REG - East Star Resources - Drilling Update, Kazakhstan

East Star ResourcesAnnouncement

18/08/2022 07:00

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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
(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 / 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/
(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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