TIDMEST
RNS Number : 1753I
East Star Resources PLC
13 April 2022
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13 April 2022
East Star Resources Plc
("East Star" or the "Company")
Drone-Magnetics Identifies Multiple Gold Targets on Apmintas
Licence
East Star Resources Plc (LSE:EST), the Kazakhstan-focused gold
and copper explorer, is pleased to announce the completion of
processing of 380km(2) of close spaced drone magnetics flown
between July and October 2021 over the Apmintas Licence in the
Chu-Ili orogenic gold belt.
Highlights:
-- 22 targets highlighted for follow up work - most of which are under 10-30m of cover
-- Majority of targets represent structural settings for classic
orogenic gold mineralisation including duplex structures, flexures
and step-over zones along second and third order structures
-- 9 targets with historical gold occurrences including Novoe,
Southern Shabdar and Eshkilitau II with previously announced high
grade gold intersections from drilling
-- Another 9 targets have existing historical geochemical
anomalies of known gold pathfinder elements including arsenic,
antimony, bismuth and copper
-- Follow up work is planned for infill soil sampling and close
spaced ground magnetics to refine targets prior to drilling in Q2
2022
A supplementary version of this announcement with an image can
be found at:
http://www.rns-pdf.londonstockexchange.com/rns/1753I_1-2022-4-12.pdf
Alex Walker, East Star CEO, commented:
"The Apmintas magnetic drone survey has delivered magnetic
targets representative of classic orogenic systems over areas of
known high grade gold such as Novoe and Southern Shabdar as well as
several areas that have not been subject to historic drilling
despite having recorded soil geochemical anomalies. Historic
exploration under relatively thin cover was limited and this offers
a fantastic opportunity for the Company to make significant new
discoveries.
"We intend now to conduct geochemical surveys and close spaced
ground magnetics over new priority targets before the commencement
of drilling in Q2 2022 which will test targets previously undrilled
along with extensions of areas with known high grade gold
intersections."
Magnetic Survey Summary
The UAV-borne high resolution magnetic survey was flow between
July and October 2021 and covered 380km(2) . Flights were conducted
at average altitude of 35m over the terrain with line spacing of
100m. The total coverage of the Apmintas survey was 4,567 line
kilometers.
The survey was flown by Geoscan Group with the interpretation
conducted by Earthmaps Consulting ("Earthmaps"), a company which
specialises in structural interpretation of geophysical data in
orogenic gold systems. Earthmaps was tasked with providing a
detailed sub-outcrop structural and lithological interpretation
including identification and prioritisation of prospective gold
mineralisation targets or target zones and a recommendation for
further follow-up procedures of these targets.
Targeting
Priority targets include Target 22, which contains the Novoe
discovery hole AP_008 of 63m @ 4.51 g/t and Target 15, a north
trending cross structure across the Ergenektin corridor containing
the Southern Shabdar target where historical drilling
intersected:
-- 24.9m @ 2.86 g/t Au
-- 8.2m @ 13.0 g/t Au
-- 5m @ 4.89 g/t Au
-- 1m @ 24.8 g/t Au
-- 2m @ 39.3 g/t Au and
-- 2m @ 39 g/t Au
The greater depth of knowledge gained from structural
understanding of target areas will assist in planning the Company's
2022 drilling campaign, which will test several key targets across
the Dalny and Apmintas Licences.
Additional priority geophysical and geological targets are
listed below. These targets will be subject to geochemical sampling
where positive results will be followed by close spaced high
resolution ground magnetics prior to drilling in Q2 2022:
Target 4: Linear splay in the Ergenektin West Thrust with an
existing arsenic and antimony anomaly and partial cover
Target 6: 4.5 km(2) northeast trending cross structure in the
Ergenektin West Thrust
Target 7: 7 km(2) northeast trending cross structure
incorporating the Eshkilitau II target which includes gold
intersections of:
-- 1m @ 7.86 g/t Au
-- 1m @ 7.00 g/t Au
-- 2.8m @ 4.67 g/t Au
-- 1m @ 4.62 g/t Au
-- 4m @ 2.04 g/t Au and 1.3m @ 8.2 g/t
-- 6m @ 1.6 g/t
-- 2m @ 28.8 g/t Au
-- 7m @ 1.34 g/t Au and 1m @ 13.61 g/t Au
Target 8: 400m long linear, north striking anomaly along the
Ergenektin corridor with arsenic and bismuth geochemical
anomalies
Target 16: 2.5 km(2) step over zone along the Ergenektin West
Thrust
Target 17: 3.9 km(2) northeast trending linear and cross,
step-over anomaly along the Ergenektin West Thrust with a historic
gold occurrence
For further information visit the Company's website at
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 / Oliver Clark
Tel: +44 (0)20 7390 0234
About East Star Resources Plc
East Star Resources is focused on the discovery and development
of gold, copper, and base metal deposits in Kazakhstan. With an
initial four licences covering 1,432km(2) in two mineral rich
belts, East Star is undertaking an intensive exploration programme,
applying modern geophysics to discover gold, copper, and base
metals in levels that were not explored. The Company also intends
to expand its licence portfolio in Kazakhstan. East Star's
management are based permanently on the ground, supported by local
expertise, and a joint venture 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
The person who arranged for the release of this announcement was
Alex Walker, CEO of the Company.
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END
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