REG - East Star Resources - Talovskoye Prospect: Sampling Results

East Star ResourcesAnnouncement

27/11/2023 07:00

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RNS Number : 6713U  East Star Resources PLC  27 November 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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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 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 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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