampled
rock chips up to 27.4 g/t Au (announced 30 June 2022) and historical drilling
and trench results indicated gold mineralisation

·    Best intercepts (at a cut-off grade of 0.3 g/t Au) include:

o  DL_18 - 4 m @ 2.74 g/t from 24 m and 12 m @ 2.03 g/t from 31 m

o  DL_19 - 1 m @ 1.32 g/t from 34 m and 2 m @ 0.93 g/t from 51 m

o  DL_14 - 3 m @ 0.51 g/t from 55 m

o  DL_15 - 3 m @ 2.09 g/t from 21 m

·    Confirmed presence of gold on the Dalny licence - further analysis is
underway to determine next steps to progress exploration

 

Alex Walker, East Star CEO, commented:

"We are pleased with the results from the Alatagyl northern area which
indicate a gold bearing mineralised system with shallow intersections of
potentially economic grades and widths.

We are undertaking a review of the drill results against the historical data
to expand our knowledge of the mineralisation system and determine the scope
of the follow-up exploration programme.''

Drilling Summary

 

Prior to drilling, three sites were identified in the north-eastern part of
the Dalny licence: the Alatagyl western zone; the Alatagyl northern zone; and
Alatagyl far northern zone.

 

At Alatagyl far north, based on the results of past sampling and mapping by
the East Star geological team, two drill holes were designed to test surface
expression of quartz with alteration. DL_18 and DL_19 were drilled 22 m apart
to depths of 112 m and 121 m respectively with results including DL_18, 4 m @
2.74 g/t from 24 m and 12 m @ 2.03 g/t from 31 m; and DL_19, 1 m @ 1.32 g/t
from 34 m and 2 m @ 0.93g/t from 51 m. The geology includes thin quartz
veinlets and associated alteration with intense sulfide mineralisation, hosted
in sandstones.

 

                            Figure 1 Cross-section
of DH's DL_018 and DL_019

 

Figure 2 Wet core from DL_18 incorporating 3 m @ 3.35 g/t from 26 m

Figure 3 Wet core from DLl_18 incorporating 3 m @ 4.27 g/t from 39 m

In the drilling at the Alatagyl west site, the East Star team had mapped
veins, collapses of north-western trending quartz and many trenches and small
historical workings. This area incorporated the largest surface footprint and
best historical sampling results from both East Star and historical reports.
12 holes were drilled with only trace gold mineralisation found.

 

Logging and Processing of Core Samples

 

The core was logged on site by East Star geologists. After logging and
photography, core was transported to Karaganda where it was cut; samples were
taken, weighed, and recorded.

 

Figure 4 Photo documentation of the core in the field

Laboratory and Analytical Work

 

The analyses were conducted at Tsentre Geoanalit in Karaganda, Central
Kazakhstan. This laboratory is accredited by the State Standard of the
Republic of Kazakhstan. The accreditation certificate was registered in the
State Register of the State Certification System of the Republic of Kazakhstan
on 14 June 2005 (No. КZ 7100000.06.10.00373). The laboratory is not
accredited by the international ISO17025 standard. A number of flame atomic
absorption spectrometers of various generations are in operation (PerkinElmer
AAnalyst200, PerkinElmer Aanalyst400 and PerkinElmer PinAAcle 900F) linked to
Winlab32 AA Flame - Manual Analysis Control software. The Dalny samples were
dissolved in aqua regia and subjected to initial spectrograph analysis
followed by analysis of gold using AAS (using one of several PerkinElmer
PinAAcle 900F units). Samples were prepared at the Tsentrgeolsmyemka facility
near Karaganda. Sample preparation comprised weighing of the sample, drying,
crushing to -1 mm, splitting of 300 g of sample by cone and quarter, and
milling using one of several rod mills. A sieve was available to check the
crushing quality. Samples were milled and half of the milled sample was placed
in a hand labelled paper envelope and dispatched to the analytical facility
and the other half was kept on-site. The rejected material is kept for five
years. Cores are kept in a shed at a different site in Karaganda.

A QA/QC programme was used to evaluate the quality of the 2,051 total assay
results. In total 193 QA/QC samples (or ~9%) were inserted into the sample
stream including - 65 CRMs, 64 field duplicates and 64 blanks. The QA/QC
samples returned satisfactory results demonstrating that the data are
acceptable for early-stage exploration. It should be noted that the high-grade
assays are likely to be under reporting gold concentrations as the aqua regia
solution is unlikely to completely dissolve the gold in the samples. This is
supported by the generally slightly lower than expected gold concentrations
seen in the CRM analyses.

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)

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 strategic
minerals required for the energy revolution. With an initial nine licenses
covering 1,321.5 km² 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/
(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 Person's Statement

Scientific or technical information in this disclosure related to exploration
was reviewed by Dr Tremain Woods, a full-time employee of MSA Minerals
Consulting Ltd. Dr Woods is a member in good standing with the Geological
Society of South Africa. He has sufficient experience that is relevant to the
commodity, style of mineralization and type of deposit under consideration and
to the activity being undertaken to qualify as a Competent Person under the
JORC code (2012 Edition). Dr Woods consents to the inclusion in the report of
the matters based on his information in the form and context in which it
appears.

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